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Is Bridgeline Digital a Good Tech Stock to Add to Your Portfolio? -Breaking

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© Reuters. Bridgeline Digital: Is it a great tech stock that you should add to your portfolio

While technology company Bridgeline Digital’s (BLIN) top line surged in its last reported quarter, the company’s losses widened. So, is it wise to add the stock to one’s portfolio based on the company’s consistent product and services innovation? Let’s discuss. Continue reading. Bridgeline Digital, Inc., located in Burlington, Mass., offers digital engagement services to more than 2,500 clients from over 100 countries. The company’s customers include Caterpillar Inc. (NYSE :), AstraZeneca PLC NASDAQ :, and CVS Healthcare Corporation (NYSE :). BLIN reported on July 2, 2021 that it received $2.50m in cash from warrant exercises. This brings its total cash to $6 million. Investors’ optimism surrounding this news may have helped the stock soar to its 52-week price high of $14.38 on July 6, 2021.

However, the stock has lost 21.8% in price over the past month and 51.4% over the past three months to close yesterday’s trading session at $2.66. The stock is now hovering close to its 52-week low price of $2.17. It was last seen on May 11, 2021.

BLIN is up against fierce competition in the digitally crowded space. In the third quarter, BLIN’s losses increased significantly. So, BLIN’s near-term prospects look bleak.

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