BlackLine (BL) continues to be the leader in the rather underpenetrated accounting software market. The company reported another strong quarter with ~28% revenue growth, coming in ahead of expectations and guidance. The stock has traded up ~10% over the past few weeks since reporting earnings, however, I believe management will provide a solid 2020 revenue guidance during their upcoming quarter which could drive the stock even higher.
The company continues to trade at a premium multiple and rightfully so. During their recent analyst day, the company provided a long-term operating model which shows