Like every other stock in the market, BlackLine (BL) saw its shares take a big hit in February and March, down nearly 40% from recent highs. However, as more companies started to implement work-from-home protocols, I believe investors turned on their bullish mindset and started to appreciate BlackLine’s services. BlackLine continues to be the leader in the rather underpenetrated accounting software market.
The company recently reported its FQ4 results, which showed strong momentum heading into its new fiscal year, and with revenue guidance of ~21% for FY20, I believe management was providing a