BL

BlackLine

BL
NASDAQInformation Technology
$28.73
USD
+0.80(+2.86%)
At close: Jun 12, 20:00 UTC

Open

$28.70

Prev. Close

$28.63

High

$28.78

Low

$28.68

Market Snapshot

Market Cap

$1.71B

P/E Ratio

64.3

EPS

2.60

Revenue

$653.34M

Why BL moved

BlackLine achieved 9.7% revenue growth but is concerned about slowing customer additions, which may hinder its future growth prospects in the finance automation industry.

About

BlackLine, Inc. engages in providing a cloud-based software platform that automates and controls financial close and accounting processes. The company is headquartered in Woodland Hills, California and currently employs 1,850 full-time employees. The company went IPO on 2016-10-28. The firm's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified data, streamlined and optimized processes, and real-time insight through visibility, automation, and artificial intelligence (AI). Its cloud-based applications, powered by its BlackLine Studio360 Platform, include account reconciliations, transaction matching, task management, financial reporting analytics, journal entry, variance analysis, compliance, credit & risk management, collections management, electronic invoicing & payments, intercompany create, intercompany balance & resolve, and intercompany net & settle. Its BlackLine Studio360 Platform includes Studio360 Integrate, Studio360 Orchestrate, Studio360 Visualize, Studio360 Blueprint and Studio360 Control.

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