This ‘Big Data’ company beat analysts’ estimates by seven cents in its last quarter. And FBR just commented that ‘It is one of the best pure-growth companies in the tech space.’
Tableau, Inc. (DATA)
From Equity Research & Portfolio Evaluation, Inc.
Tableau Software, Inc. (DATA) is a provider of analytics and business intelligence software solutions. Reflecting its exchange ticker, Tableau is a leader in the enterprise software industry group known as “Big Data” companies. It is well-positioned with entrenched market share and proven innovation.
Companies and governments are gaining access to huge amounts of data. Mobile data traffic alone will jump 1,000% from 2013 to 2018, to the equivalent of 43,709 text messages each second. Corporations and other institutions hope to mine through all the data to uncover insights and opportunities. Through its Tableau Online, a cloud-base version of Tableau Server, and other products, Tableau’s data analytics software turns those digits into actionable intelligence.
Tableau and other Big Data companies will generate billions of dollars in 2016 helping companies and institutions organize, analyze and manage ever-rising stores of data.
Investors should insist on consistent strong earnings and sales growth when evaluating stocks. Tableau has delivered both. DATA’s 3-year annual earnings growth rate is an impressive 127%, while also achieving a 3-year annual sales growth rate of 78%. With DATA on our Thematic Growth Buy List, we rate the stock Market Outperform and have a $130 target.
John J. Gardner, Equity Research & Portfolio Evaluation, Inc., www.erpeinc.com, 925-242-2120, December 31, 2015