Splunk (SPLK) is a big-data analytics software play that's fallen drastically out of favor in recent years. It went through a painful revenue recognition transition, making it harder for investors and analysts to interpret how the firm has been doing. Undoubtedly, the company's transition to a subscription-based cloud data monitoring model has made Splunk's quarterly results somewhat weaker than they actually were. Management did make this clear to investors. Yet, Splunk remains something of a question mark as far as cloud companies go. After yet another rocky year for Splunk stock, and a valuation that looks ever so tempting, I remain neutral on the name.
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Splunk (NASDAQ:SPLK)
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