Tableau (DATA) continues to set new highs as the business is firing on all cylinders. Following a big rally in 2018, the stock has now pulled back despite meeting expectations and setting a solid guidance.
As the company transitions into a purely subscription-based business, revenue growth has substantially decelerated as it negatively impacts top-line sales in the short term. Tableau is following other tech companies who have already successfully completed that transition, such as Adobe (ADBE) and Cisco Systems (CSCO) and thus weaker short-term revenue growth