Tag Archives: splk

Big Data Tech Providers Poised For Explosive Growth

The market for Big Data technology and services is expected to reach $32.4 billion in 2017, a new report says, a trend that will benefit companies such as Splunk (SPLK) and Tableau Software (DATA). The report, from IDC, said the Big Data market will grow at a compound annual rate of 27% through 2017, about six times the growth rate for the information technology market overall. “The Big Data technology and services market represents a fast-growing

Splunk Soars To High; ‘In Right Place At Right Time’

Splunk (SPLK) stock soared to an all-time high in the stock market today after Q3 earnings beat expectations, as did its Q4 guidance, as analysts rushed to hike their price targets on the stock. Splunk stock was up 23% in morning trading Friday, near 74, after the company late Thursday reported results that soundly beat analyst estimates, as did its revenue outlook for the current quarter, as IBD reported. Even before Friday, Splunk stock had more

Splunk Stock Jumps On Third-Quarter Earnings

Big Data continues to provide a spark for Splunk. The enterprise software maker late Thursday reported third-quarter results that beat analyst estimates as demand escalates for its analytics software, which helps companies better manage the growing reams of electronic information coming from websites, mobile devices and other sources. Splunk’s (SPLK) revenue forecast was also ahead of views. Shares jumped more than 9% in after-hours trading.