- Splunk, still a technology leader in machine data observability and analytics, has had a tough couple of years.
- One of the original Internet 2.0 rock stars, the company was slow to move its business model to subscription.
- The stock was hit hard when the company commenced its belated transition to subscription revenue.
- We believe the fundamentals have turned the corner, and see the CEO departure-induced drop as a compelling Buy opportunity.
- We own the stock in staff personal accounts and believe it can run to $350 within 18 months.
For further details see:
We Move To Buy On Splunk