MARKET COMPOSITE
BL - BlackLine Inc8:00:00 PM 4/25/2024
Price
$58.89
-1.04 (-1.74%)
Blackline is an American enterprise software company that develops cloud-based services designed to automate and control the entire financial close process. The Los Angeles-based company has 11 offices worldwide. BlackLine was founded in 2001 by Therese Tucker, a former CTO at SunGard Treasury Systems. The initial goal was to help customers replace their use of Excel with a suite of accounting software.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue155.7MM+3%
Gross Profit118.1MM+4%
Cost Of Revenue37.6MM+2%
Operating Income12.8MM-1293%
Operating Expenses105.3MM-
Net Income22.1MM+85%
R&D22.6MM-16%
G&A--
Marketing56.9MM-8%
Interest Expense1.5MM-0%
Stock Chart

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Stock news

    BlackLine, Inc. (Nasdaq: BL) has announced the winners of its 2023 global and regional partner awards, with Deloitte and Genpact honored as 'Global Partners of the Year' and Capgemini, Deloitte, and EY all earning 'Global Consulting Alliance' accolades. The annual awards program recognizes partners that excel at collaborating with the BlackLine team and help drive lasting customer value with BlackLine solutions across the globe.

    LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2024 after market close on Tuesday, May 7, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine’s investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in d

    Shares of accounting automation software maker Blackline (NASDAQ:BL) jumped 5.2% in the morning session after Piper Sandler analyst upgraded the stock's rating from Underweight (Sell) to Neutral and raised the price target from $55 to $62. The analyst highlighted improving cloud fundamentals at Blackline's partner, SAP (NYSE:SAP), adding, "The acceleration in current cloud backlog growth to 28% (vs. 27% last quarter) on a €3B ($3.2B) year-over-year increase suggests demand fundamentals for SAP c

    Let's dig into the relative performance of BlackLine (NASDAQ:BL) and its peers as we unravel the now-completed Q4 finance and HR software earnings season.

    Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) announced today that cloud software engineering veteran Jeremy Ung has joined the company as Chief Technology Officer (CTO), effective April 15th. As CTO, Ung will guide the technology direction of BlackLine's market-leading cloud platform as the company continues to capitalize on the growing worldwide demand for solutions that drive greater automation, efficiency, financial governance, and risk management for the Office of the C

    While it may not be enough for some shareholders, we think it is good to see the BlackLine, Inc. ( NASDAQ:BL ) share...

    As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the finance and HR software industry, including Marqeta (NASDAQ:MQ) and its peers.

    Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) continues to build upon its long history of pioneering new markets and developing innovative solutions with the introduction of Journals Risk Analyser – adding AI-powered capabilities to the company's market-leading solutions for the Office of the CFO. Developed in partnership with customers, Journals Risk Analyser uses generative AI to provide key trends, insights, and anomaly detection associated with journal entries, empowerin

    Alphabet's (GOOGL) Google unveils new features and updates to the Pixel Watch series, bolstering its smartwatch offerings.

    Underestimated stocks present a tricky narrative. On one hand, it’s always possible to find hidden gems that the Wall Street suits ignored. But on the other hand, those moments are relatively rare. After all, these folks are paid to find such opportunities. Usually, they do a good job. Nevertheless, humans are humans – even the smartest and most educated iterations. And that means they make mistakes or overlook certain ideas. Further, everybody has their own bias and that slanted mentality could