Splunk (SPLK) in Focus: Stock Moves 22.8% Higher - Tale of the Tape

By Zacks Equity Research,

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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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ALLIANCE FIBER (AFOP): Free Stock Analysis Report

CONSTANT CONTAC (CTCT): Free Stock Analysis Report

TABLEAU SOFTWAR (DATA): Free Stock Analysis Report

SPLUNK INC (SPLK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: AFOP , CTCT , DATA , SPLK

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