Splunk (SPLK) Tops Q3 EPS by 1c; Boosts FY13 Sales Outlook

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Splunk-Like: Adjective For Tech Company That Can Bull Through IT Budget Malaise (SPLK)

November 30, 2012 10:09 AM EST

Needham & Company maintained a Buy rating on Splunk (NASDAQ: SPLK) but cut its price target to $36.00 (from $42.00). Yesterday Splunk reported Q3 EPS that topped views by 1 cent.

Commenting on the results, analyst Scott Zeller said, "The Oct. results for Splunk were strong,... More