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Blackline Inc.BLTOP PICKJun 10, 2020Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
EPS beat expectations of 47c coming in at 54c. Revenue also beat expectations of $155.12M coming in at $157.5M displaying growth of 13.3%. BL also upped its full year guidance for revenue and EPS which with the upper range better than expectations. BL added 13 customers in the first quarter for a total of 4,411 customers. The quarter and outlook were strong for BL and we would say it as a hold. The share price was under pressure recently as the company announced that it had privately issued a convertible senior note for $600M.
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