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Enter Symbol:
Rating: QLIK
Outperform $38

Qlik Technologies Inc (NASDAQ: QLIK) upgraded to Outperform with price target $38 by FBR Capital

Friday,  Nov 6, 2015  8:25 AM ET by Kristen Bailey

FBR Capital upgraded Qlik Technologies Inc (NASDAQ: QLIK) to Outperform with price
target $38. FBR Capital rated Qlik Technologies Inc (NASDAQ: QLIK) to Mkt Perform with price target $38 on 10/23/2015, when the price was $31.64.

Qlik Technologies Inc. (QlikTech), through its wholly owned subsidiaries, the Company sells software solutions that deliver data analysis and reporting solutions. QlikTech?s software platform, QlikView, combines enterprise-class analytics and search functionality. The Company?s solution addresses the needs of a range of customers from middle market customers to large enterprises, such as Autodesk, Campbell Soup Company, Colonial Life, The Dannon Company, Inc., Heidelberger Druckmaschinen AG, ING, Kraft Foods, Lifetime Brands, Nasdaq OMX, National Health Service (NHS), Qualcomm, Symantec and Volvo Car UK Limited. It has customers in over 100 countries, and approximately 75% of its revenue, during the year ended December 31, 2010, was derived internationally. On January 22, 2010, QlikTech acquired Syllogic Corporation (Syllogic).

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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