These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Splunk
SPLK-Nasdaq
Outperform • Price $77.68 on Nov. 30
by RBC Capital Markets
Splunk [which makes software that allows customers to, among other things, analyze data for decision-making] delivered a stable [fiscal-2023 third] quarter, with revenue and margin outperformance. Revenue of $930 million was up 40% [year over year], resulting in a 9.8% beat. Management noted that customers continue to see the value of the cloud, but are pacing migration to it.
Source: https://www.barrons.com/articles/why-splunk-stock-is-worth-a-look-51670024401?siteid=yhoof2&yptr=yahoo