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Splunk (SPLK) stock is under selling pressure lately, mostly due to a negative reaction from investors to the company's most recent earnings report. The company is growing at full speed but cash flows are disappointing because Splunk is transitioning towards a business model more focused on recurring revenue, which has negative implications on cash flow generation in the short term.
Over the long term, however, management is leading the company in the right direction, and temporary weakness seems to be presenting a buying opportunity for investors in Splunk.