SplunkInc (NASDAQ:SPLK) Announced Security Solutions

[Business Wire] SplunkInc (NASDAQ:SPLK) (TREND ANALYSISannounced it will demonstrate Caspida, the newly acquired behavioral analytics and machine learning software, at Black Hat USA 2015. Splunk security experts will also be demonstrating Splunk’s award winning security solutions, including Splunk® Enterprise, the Splunk App for Enterprise Security, Palo Alto Networks App for Splunk, FireEye App for Splunk and the Cisco Security Suite.

Additionally, Joseph Zadeh, data scientist, Splunk, will present, “From False Positives to Actionable Analysis: Behavioral Intrusion Detection, Machine Learning, and the SOC,” on Thursday, August 6 from 12:10-1:00 p.m. PT in the Mandalay Bay EF at the Mandalay Bay in Las Vegas. Zadeh is formerly of Caspida, which Splunk recently acquired to help customers better detect advanced and insider threats. Visit the Splunk booth (#347) to find out why Splunk was named a Leader in the 2015 Gartner SIEM Magic Quadrant and learn how Splunk’s machine data platform enables organizations to detect, respond to and prevent known, unknown and advanced threats.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

SplunkInc (NASDAQ:SPLK) stock is currently trading 11.11% below its 52-week-high, 67.8% above its 52-week-low. The 1-year stock price history is in the range of $40.71 – $76.85. SplunkInc (SPLK) has a price to book ratio of 10.67 versus Technology sector average of 2.77. SPLK stock price has outperformed the Nasdaq by 8.7%. The Internet Applications Software company is currently valued at $8.59 billion and its share price closed the last trading session at $68.31. The stock has a 50-day moving average of $70.91 and a 200-day moving average of $65.75.

SplunkInc (SPLK) current short interest stands at 9.98 million shares. It has increased by 8% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.72 million shares, the number of days required to cover the short positions stand at 5.9 days.

The company is expected to announce next quarter earnings on August 27, at consensus estimate of $-0.51. SplunkInc (SPLK) reported last quarter earnings on May 28. The Internet Applications Software company announced earnings per share of $-0.56 against a consensus Street estimate of $-0.49, missing estimate by $0.07. This corresponds to a decrease of $0.07 compared to the same quarter of the previous fiscal year.

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There are currently thirty-six analysts that cover SplunkInc stock. Of those thirty-six, thirty have a Buy rating, six have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $81.13.

A recent analyst activity consisted of RBC Capital who initiated their coverage on the stock with Outperform rating on July 17. RBC Capital fixed their price target at $85. This corresponds to a 24.43% upside from the last closing price. On the date of report, the stock closed at $72.88.

Oppenheimer reiterated their Outperform stance on May 29, and increased their price target on SPLK stock from $77 to $80. This corresponds to a 17.11% upside from the last closing price. On the date of report, the stock closed at $67.62.

Another research firm was Susquehanna who reiterated their Positive stance on May 29. Susquehanna increased their price target on SplunkInc from $82 to $84. This translates to a 22.97% upside from the last closing price. On the date of report, the stock closed at $67.62.

Company profile

Splunk Inc. develops web based application software. The Company provides software that collects, analyzes machine data generated by websites, applications, servers, networks, and mobile devices. Splunk serves customers worldwide.