missing their own targets because of poor business organization doesn't exactly makes the case for their software stringer
actually the Q3 results came in very mixed with the US pretty good and the rest of the world abysmal which in my view just points to huge execution issues as soon as QLIK tries to sell their software abroad - or their products just don't reasonate as well with foreign customers.
management delivering cryptic explanations about "a better nurturing of early stage deals" clearly doesn't make things better. Last quarter already was disappointing but analysts still stood with the company at that time.
This time some of them might chose to step to the sidelines except for the idiot from Pacific Crest who still wouldn't downgrade the stock when the company would file for chapter 11.
Management still beating around the bush here instead of being straightforward with the issues dragging down the company. Expect 2014 guidance to be MUCH weaker than current estimates. The inability to sell their products abroad doesn't bode well for the upcoming new product cycle. Would prepare for ongoing disappointments and sell the stock NOW - it won't get better for the next few quarters.