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
Splunk (SPLK) late Thursday said Q4 earnings per share tripled, while revenue and revenue outlook also topped estimates in the latest upbeat report for Big Data firms. The data analytics firm earned 9 cents a share excluding various items, up from 3 cents a year earlier. Wall Street had expected 4 cents. Including items, Splunk lost 47 cents a share. Revenue climbed 48% to $147.4 million, also better than expected. Splunk said it added 600 new
Splunk (SPLK) got price target hikes from at least four investment banks after the data analytics software maker late Thursday beat with its Q3 earnings and Q4 guidance. Investors cheered the results. Splunk was up 8% in early trading in the stock market today, at a nearly eight-month high above 70. The stock is now up for the year after seeing shares plunge more than 60% from late February to early August during the tech stock selloff. The