SPLK Splunk Q4 results even better than they appear, says Jefferies Jefferies says Splunk's better than expected Q4 results are even better than they appear since a greater portion of license bookings were ratable versus recognized upfront. The firm notes Splunk's product billings accelerated to 53%, representing the strongest growth for the year against the most difficult comp. It raised its price target for the stock to $90 from $89 and keeps a Buy rating on the name
To follow my postings on ihub use this link : Ihub person mark Feedback is allways appreciated, as are other (annotated) picks Twitter: @RTNRTN
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.