Tableau And FireEye Just Disappointed Investors… Will Others Follow Suit?

August 3, 2015

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Tableau And FireEye Just Disappointed Investors… Will Others Follow Suit?

In a report published Monday, Wunderlich analyst Rob Breza commented on the Enterprise Software segment, noting that the earnings season kicked off with "strong fundamentals combined with low expectations" from Check Point Software Technologies Ltd. (NASDAQ: CHKP) and Fortinet Inc (NASDAQ: FTNT).

However, the momentum failed to carry over as "high investor expectations with not good enough results" were reported by Tableau Software Inc (NYSE: DATA) and FireEye Inc (NASDAQ: FEYE) last week.

Breza previewed his expectations and investor sentiment for the remaining names in the group set to report their quarterly results this week.

Qualys Inc (NASDAQ: QLYS) (reporting August 3, after market close) is expected to report an in-line revenue and earnings per share print of $40 million and $0.11 as "core vulnerability management remains a key component to enterprises understanding the current threat environment." The analyst also stated that his checks with partners and resellers indicated expansion of vulnerability management within existing accounts and continued uptake of new products.

Imperva Inc (NYSE: IMPV) (reporting August 6, after market close) is expected to report slight upside to revenue and earnings per share of $50.0 million and ($0.18), versus expectations of $48.5 million and ($0.21). The analyst attributed the potential upside due to "strong uptake" of the entire portfolio including Skyfence, Incapsula, and cloud solutions.

Hortonworks Inc (NASDAQ: HDP) (reporting August 5, after market close) is also expected to report upside to revenue and earnings per share of $24.2 million and ($0.78) versus expectations of $23.3 million and ($0.84). The potential beat could be attributed to new customer workloads as the company maintained its market leading position and competitive pricing.