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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 07:37 EDT
Raymond James analyst Michael Turits lowered the firm's price target on Splunk to $179 from $199 and keeps an Outperform rating on the shares following the company's Q4 earnings report. With a faster than expected shift from term to cloud projected into next year and beyond, Splunk guided FY21 revenue and EBIT below the Street, Turits tells investors in a research note, saying he attributes most of the shortfall to the mix shift.
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