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Fly News Breaks for August 19, 2016
SPLK
Aug 19, 2016 | 09:16 EDT
After speaking with resellers, Wedbush analyst Steve Koenig expects Splunk to deliver a "solid Q2 beat" and raise its revenue guidance. He says that the company is intensifying its focus on the cloud, and reports that resellers thinks that this strategy will enable it to test new features more quickly. Koenig believes that the company "looks poised" to deliver beat and raise results "for another year." He keeps an Outperform rating on the shares.
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