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Fly News Breaks for May 16, 2019
SPLK
May 16, 2019 | 06:14 EDT
Piper Jaffray analyst Alex Zukin says his channel checks suggest a favorable start to Splunk's 2019, with security continuing to drive customer activity. The analyst sees a 5% beat when the company reports on May 23, in line with previous Q1's, and his research continues to suggest a "robust demand environment and solid fundamentals." He would be adding to positions in front of the quarter and reiterates an Overweight rating on Splunk shares with a $160 price target.
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