Latest News

Morgan Stanley downgrades Splunk, says near-term issues overshadow strong growth


Doug Merritt, CEO, Splunk

Scott Mlyn | CNBC

Near-term headwinds will keep an anchor on Splunk‘s share price even as its revenue growth suggests the software company deserves a higher valuation, according to Morgan Stanley.

Analyst Keith Weiss downgraded the stock to equal weight from overweight on Tuesday, saying that Splunk faced several issues including competition and struggles to add large new customers in a hybrid-commuting world.

OPEC+ to meet Tuesday amid concern about rising virus cases

Previous article

Needham sees Uber rallying 30%, predicts creation of an Amazon Prime-like service for local delivery

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News