BL up 9%. Here's why:

Blackline Inc (BL) is trading 9% higher at $75.39 today. While it's generally been a slightly pessimistic day for this part of the market, the company is flying high overhead it's peers in the Information Technology sector.

The company recently reported strong second-quarter results and shares of BlackLine have rallied modestly. Revenue growth accelerated to 26% y/y and the company's customer base grew nicely as well. The company appeals to investors as a strong value buy.

Blackline Inc has been trading between a 52-week high of $135 and a 52-week low of $49.66. The stock has a market cap of $4.5 Billion.

Companies come to BlackLine because their traditional manual accounting processes are not sustainable. BlackLine's cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.