Barclays Reiterates an 'Overweight' on Splunk (SPLK); Expecting More of the Same Plus Help From A Storm
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Price: $156.90 --0%
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Barclays reiterates an 'Overweight' on Splunk (NASDAQ: SPLK) price target of $40.00.
Analyst, Raimo Lenschow, said, "Splunk reported better-than-consensus Q2 results, coupled with a better Q3 and full-year guide vs. expectations. In particular, profitability was much better than expected which raises the likelihood of the company achieving break-even faster than previously modeled."
Lenschow also noted that the Splunk Storm is a strategic move, considering that many development projects are moving to the cloud these days, Storm should be a revenue driver over time.
FY13 EPS estimate raised from (0.09) to (0.06) and FY14 from (0.00) to (0.01)
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 $30.50 yesterday.
Analyst, Raimo Lenschow, said, "Splunk reported better-than-consensus Q2 results, coupled with a better Q3 and full-year guide vs. expectations. In particular, profitability was much better than expected which raises the likelihood of the company achieving break-even faster than previously modeled."
Lenschow also noted that the Splunk Storm is a strategic move, considering that many development projects are moving to the cloud these days, Storm should be a revenue driver over time.
FY13 EPS estimate raised from (0.09) to (0.06) and FY14 from (0.00) to (0.01)
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 $30.50 yesterday.
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