Why BlackLine Shares Got Clobbered Today
Shares of BlackLine (NASDAQ: BL) got clobbered today, down by 13% as of 12:10 p.m. EDT, after the company reported second-quarter earnings.
The cloud-based finance and accounting platform generated revenue of $42.3 million in the second quarter, up 46% year over year. That translated into a non-GAAP net loss of $1.4 million, or $0.03 per share. Both figures beat consensus estimates, which called for $41.5 million in sales and an adjusted net loss of $0.10 per share.
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Source: Fool.com
Blackline Inc Stock
€46.80
-1.270%
Based on 5 Buy predictions and 5 Sell predictions the sentiment towards Blackline Inc is rather balanced.
With a target price of 56 € there is a slightly positive potential of 19.66% for Blackline Inc compared to the current price of 46.8 €.
