UPDATE: Barclays Starts Splunk (SPLK) at Overweight; The First 'Next Generation' Vendor in Emerging Big Data Category
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Price: $156.90 --0%
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - May 21, 2012 12:26 PM EDT)
Barclays initiates coverage on Splunk (NASDAQ: SPLK) with an Overweight. PT $40.00.
Analyst, Raimo Lenschow, said, "The company offers a platform solution that enables customers to store and analyze machine data, a category of data that previously had been mostly ignored due to the huge volumes involved. The potential usage cases for Splunk's offering are very diverse and hence the true long-term addressable market could be much larger than currently discussed."
Lenschow also noted that SPLK has had a very successful IPO and the stock could see a short-term period of consolidation, but suggests investors use weakness to build positions.
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 $29.06 yesterday.
Barclays initiates coverage on Splunk (NASDAQ: SPLK) with an Overweight. PT $40.00.
Analyst, Raimo Lenschow, said, "The company offers a platform solution that enables customers to store and analyze machine data, a category of data that previously had been mostly ignored due to the huge volumes involved. The potential usage cases for Splunk's offering are very diverse and hence the true long-term addressable market could be much larger than currently discussed."
Lenschow also noted that SPLK has had a very successful IPO and the stock could see a short-term period of consolidation, but suggests investors use weakness to build positions.
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 $29.06 yesterday.
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