Business Intelligence Software Vendor Stocks Take Hits: Tech Business Wrap
It’s not the best of times for business intelligence software vendors stocks. Qlik Technologies (NASDAQ:QLIK) got spanked 5 days ago because of its fiscal third quarter miss. Shares of Microstrategy Incorporated (NASDAQ:MSTR) and Actuate Corporation (NASDAQ:BIRT) are sharing the same fate, following their own third quarter misses. To make matters worse, Actuate, which pointed to weak sales in Europe, was downgraded to Neutral at Roth. On watch: Splunk (NASDAQ:SPLK) and Informatica Corporation (NASDAQ:INFA).
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