Splunk, Inc. (SPLK) saw a big move in the last trading session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as the stock is now trading within the volatile price range of $95.50 to $84.57 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company, a provider of software solutions, has seen 8 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SPLK currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Investors interested in the Internet Software industry may consider better-ranked stocks like j2 Global, Inc. (JCOM), Model N, Inc. (MODN) and Constant Contact, Inc. (CTCT). While j2 and Model N hold a Zacks Rank #1 (Strong Buy), Constant Contact carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
SPLUNK INC (SPLK): Free Stock Analysis Report
J2 GLOBAL INC (JCOM): Free Stock Analysis Report
MODEL N INC (MODN): Free Stock Analysis Report
CONSTANT CONTACT INC (CTCT): Free Stock Analysis Report
Zacks Investment Research