Barclays Maintains an 'Overweight' on Splunk (SPLK); Q1 Preview
Tweet Send to a FriendGet Alerts SPLK Hot Sheet
Price: $44.82 -0.13%
Rating Summary:
12 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
12 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade SPLK Now!
Barclays maintains an 'Overweight' on Splunk (NASDAQ: SPLK) price target of $40.00.
Analyst, Raimo Lenschow, said, "On May 31st, Splunk will be reporting Q1FY13 results, which is the first quarterly earnings report as a public company. Historical growth at Splunk has been exceptional and we and consensus are modeling a moderate deceleration in Q1, which we believe is a prudent starting point."
Lenschow doesn't expect the company's guidance (if any) to contain any drastic changes in the company's fundamental growth story. If Q1 is better than expected, Lenschow, doesn't think Splunk will issue aggressive guidance.
For an analyst ratings summary and ratings history on Splunk click here. For more ratings news on Splunk click here.
Shares of Splunk closed at $35.93 yesterday, with a 52 week range of $28.49-$37.34.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Raimo Lenschow, said, "On May 31st, Splunk will be reporting Q1FY13 results, which is the first quarterly earnings report as a public company. Historical growth at Splunk has been exceptional and we and consensus are modeling a moderate deceleration in Q1, which we believe is a prudent starting point."
Lenschow doesn't expect the company's guidance (if any) to contain any drastic changes in the company's fundamental growth story. If Q1 is better than expected, Lenschow, doesn't think Splunk will issue aggressive guidance.
For an analyst ratings summary and ratings history on Splunk click here. For more ratings news on Splunk click here.
Shares of Splunk closed at $35.93 yesterday, with a 52 week range of $28.49-$37.34.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
- Bulls and Bears Do Battle in Aeropostale (ARO); Turnaround Intact?
- Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Barclays, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
