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.
Image source: Getty Images.
Source: Fool.com
Blackline Inc Stock
€28.71
-1.300%
We see a rather positive sentiment for Blackline Inc with 8 Buy predictions and 1 Sell predictions.
With a target price of 55 € there is a hugely positive potential of 91.57% for Blackline Inc compared to the current price of 28.71 €.
