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Fly News Breaks for August 26, 2016
SPLK
Aug 26, 2016 | 08:02 EDT
Following a quarter beat, Oppenheimer analyst Shaul Eyal notes that Splunk saw "strong" cloud growth and says he continues to believe that the company is still in the early stages of its growth trajectory. Further, the analyst expects Splunk to maintain high revenue growth rates for several quarters to come. He reiterates an Outperform rating and $80 price target on the shares.
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