Splunk Inc (SPLK)

[DarthYoshi!!]

Splunk Has Never Been A Better Bargain

Jun. 30, 2022

Summary

Shares of Splunk look incredibly attractive at a ~5x forward revenue multiple, after losing 20% of its value year to date.
The company continues to achieve stellar >30% y/y revenue growth, driven by the maturity in its cloud transition.
Gross margins and operating margins are also trending upward, and the company just boosted its full-year outlook.
Splunk plays in a massive $100 billion TAM and has a history of strong execution, especially with its new CEO who used to lead sales.

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