New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:50 EDTSPLK, SPLK, INFA, INFA, FLTX, FLTX, PTC, PTCSplunk and Informatica favorite IoT plays at CLSA
CLSA expects market interest around Internet of Things, or IoT, plays to build and notes various sources forecast spending will be in the $300B-$500B range by 2020. The firm said IoT will enable cities, homes and cars to become platforms at the center of innovation and for both established firms and startups to have opportunities at every level of technology. The analyst's top picks in software are Splunk (SPLK) and Informatica (INFA) and also sees opportunities for fleet management apps firm Fleetmatics (FLTX) and Design software firm PTC (PTC).
Sign up for a free trial to see the rest of the stories you've been missing.
October 8, 2015
10:00 EDTPTCOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:30 EDTPTCPTC initiated with an Overweight at Pacific Crest
Subscribe for More Information
October 6, 2015
15:25 EDTSPLKAmazon cloud announcement unlikely to sink Splunk, analysts say
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.
08:53 EDTSPLKSplunk investor concerns over Amazon overblown, says William Blair
Subscribe for More Information
05:43 EDTSPLKAmazon launch not immediate threat to Splunk, says UBS
UBS analyst Brent Thill attributes yesterday's weakness in shares of Splunk (SPLK) to Amazon's (AMZN) launch of its own Elasticsearch Service, which on the surface looks competitive to Splunk's Cloud offering. After speaking with Splunk management, however, Thill views Amazon's launch as more of a "Wall Street headline risk" than an immediate competitive threat to Splunk's financials. Amazon's product seems more high-level and less solution-centric compared to Spunk, Thill tells investors in a research note titled "All Analytics Not Created Equal." Shares of Splunk closed yesterday down $1.06 to $55.30. Thill keeps a Buy rating on the name with a $76 price target.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use