real-time news and commentary for investors
Monday, May 14
2012, 10:42 AM
Splunk (SPLK +4.7%), which delivered a stellar IPO last month, is rallying on underwriter...
Splunk (SPLK +4.7%), which delivered a stellar IPO last month, is rallying on underwriter coverage day. Credit Suisse (Outperform) expects demand for Splunk's software to surge in tandem with the exponential growth being seen in unstructured enterprise data. Morgan Stanley (Neutral) is also intrigued by Splunk's status as a big data pure-play, but is worried about its steep valuation (15x estimated 2013 revenue).