BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management solution that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform, primarily through direct sales force to enterprises, mid-market companies, and multinational corporations. BlackLine, Inc. has a strategic alliance with Ernst & Young LLP to expand process automation capabilities and finance transformation services. The company was founded in 2001 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:BL
CUSIPN/A
Phone818-223-9008
Debt
Debt-to-Equity RatioN/A
Current Ratio1.42
Quick Ratio1.42
Price-To-Earnings
Trailing P/E Ratio-126.76
Forward P/E Ratio-180.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$177.03 million
Price / Sales14.16
Cash Flow$0.0151 per share
Price / Cash3,100.67
Book Value$5.57 per share
Price / Book8.42
Profitability
EPS (Most Recent Fiscal Year)($0.37)
Net Income$-38,060,000.00
Net Margins-19.09%
Return on Equity-6.01%
Return on Assets-4.16%
Miscellaneous
Employees740
Outstanding Shares53,440,000
BlackLine (NASDAQ:BL) Frequently Asked Questions
What is BlackLine's stock symbol?
BlackLine trades on the NASDAQ under the ticker symbol "BL."
How were BlackLine's earnings last quarter?
BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings data on Thursday, May, 3rd. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The technology company had revenue of $51.30 million for the quarter, compared to analysts' expectations of $50.37 million. BlackLine had a negative net margin of 19.09% and a negative return on equity of 6.01%. The business's revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. View BlackLine's Earnings History.
When is BlackLine's next earnings date?
What guidance has BlackLine issued on next quarter's earnings?
BlackLine updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.01-$0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $222-$225 million, compared to the consensus revenue estimate of $222.93 million.BlackLine also updated its Q2 guidance to ($0.02)-(0.00) EPS.
What price target have analysts set for BL?
5 Wall Street analysts have issued twelve-month target prices for BlackLine's shares. Their predictions range from $27.00 to $52.00. On average, they anticipate BlackLine's stock price to reach $41.00 in the next year. View Analyst Ratings for BlackLine.
What are Wall Street analysts saying about BlackLine stock?
Here are some recent quotes from research analysts about BlackLine stock:
- 1. According to Zacks Investment Research, "BlackLine, Inc. is a provider of cloud-based solutions for Finance & Accounting which centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. BlackLine, Inc. is headquartered in Los Angeles, California. " (5/9/2018)
- 2. KeyCorp analysts commented, "We estimate billings can reaccelerate in 2Q18. We view BL as a core cloud software company to own as it embarks on modernizing an $18.5B TAM. Key Investment Points Results: Contribution from strategic partners was the standout. ● ASC 606 revenue increased 34% y/y to $51.3M; $1M above consensus. ● ASC 606 billings growth increased 24% y/y vs. 29% y/y last quarter. ● 1Q18 billings growth was impacted by Runbook uplift to 1Q17 deferred revenue. ● We are modeling a reacceleration in billings growth to 28% y/y for 2Q18. ● SAP contribution: rose to 22% of sales vs. 20% last quarter. ● Strategic partners influenced half of $50K+ deals; six of top 10 deals. ● New customer additions: 89 vs. 92 last year; ending users +18% y/y to 202K. ● Positive EPS of $0.01, driven by improving margins; $0.04 above consensus. Model Impact: No major changes." (5/3/2018)
Who are some of BlackLine's key competitors?
Some companies that are related to BlackLine include Momo (MOMO), Nutanix (NTNX), Docusign (DOCU), Tyler Technologies (TYL), The Ultimate Software Group (ULTI), Tableau Software Inc Class A (DATA), Trend Micro (TMICY), Black Knight (BKI), Micro Focus International (MFGP), Guidewire Software (GWRE), Konami (KNMCY), Atlassian (TEAM), Paycom Software (PAYC), SINA (SINA) and MuleSoft (MULE).
Who are BlackLine's key executives?
BlackLine's management team includes the folowing people:
- Ms. Therese Tucker, Founder, CEO & Director (Age 57)
- Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 55)
- Mr. Chris Murphy, Chief Revenue Officer (Age 50)
- Mr. Mark W. Partin, CFO & Treasurer (Age 50)
- Mr. Marc E. Huffman, Chief Operating Officer (Age 47)
When did BlackLine IPO?
(BL) raised $120 million in an initial public offering on Friday, October 28th 2016. The company issued 8,600,000 shares at $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, William Blair and Baird were co-managers.
Has BlackLine been receiving favorable news coverage?
Media stories about BL stock have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. BlackLine earned a media sentiment score of 0.22 on Accern's scale. They also gave media stories about the technology company an impact score of 47.45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are BlackLine's major shareholders?
BlackLine's stock is owned by a number of of retail and institutional investors. Top institutional investors include ICONIQ Capital LLC (8.83%), BlackRock Inc. (3.38%), OppenheimerFunds Inc. (1.94%), Wells Fargo & Company MN (1.61%), Artisan Partners Limited Partnership (1.56%) and Alkeon Capital Management LLC (1.31%). Company insiders that own BlackLine stock include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Institutional Ownership Trends for BlackLine.
Which major investors are selling BlackLine stock?
BL stock was sold by a variety of institutional investors in the last quarter, including ICONIQ Capital LLC, JPMorgan Chase & Co., Blair William & Co. IL, Franklin Resources Inc., Russell Investments Group Ltd., Pier Capital LLC, Citadel Advisors LLC and UBS Group AG. Company insiders that have sold BlackLine company stock in the last year include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Insider Buying and Selling for BlackLine.
Which major investors are buying BlackLine stock?
BL stock was acquired by a variety of institutional investors in the last quarter, including Alkeon Capital Management LLC, Thrivent Financial for Lutherans, OppenheimerFunds Inc., BlackRock Inc., Baillie Gifford & Co., Chicago Capital LLC, Northern Trust Corp and Artisan Partners Limited Partnership. View Insider Buying and Selling for BlackLine.
How do I buy shares of BlackLine?
Shares of BL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BlackLine's stock price today?
One share of BL stock can currently be purchased for approximately $46.90.
How big of a company is BlackLine?
BlackLine has a market capitalization of $2.57 billion and generates $177.03 million in revenue each year. The technology company earns $-38,060,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. BlackLine employs 740 workers across the globe.
How can I contact BlackLine?
BlackLine's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The technology company can be reached via phone at 818-223-9008 or via email at [email protected]
MarketBeat Community Rating for BlackLine (BL)
MarketBeat's community ratings are surveys of what our community members think about BlackLine and other stocks. Vote "Outperform" if you believe BL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BL will underperform the S&P 500 over the long term. You may vote once every thirty days.
