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Published: Sat, August 27, 2016
Economy | By Melissa Porter

Analysts Observable Stocks: Twilio, Inc. (NYSE:TWLO) , Splunk Inc. (NASDAQ:SPLK)

Analysts Observable Stocks: Twilio, Inc. (NYSE:TWLO) , Splunk Inc. (NASDAQ:SPLK)

The share price is now at 56.83% for the past six months. The company's shares are expected to remain under pressure until metrics growth normalizes. Also, CFO David F. Conte sold 10,575 shares of the company's stock in a transaction that occurred on Friday, August 12th. The disclosure for this sale can be found here.

Analysts projected the maximum potential price target of $50 however minimum reachable price target is $32 expected by them, according to WSJ data. The Company's offerings enable users to collect, index, search, explore, monitor and analyze data. Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to "Outperform", Firm has raised the Price Target to $ 70 from a previous price target of $60.Company shares were Reiterated by Wedbush on Aug 19, 2016 to "Outperform", Firm has raised the Price Target to $ 70 from a previous price target of $60.Company shares were Reiterated by Maxim Group on Jul 21, 2016 to "Buy", Firm has raised the Price Target to $ 84 from a previous price target of $75. The company's recent products include the Splunk APP for AWS 4.2 for management of multiple Amazon Web Services accounts. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have given a buy rating to the stock.

Raymond James has an Outperform rating and raised its price target to $67 from $65.

IBD'S TAKE: Since touching a three-year low of 29.85 on February 11, Splunk stock had almost doubled and was forming the right side of a deep cup prior to Friday's fall. The stock is now trading up its SMA 50 of $44.98. Specifically, cloud bookings almost doubled over the prior year, came in more than 2x ahead of management's internal plan, and included 4 of the company's top 10 deals (with each cloud deal in the seven-figures). The stock's price moved down its 200-day moving average of $137.76. The one year high of the company is $66.90 and the one year low is $29.85.

Splunk (SPLK) reported second quarter non-GAAP EPS of $0.05 after the close Thursday. And though we don't pay much attention to Wall Street's demands, analysts' consensus estimates predicted that Splunk would deliver revenue of $200.5 million and adjusted earnings of just $0.03 per share. So, there is no clear reason for the sell-off; however, it's quite similar to what happened during the last earnings release: shares slid 6% in after-hours only to post a gain in the following trading session.

Revenue rose 43% to $212.8 million, as guidance for the year ending in January 2017 was increased to $910 million to $914 million from a May estimate of $892 million to $896 million. On average, equities research analysts predict that Splunk will post $0.28 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC now owns 2,367 shares of the software company's stock valued at $128,000 after buying an additional 123 shares during the period.

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