Splunk Kicks off Fiscal 2019 with Solid 1Q as Cloud, Security Drive Growth; Shares Fully Valued
Splunk reported first-quarter results that were in line with our expectations as the firm continues to execute well on its transition to cloud-based services and subscription-oriented contracts. Management offered a solid outlook for the balance of the year, and we remain confident in Splunk’s ability to expand its presence within the enterprise, resulting in our positive moat trend rating. We are maintaining our no-moat rating and our $97 fair value estimate. Shares continue to trade in 3-star ...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.
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.
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