Splunk (SPLK) in Focus: Stock Moves 22.8% Higher - Tale of the Tape
November 25 2013 - 9:04AM
Zacks
Splunk, Inc. (SPLK)
was a big mover last session, as the company saw its shares rise by
nearly 23% on the day. The move came on solid volume too with far
more shares changing hands than in a normal session. This breaks
the recent trend of the company, as the stock is now trading above
the volatile price range of $59.90 to $63.98 in the past one-month
time frame.
Despite one positive estimate revision, the Zacks Consensus
Estimate of this technology stock has moved down over the last
30-day time frame, indicating trouble down the road. Friday’s price
action is encouraging though, so make sure to keep a close watch on
this firm in the near future.
Splunk currently has a Zacks Rank #3 (Hold) while its Earnings ESP
is negative.
Some better-ranked stocks in the application software industry
include Constant Contact, Inc. (CTCT) and
Tableau Software, Inc. (DATA), both of which carry
a Zacks Rank #2 (Buy). Another stock worth considering in the
broader sector is Alliance Fiber Optic Products
Inc. (AFOP), which carries a Zacks Rank #1 (Strong
Buy).
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SPLUNK INC (SPLK): Free Stock Analysis Report
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