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Splunk (SPLK -4%) dives after hedge fund manager Zack Buckley makes a short case for the company...
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Monday, October 1, 2012, 1:48 PM ETSplunk (SPLK -4%) dives after hedge fund manager Zack Buckley makes a short case for the company at the Value Investing Congress. Buckley argues Splunk, the clear leader in the growing machine data software market, has an undifferentiated product and low recurring revenue, and faces tough competition from IT giants. Drexel Hamilton raised the issue of competition in May, though most analysts criticizing Splunk have chosen to focus on its valuation.
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