Splunk, Inc. (SPLK) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 24.71% in the past one-month time frame.
This Internet software stock witnessed 8 downward revisions over the past 60 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Splunk carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.
However some better-ranked stocks in the industry include Constant Contact, Inc. (CTCT), F5 Networks, Inc. (FFIV) and FireEye, Inc. (FEYE). All these stocks carry 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
CONSTANT CONTACT INC (CTCT): Free Stock Analysis Report
F5 NETWORKS INC (FFIV): Free Stock Analysis Report
FIREEYE INC (FEYE): Free Stock Analysis Report
Zacks Investment Research
- Finance Trading
- Personal Investing Ideas & Strategies