Report
Rodney Nelson
EUR 98.48 For Business Accounts Only

Splunk Kicks off 2017 on Solid Note with Strong First-Quarter Results; Maintaining $67 FVE

Splunk’s first-quarter results were modestly ahead of our expectations, as the firm continues to see strong growth in cloud-based sales. The company is making progress on improving its operating leverage via sales and marketing, though the firm still has material ground to cover to reach our long-term margin targets. We continue to think Splunk’s versatile analytics platform will drive outsize growth, but we still see challenges in the business model that prevent us from awarding the firm an eco...
Underlying
Splunk Inc.

Splunk provides software solutions that enable users to investigate, monitor, analyze and act on machine data. The company's main product is Splunk Enterprise, a machine data platform, comprised of collection, indexing, search, reporting, analysis, alerting, monitoring and data management capabilities. The company's Splunk Cloud delivers the capabilities of Splunk Enterprise as a service, while Splunk Light provides log search and analysis for information technology environments. The company also provides services that include maintenance and customer support, training services to its customers and channel partners, as well as consulting and implementation services to customers through its services team.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

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