BlackLine (BL) shares gained 33% in the last six months, outperforming the Zacks Computer & Technology sector’s appreciation of 6% and the Zacks Internet - Software industry’s return of 13.5%.BL’s exceptional performance can be attributed to its innovative financial automation solutions, strong partnerships and a rapidly growing global client base.BL’s Earnings Estimate Trend SteadyFor the fourth quarter of 2024, BlackLine expects total GAAP revenues to be in the range of $167 million to $169 million. Non-G ...

My previous investment thought on BlackLine (NASDAQ: BL ) (published on 11th July) was a buy rating because valuation was cheap, and I expected the business to easily achieve low-teens growth. Since then, BL's share price hasI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-t ...

LOS ANGELES, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ: BL), the future-ready platform for the Office of the CFO, today announced its designation as a Leader in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment (doc #US51740924, December 2024). The IDC MarketScape report highlights the growing importance of automating Accounts Receivable (AR) as a critical component of end-to-end invoice-to-cash operations, improving accuracy and d ...

A downtrend has been apparent in BlackLine (BL) lately. While the stock has lost 6.2% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock ...

LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today unveiled The BlackLine Studio360 Platform, a groundbreaking advancement in digital finance transformation that empowers finance and accounting professionals with the capabilities needed to navigate today’s dynamic business landscape. Designed to support the entire Office of the CFO, Studio360 unifies financial operations at scale, streamlining processes and delivering actionable ...

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, has been recognized as the Most Innovative FinTech Solution by the 2024 Tech Ascension Awards. This prestigious award celebrates BlackLine’s commitment to delivering cutting-edge solutions that empower Finance and Accounting teams worldwide to achieve accurate, efficient, and intelligent financial operations. The 2024 Tech Ascension Awards evaluated companies based on their ability to ...

LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the appointment of Philippe Omer Decugis as Senior Vice President and General Manager for Europe. With over 20 years of experience in technology and financial services, Philippe will lead BlackLine's European operations, bringing his deep expertise to accelerate growth, foster innovation, and enhance customer success throughout the region. Philippe’s proven leadership a ...

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will host its upcoming Investor Day on November 19th, 2024 in Orlando, FL at 1:00pm ET. The event will feature presentations by senior executives, who will provide an update on the company’s strategy, innovation and financials. A live webcast and replay will be accessible on BlackLine’s investor relations website at https://investors.blackline.com/. About BlackLine BlackLine (Nasdaq: BL), the future-ready pla ...

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its sixth year, the global awards program celebrates visionary customers who have revolutionized their finance and accounting practices, achieving transformational outcomes by leveraging BlackLine’s innovative solutions. This year's winners, hailing from diverse industries and regions, have demonstrated outstandin ...

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its sixth year, the global awards program celebrates visionary customers who have revolutionized their finance and accounting practices, achieving transformational outcomes by leveraging BlackLine’s innovative solutions. This year's winners, hailing from diverse industries and regions, have demonstrated outstandin ...