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Fly News Breaks for February 24, 2017
SPLK
Feb 24, 2017 | 06:10 EDT
Jefferies analyst John DiFucci says that while Splunk "easily exceeded" all expectations for Q4 and its annual guidance was a bit better, the company's Q1 revenue guidance was well below expectations. DiFucci is not concerned by the Q1 outlook, citing Splunk's history of results relative to guidance and its "strong" momentum in the field. The analyst keeps a Buy rating on the shares with an $81 price target.
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