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Fly News Breaks for March 4, 2016
SPLK
Mar 4, 2016 | 08:13 EDT
Macquarie analyst Sarah Hindlian initiated Splunk with an Outperform rating and $59 price target. The analyst believes concerns around Splunk's data-volume-based pricing are overblown, as checks suggest that Splunk's new lower-level entry pricing and cap on unlimited pricing in Enterprise Adoption Agreements for structured transactions are being well received by customers. Additionally, Hindlian said Splunk's capture of machine data sources, ease of deployment, powerful query language, and transparent pricing model, all combine to position the company for sustained revenue growth.
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