Strong Qtr Shows Splunk (SPLK) Still in Growth Mode, Oppenheimer Says

Splunk (SPLK) PT Raised to $84 at Summit Research

Summit Research analyst Srini Nandury reiterated a Buy rating and boosted his price target on Splunk (NASDAQ: SPLK) to $84.00 (from $65.00) following strong results.

Nandury commented, "As expected, Splunk beat consensus revenue by 9.5% ($10.0 million) and raised estimates again - the largest beat since its IPO. Splunk has now beaten the mid-point of guidance by an average of 9.2% during each of the last ten quarters or $6.7 million. Splunk's... More

Splunk (SPLK) Price Target Raised to $72 at Goldman Sachs; Analyst Maintains Neutral Rating

Goldman Sachs maintained a Neutral rating on Splunk (NASDAQ: SPLK) and raised its price target to $72.00 (from $65.00). The change follows strong Q3 results.

Analyst Greg Dunham said, "Despite Public sector and amplified security budgets driving the 11% license beat, we see Splunks strength in security persisting. IT... More

Splunk (SPLK) PT Lifted to $80 at Northland Capital Amid Strong Q3

Northland Capital Markets Outperform Splunk (NASDAQ: SPLK) price target of $80.00 (from $66.00) following strong Q3 results.

Analyst Tim Klasell commented, "SPLK released strong 3Q results, with the top-line of $116mn beating our expectations by $8.3mn, with continued momentum in deals above 100k... More

Splunk (SPLK) Price Target Raised to $75 at Deutsche Bank Following Solid Q3 Print

Deutsche Bank maintained a Buy rating on Splunk (NASDAQ: SPLK) and raised its price target to $75.00 (from $65.00). The change follows strong Q3 results.

Analyst Karl Keirstead said, "Heading into Splunks 3QF15 print, in our view buy side revenue expectations were $2 - $4m higher than our estimates of $110m (~6% above the high end of guidance).Splunk posted total revenues of $116 million, up 48% (no FX... More

UPDATE: Jefferies Starts Splunk (SPLK) at Buy

(Updated - November 21, 2014 8:57 AM EST)

Jefferies initiated coverage on Splunk (NASDAQ: SPLK) with a Buy rating and a price target of $89.00.

Analyst John DiFucci commented, "By enabling the analysis of machine data (as well as traditional structured data) at a... More

Splunk (SPLK) Tops Q3 EPS by 1c

Splunk (NASDAQ: SPLK) reported Q3 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $116 million versus the consensus estimate of $107.3 million.

Splunk sees Q4 2014 revenue of $135-137 million, versus the consensus of $133.3 million.

Splunk sees FY2014... More