Tableau is a decent product, but a decent product doesn't make a great company. Main issues are:
A) Its sales team sells it as an end-to-end analytics suite, but in nearly all actual implementations I've seen companies just use it for management to view a dashboard... essentially just a slightly fancier version of the Excel doc some analyst used to mail out
B) It's crazy expensive for what it is
C) If the company has actual data scientists onboard then those individuals can do far better analysis just using free open source tools
For the above reasons and more I've seen a lot of large companies that are far less excited by Tableau than they were a year or two ago. They've either halted larger roll outs that were planned or just moved away from the platform entirely. That leads to softer sales and slams the brakes on growth rates... hence why the stock has tanked. There's also the issue of valuation multiples against their financials which are also still frothy, even after the latest downward movement in the stock.
Those are excellent points. As an exploratory tool Tableau is well worth the money, but if you are just using it to replace some basic C-level reporting than its really expensive for that.
A) Its sales team sells it as an end-to-end analytics suite, but in nearly all actual implementations I've seen companies just use it for management to view a dashboard... essentially just a slightly fancier version of the Excel doc some analyst used to mail out
B) It's crazy expensive for what it is
C) If the company has actual data scientists onboard then those individuals can do far better analysis just using free open source tools
For the above reasons and more I've seen a lot of large companies that are far less excited by Tableau than they were a year or two ago. They've either halted larger roll outs that were planned or just moved away from the platform entirely. That leads to softer sales and slams the brakes on growth rates... hence why the stock has tanked. There's also the issue of valuation multiples against their financials which are also still frothy, even after the latest downward movement in the stock.