Markets

Looking for a Growth Stock? Why It is Time to Focus on Splunk (SPLK)

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Splunk Inc.SPLK . This firm, which is in the Internet - Software industry, saw EPS growth of 51.2% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 89.1%. Furthermore, the long-term growth rate is currently an impressive 28.4%, suggesting pretty good prospects for the long haul.

Splunk Inc. Price and Consensus

Splunk Inc. Price and Consensus | Splunk Inc. Quote

And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 7.3%. Thanks to this rise in earnings estimates, SPLK has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

So, if you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider SPLK. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for SPLK as well.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

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

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

In This Story

SPLK

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More