UPDATE: UBS Starts Splunk (SPLK) at Neutral; A Head Above The Competition in Big Data
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Price: $156.90 --0%
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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(Updated - May 14, 2012 12:59 PM EDT)
UBS initiates coverage on Splunk (NASDAQ: SPLK) with a Neutral. PT $33.00.
Analyst, Brent Thill, said, "SPLK has seen incredible success early in its history, with an 88% 3yr top line CAGR, positive operating cash flow and 3,700 paying customers, including the majority of the F100. SPLK's unique and easy to use Big Data platform makes it stand above the crowd in a fast growing multi billion dollar market. The biggest concern we have is that material upside in SPLK’s
multiple may be muted with investors speculating early on SPLK’s future success, driving SPLK’s multiple up to 14.7x CY13E EV/S, 89% above the public software company “game changers.”"
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 $31.36 yesterday.
UBS initiates coverage on Splunk (NASDAQ: SPLK) with a Neutral. PT $33.00.
Analyst, Brent Thill, said, "SPLK has seen incredible success early in its history, with an 88% 3yr top line CAGR, positive operating cash flow and 3,700 paying customers, including the majority of the F100. SPLK's unique and easy to use Big Data platform makes it stand above the crowd in a fast growing multi billion dollar market. The biggest concern we have is that material upside in SPLK’s
multiple may be muted with investors speculating early on SPLK’s future success, driving SPLK’s multiple up to 14.7x CY13E EV/S, 89% above the public software company “game changers.”"
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 $31.36 yesterday.
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