Splunk, Inc. (SPLK) was a big mover last session, as the company saw its shares rise by nearly 23% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $59.90 to $63.98 in the past one-month time frame.
Despite one positive estimate revision, the Zacks Consensus Estimate of this technology stock has moved down over the last 30-day time frame, indicating trouble down the road. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Splunk currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the application software industry include Constant Contact, Inc. (CTCT) and Tableau Software, Inc. (DATA), both of which carry a Zacks Rank #2 (Buy). Another stock worth considering in the broader sector is Alliance Fiber Optic Products Inc. (AFOP), which carries a Zacks Rank #1 (Strong Buy).
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SPLUNK INC (SPLK): Free Stock Analysis Report
(CTCT): Free Stock Analysis Report
TABLEAU SOFTWARE INC (DATA): Free Stock Analysis Report
ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report
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