Splunk Hits ‘Inflection Point,’ Stock Swings Wildly

By | February 27, 2015

Scalper1 News

Splunk (SPLK) got a bevy of stock price target hikes after its earnings and guidance beat, but the stock swung wildly in morning trading Friday. Brian White, an analyst with Cantor Fitzgerald, told IBD there was no fundamental reason for the stock to reverse to a decline, after an earnings report that got lavish praise from many investment banks. Splunk stock was near even in morning trading in the stock market today, near 69.50. Earlier, the Scalper1 News

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