BlackLine (BL) continues to remain the leader in the relatively small and underappreciated accounting software market. They reported another solid quarter of earnings with guidance somewhat better than expected. BL continues to demonstrate why they deserve to trade at a premium multiple compared to other market leading software providers. Not too long ago, their analyst day reinforced their long-term potential as management remains very confident in the underlying trends of the business.
I wrote a more in-depth article going over BL's investment thesis and reasons why this is a long-term