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UPDATE: Credit Suisse Reinstates Splunk at Outperform with $40 PT

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Earnings Scheduled For May 26, 2016
Drexel Hamilton's Brian White Expecting A Strong Quarter Out Of Splunk
Notable earnings after Thursday's close (Seeking Alpha)

Credit Suisse resumed its coverage on Splunk (NASDAQ: SPLK) with an Outperform rating and a price target of $50.

Credit Suisse noted, "We believe that Splunk's disruptive technology, combined with the massive market opportunity and the early-stage adoption of Big Data technologies, position Splunk for significant, sustained revenue growth. Furthermore, we continue to view Splunk as well positioned to establish itself as a unified platform for real-time and batch data analysis, including a single UI for search, analysis, visualization, and the creation of custom reports and applications on top of both Splunk's core data engine as well as data in Hadoop, Cassandra, etc."

Splunk closed at $29.16 on Monday.

Latest Ratings for SPLK

DateFirmActionFromTo
May 2016MKM PartnersInitiates Coverage onNeutral
Apr 2016MacquarieInitiates Coverage onOutperform
Mar 2016MacquarieInitiates Coverage onOutperform

View More Analyst Ratings for SPLK
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Posted-In: Credit SuisseAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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