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Fly News Breaks for February 27, 2015
SPLK
Feb 27, 2015 | 05:55 EDT
Jefferies says Splunk's better than expected Q4 results are even better than they appear since a greater portion of license bookings were ratable versus recognized upfront. The firm notes Splunk's product billings accelerated to 53%, representing the strongest growth for the year against the most difficult comp. It raised its price target for the stock to $90 from $89 and keeps a Buy rating on the name.
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