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Topeka Capital Starts Splunk (SPLK) at Buy

December 21, 2012 7:39 AM EST Send to a Friend
Get Alerts SPLK Hot Sheet
Price: $44.27 -5.85%

Rating Summary:
    20 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 43 | Down: 33 | New: 14
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Topeka Capital initiates coverage on Splunk (NASDAQ: SPLK) with a Buy. PT $38.25.

The firm comments, "Splunk is an emerging software platform vendor focused on turning machine data into realtime operational intelligence, which we believe represents an exciting play on the trend toward Big Data. Big Data remains in the early stages of development and most similar to the nascent stages of cloud computing a few years ago. Over the past four years, Splunk has grown sales by 91% per annum. We view Splunk as a high-risk, high-return stock that we believe has a disruptive technology platform that taps into the Big Data phenomenon. We believe Splunk represents one of the few pure plays on Big Data."

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 $29.11 yesterday.




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