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Fly News Breaks for April 13, 2016
SPLK
Apr 13, 2016 | 08:29 EDT
JMP Securities says that many investors have expressed concern about the impact of open source solutions on Splunk. However, the firm says that Elastic "is not fundamentally impacting Splunk's business." The firm remains upbeat on Splunk and keeps a $70 price target and Outperform rating on the stock.
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