Barclays Maintains an 'Overweight' on Splunk (SPLK); Q1 Preview
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Price: $156.90 --0%
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 12
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 12
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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.
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.
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