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Fly News Breaks for August 22, 2019
SPLK
Aug 22, 2019 | 09:01 EDT
Credit Suisse analyst Brad Zelnick lowered his price target for Splunk to $150 from $160 after the company reported "strong" headline results but "quite surprisingly," fiscal year cash flow was "dramatically" cut due to timing/duration as invoicing shifts to annual terms. The analyst reiterates an Outperform rating on the shares.
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