Splunk Down Amid Mixed Thoughts By Analysts

After Splunk Inc.

released its first quarter earnings on Thursday, analysts responded Friday with their thoughts on the company. FBR- Outperform, $80 PT- Daniel Ives sees that while the market may respond in a negative initial reaction because the beat wasn't as large as expected by the street. With top line growth at 50 perecent year over year Ives sees Splunk ready to perform well in the future. Pacific Crest Securities-Outperform, $68 PT- Brendan Barnicle sees that Splunk's stong first quarter foundation lays the foundation for long-term growth for the company as a whole. Barclays-Equalweight, $51 PT- Raimo Lenschow is slighlty more cautious on Splunk as he sees that a dip in sales productivity may affect how bullish investors will be on the comapny. Splunk has been tanking in Friday's session in response to earnings and analysts views as it is down 17.28 percent to $41.39 at last checked trade.