Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Secular Tailwinds and Execution Continue to Drive Splunk Beat-and-Raise Cadence; Maintain FVE

Splunk reported another excellent quarter, delivering upside to consensus estimates as well as our expectations on both the top and bottom lines, as well as raising its full-year guidance. The confluence of execution and secular tailwinds continues to buoy the firm’s results, as enterprise systems generate more and more raw data, and leveraging this data becomes increasingly important to operational efficiency and competitive differentiation. We will maintain our no-moat rating for Splunk, as th...
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
Seth Sherwood

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