Mizuho Securities Initiates Coverage on Splunk Inc to Neutral

Mizuho Securities Initiates Coverage on Splunk Inc(NASDAQ:SPLK). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Sep 21, 2016.

In a different note, Summit Redstone Partners said it Initiates Coverage on Splunk Inc, according to a research note issued on Sep 6, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 26, 2016, Stifel Nicolaus said it Downgrades its rating on Splunk Inc. The shares have been rated ‘Hold’ by the firm. On Aug 26, 2016, Barclays said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 26, 2016, Citigroup said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, Baird said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 26, 2016, Canaccord Genuity said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm.

Splunk Inc (SPLK) shares turned negative on Tuesdays trading session with the shares closing down -0.45 points or -0.77% at a volume of 8,23,648. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.61. The peak price level was also seen at $59.61 while the days lowest was $58.114. Finally the shares closed at $58.37. The 52-week high of the shares is $66.9 while the 52-week low is $29.85. According to the latest information available, the market cap of the company is $7,853 M.

Splunk Inc(SPLK) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $212.75M. Analysts had an estimated revenue of $200.55M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Godfrey Sullivan (director) sold 128,750 shares at $59.12 per share price.Also, On Sep 14, 2016, Leonard R Stein (SVP, General Counsel & Sec.) sold 3,435 shares at $58.87 per share price.On Sep 14, 2016, Douglas Merritt (President and CEO) sold 6,155 shares at $58.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Company’s products allow users to collect index search explore monitor and analyze data regardless of format or source. The Company’s products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Company’s flagship product is Splunk Enterprise which is a machine data engine consisting of collection indexing search reporting analysis alerting and monitoring and data management capabilities. The Company’s Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition the Company offers user behavioral analytics to help detect respond to and mitigate advanced hidden and insider threats.

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