Docstoc

A Big Data Play for 2014: Tableau Software (DATA)

Document Sample
A Big Data Play for 2014: Tableau Software (DATA) Powered By Docstoc
					                                    Robert DeFrancesco’s
                            Tech-Stock Prospector
December 19, 2013

A Big Data Play for 2014: Tableau Software (DATA)
Cantor Fitzgerald starts coverage of Tableau Software (DATA, $65.26) at ‘Buy’ with
a price target of $88, calling the provider of BI/data visualization solutions one of
the few pure plays in Big Data.

The firm believes the trend today toward Big Data is where cloud computing was in
2008 to 2009.

With Big Data in the early stages of development, Cantor sees a lot of growth
opportunity during the next several years for well-positioned players.

For 2013, Tableau is expected to deliver revenue growth of 69%, while initial
guidance for 2014 calls for growth of 40%.

Cantor calls out Tableau for giving users the ability to simultaneously query and
visually present data in real time.

Not all of Wall Street is so enamored with Tableau shares at current levels—the
forward P/S ratio is 17.8. Three firms over the past several days started coverage
with ‘Neutral’ or ‘Market Perform’ ratings based on valuation:

*Baird—price target: $70
*FBR Capital—price target: $70
*Mizuho—price target: $60

------------------------------------------------------------------------------------------------------------
As of early December, shares of the 8 TSP Tech Disruptors for 2013 are up an
average of 65.5% over the past year (past performance is no guarantee of future
results). For the new list of 7 TSP Tech Disruptors for 2014, download the December
2013 issue of Tech-Stock Prospector to your Amazon Kindle or Kindle for
iPad/iPhone reading app: http://www.amzn.com/B004T6Z0ME

------------------------------------------------------------------------------------------------------------

Read the December 2013 issue of Tech-Stock Prospector on your Amazon Kindle
or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the December 2013 issue:
*7 Tech Disruptor companies for 2014
*Splunk seeing bigger deals and more cloud exposure
*Cloud King: Workday expands its addressable market
*A promising Big Data play in the analytics space
*Marketing Pros: Marketo & Responsys
*New growth drivers for LinkedIn
*Twitter set for big monetization push in 2014
*Yelp & TripAdvisor continue to disrupt mobile search
*Google aims to get bigger in cloud services
*Gigamon delivers network traffic intelligence
*Fortinet is back on the CFO hunt
*Security Watch: A model story at Barracuda Networks
*Palo Alto Networks keeps building market share in security
*Increased awareness about datacenter security helps Imperva
*An upcoming IT security IPO to watch
*Can Infoblox get its momentum back after the recent stumble?
*Some analysts look for Intel to benefit from PC market stabilization
*Aruba Networks still calling for revenue growth acceleration
*Deal Report: Veeva Systems seeing success in a cloud-software niche


Order the December 2013 issue of TSP here:
http://www.amzn.com/B004T6Z0ME


Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

				
DOCUMENT INFO
Description: Tableau's CEO thinks current BI technology (offered by traditional enterprise software vendors) is far too complicated, inflexible, unchanging and expensive. Tableau competes on two things: speed and ease of use. Most buyers of Tableau solutions aren’t even using any of the traditional BI offerings; they’re just plugging numbers into spreadsheets.
Rob DeFrancesco Rob DeFrancesco amzn.com/B004T6Z0ME
About TechStockProspector.com is an investment-research service specializing in technology & media companies. Twitter: @TechStockRadar