Silver Spring Might Benefit More Than Splunk, Tableau
Growing demand means Big Data and enterprise software stocks Tableau Software (DATA) and Splunk (SPLK) should do well in the new year, advises Pacific Crest Securities, and that means Silver Spring Networks (SSNI), a Cisco Systems (CSCO) rival, ought to do great. That’s because “the multiyear shift to digital and rising Internet of Things (IoT) momentum” is driving Big Data analytics, Pacific Crest analyst Brent Bracelin said in a research note