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Weakness seen in Splunk (SPLK): Stock Plunges 16.4% - Tale of the Tape

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Splunk, Inc. ( SPLK ) saw a big move in the last trading session, as the company's shares fell by over 16% on the day. The move came on pretty good 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 below the volatile price range of $43.60 to $54.87 in the past one-month time frame.

The software solutions provider has not seen any estimate revision over the past month, and the current year earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

SPLK currently holds a Zacks Rank #3 (Hold).

Investors interested in the Internet Software industry may consider better-ranked stocks like Cvent, Inc. ( CVT ), Support.com, Inc. ( SPRT ) and TeleCommunication Systems Inc. ( TSYS ), each carrying a Zacks Rank #1 (Strong Buy).

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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

CVENT INC (CVT): Free Stock Analysis Report

SUPPORT.COM INC (SPRT): Free Stock Analysis Report

TELECOMMUN SYS (TSYS): 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.


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

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