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Fly News Breaks for May 26, 2017
SPLK
May 26, 2017 | 05:49 EDT
In a post-earnings research note titled "1QF18: Momentum Hiccup, European Misstep," Jefferies analyst John DiFucci says that while Splunk's Q1 exceeded expectations, current product billings growth moderated from recent levels primarily due to weakness in Europe. The analyst, however, believes Splunk remains "uniquely positioned" to drive long-term value for the stock. He keeps a Buy rating on the shares with an $81 price target.
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