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Fly News Breaks for March 2, 2017
SPLK
Mar 2, 2017 | 06:57 EDT
Bernstein analyst Mark Moerdler initiated Splunk with an Outperform and a $72 price target saying the company has become one of the leaders in the growing field of big data analytics, and allows customers to gain "operational insight" into their IT infrastructure, security environment, and business overall. Moerdler believes Splunk's large TAM and differentiated product will lead to sustained revenue growth above consensus and sees long-term margin expansion opportunities driven by Cloud and S&M and R&D leverage.
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