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Posted by
Two Blokes Fri at 4:30 PM -
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Stock
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Despite a better-than-feared Q1 earnings print, BlackLine's growth, quality, and value metrics are concerning, leading me to reiterate a sell rating. BlackLine's guidance cut for FY25 reflects poor demand, with revenue growth expected to decelerate further amid a weak enterprise IT buying climate. At a 4.8x EV/FY25 revenue multiple, BlackLine's cheap valuation is still unattractive given its minimal growth and competitive pressures from larger software companies.
