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Fly News Breaks for May 27, 2016
SPLK
May 27, 2016 | 05:47 EDT
Jefferies analyst John DiFucci says Splunk's business momentum "remains robust" after the company reported total billings growth of 54% in Q1 while the growth of Current Product Billings accelerated to 48% from 43%-46% in the four quarters last fiscal year. Splunk's results "comfortably exceeded expectations on all metrics," DiFucci tells investors in a post-earnings research note. He keeps a Buy rating on the shares with an $81 price target.
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