Start the conversation
Splunk (NASDAQ: SPLK) price today is up 5.21% from yesterday's close of $115.28 per share. This is following an upgrade from "Neutral" to "Buy" from BTIG Research.
What Is Splunk?
Splunk is an American company offering a platform for searching, analyzing and visualizing machine-generated data from the websites, applications, sensors and devices that make up the IT infrastructure of a business. Splunk enables quick answers to critical questions and provides actionable insights to keep business operations running smoothly.
Why Are Investors Interested in Splunk (SPLK) Stock?
Splunk (SPLK) is helping future-proof business's digital customer experience with a platform that can bring apps to market faster, deliver dynamic experiences, and detect security threats while maintaining compliance and data privacy. And with the cloud-driven transformations becoming increasingly critical for modern businesses, Splunk's ability to help companies transition to multi-cloud and hybrid strategies is likely to remain as a sought after service. Currently, 92 of the Fortune 100 companies use Splunk. Will the company maintain its leadership status as digital transformation technologies continue to develop? Time will tell!
Splunk Is Only the Beginning
Are you here for the first time and looking for other exciting stocks to buy? Explore the rest of Money Morning, sign up for our newsletter for our top stock picks, and catch Money Morning Live for the latest commentary and live trading ideas.