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Fly News Breaks for August 26, 2016
SPLK
Aug 26, 2016 | 07:14 EDT
Jefferies analyst John DiFucci said Splunk reported strong headline results and raised its guidance, adding that anecdotal evidence points to "significant winds at this company's back," though he acknowledges that it is hard to measure its momentum given the "financial acrobatics required" due to the company's "cloudy math." The analyst thinks that Splunk's new business grew greater than 36%, but it's "unclear how much greater," he tells investors in a post-earnings research note. DiFucci keeps an $81 price target and Buy rating on Splunk shares, which are down about 8% to $60.10 in pre-market trading.
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