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Fly News Breaks for February 24, 2017
SPLK
Feb 24, 2017 | 08:17 EDT
RBC Capital analyst Matthew Hedberg thinks that Splunk's Q4 results had "many positives" and "few negatives." He says that the overall results were "very strong," and he blames the stock's decline on the Street's failure to accurately predict the mix between the company's 1H17 and 2H17 results. Hedberg says that Splunk "remains a disruptive asset," and he keeps a $70 price target and an Outperform rating on the shares.
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