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May 27, 2014
08:57 EDTSPLKSplunk should report better than expected Q1 results, says Pacific Crest
Pacific Crest predicts that Splunk will grow at a year-over-year rate above 25% over the long-term. The firm cut its price target on the shares to $68 from $107 but keeps an Outperform rating on the stock.
News For SPLK From The Last 14 Days
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October 6, 2015
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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