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Tableau stock down almost 50%

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Re: Tableau stock down almost 50%

#61

Post by gomox »

tomasien wrote: post #49

I don't know what Tableau Software is and I found it pretty amazing that when I Google it I could still not figure it out because all the results were about the stock price. I think people might be focusing too much on stock price is Googling a company's name doesn't result in seeing the company's website on the first page of results.....

Tableau is a surprisingly good desktop application for business intelligence and analytics that, IMO, grew too big for its own good. You plug it into data (spreadsheets, databases, you name it) and it makes it very simple (drag-and-drop simple) to crunch some numbers and produce interesting graphs, visualizations and analysis.

Some clever stuff they had was (early-RoR-style) guessing of data semantics based on heuristics (Column labeled "date"? probably worth grouping by months. Number pairs like -0.3242,0.12345 ? probably worth plotting on a map).

I have used trial and educational versions in the past and was always pretty impressed with the ease of use and the results. The product itself was > $1k so I never actually purchased a license.

Even though I didn't follow the strategy very closely, from what I've run into it seems lke their offerings were all over the place. I saw a local newspaper using a hosted Tableau product to display data visualizations on their pages (the kind of visualizations made by a company whose DNA is desktop apps, so kind of underwhelming). Their website is all about Gartner and enterprisey lingo.

The product itself is, well, some advanced version of Excel. This means you either sell a lot of it very cheap, or very little of it for a lot of money. Website design suggests the latter. Too bad it seems to not be working.

I'm honestly sad to see them do badly as I think the product was really innovative and it really changed my way of thinking about report building and analytics tools.

Re: Tableau stock down almost 50%

#63

Post by pc86 »

9tx wrote: post #19
pinaceae wrote: post #15

Earlier quoted context omitted.

Once you take the crazy money out of the equation, the SF Bay Area is not that appealing as a pure real estate play.

Whys that? Year round awesome weather not good enough?

You've never been to San Francisco, have you?

Re: Tableau stock down almost 50%

#64

Post by vvanders »

headgasket wrote: post #11

Linkedin is down 38%. Tesla is down quite a bit. My guess is that some VCs were leveraged and had to liquidate positions. Free money from leverage does not look as good when equities go down... I think we are heading for a most violent year on the markets. Pharma and biothechs will most likely be the only bright spots, especially anti-anxiety drugs... :-) Keep plugging at building great software that actually helps m…

TSLA is getting hammered(incorrectly) by gas prices being at all-time lows. Sounds like a great time to buy some more stock to me :).

Re: Tableau stock down almost 50%

#65

Post by floppydisk »

sologoub wrote: post #59
tomasien wrote: post #49

I don't know what Tableau Software is and I found it pretty amazing that when I Google it I could still not figure it out because all the results were about the stock price. I think people might be focusing too much on stock price is Googling a company's name doesn't result in seeing the company's website on the first page of results.....

Tableau is a visualization software that you can bolt on top of many different data sources, from spreadsheets to BI tools and even AWS RedShift to get awesome looking dashboards and interactive visuals. They are/were extremely popular with many sales organizations for internal dashboarding and even some media outlets used their stuff for public websites. Sad to see this state of things for them, as the product was t…

They still are popular, especially in the government contracting world. It's almost a mandatory requirement their business analysts use Tableau when creating dashboards for clients.

Re: Tableau stock down almost 50%

#66

Post by kevinwong »

Before this drop they were trading at 14x forward revenue; now they're at 7x. Splunk was at 12x, now at 9.7x. We'll have to revisit what the typical multiple range is for BI/enterprise saas companies.

Seems like quite the correction for an earnings beat and the removal of a ~50M deferred tax asset though, especially since people already had negative expectations before the earnings release.

Re: Tableau stock down almost 50%

#68

Post by ljk »

pinaceae wrote: post #5

huge corrections under way, guarantee this is not the end, just the beginning. unicorn slaughter. upside: expect house prices in the SF bay area to become more affordable.

Does this affect big companies like Alphabet/Amazon/FB/Microsoft, etc?

Re: Tableau stock down almost 50%

#70

Post by refurb »

vvanders wrote: post #64
headgasket wrote: post #11

Linkedin is down 38%. Tesla is down quite a bit. My guess is that some VCs were leveraged and had to liquidate positions. Free money from leverage does not look as good when equities go down... I think we are heading for a most violent year on the markets. Pharma and biothechs will most likely be the only bright spots, especially anti-anxiety drugs... :-) Keep plugging at building great software that actually helps m…

TSLA is getting hammered(incorrectly) by gas prices being at all-time lows. Sounds like a great time to buy some more stock to me :).

TSLA is getting hammered because analysts don't believe they'll sell as many cars as they say. Some of it due to lower gas prices.
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