Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Splunk Looking Increasingly Moaty, But Spectrum of Outcomes Still Too Broad

No-moat Splunk posted a stellar fiscal second quarter, outperforming guidance as well as our expectations on the top and bottom lines. Management raised full-year guidance, and shares traded as much as 10% higher during after-hours. Splunk offered evidence supporting its ability to deepen relationships with existing, as well as new, customers, which in turn has spurred increased usage. We see this theme as the highlight of the quarter. The firm's myriad touchpoints within enterprises corroborate...
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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