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May 15, 2014
09:36 EDTSPLKSplunk mentioned positively at OTR Global
News For SPLK From The Last 14 Days
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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
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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.
September 24, 2015
07:44 EDTSPLKSplunk premium valuation defensible, says UBS
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September 23, 2015
07:36 EDTSPLKSplunk price target lowered to $75 from $83 at Canaccord
After attending Splunk's user conference this week and analyst session yesterday, Canaccord analyst Richard Davis Jr. said the company is still "best in class" in the big data sub-segment in which it operates with no signs of giving up that position. Following a 15% pullback since mid-August, Splunk shares are "comparatively inexpensive," the analyst told investors. Noting that the analyst day highlighted Splunk's continued investments in its product initiatives, Davis Jr. lowered his price target on the stock $75 from $83.
07:17 EDTSPLKSplunk tone 'decidedly positive' at analyst day, says William Blair
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