) 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
Some better-ranked stocks in the application software industry
Constant Contact, Inc.
Tableau Software, Inc.
), both of which carry a Zacks Rank #2 (Buy). Another stock worth
considering in the broader sector is
Alliance Fiber Optic Products Inc.
), which carries a Zacks Rank #1 (Strong Buy).
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