New Research Note – Splunk ($SPLK)

We just published a short research note on one of the more interesting technology deals scheduled to price this week. Splunk is exploiting the massive growth in machine-generated data and unstructured information by going after low level logfile data to help organizations understand what is going on in their business.

So far investors have been positive and the proposed range was moved up today from $8-10 to $11-13. Unfortunately that puts the price above our IV but given the enthusiasm for IT software deals of late this one can certainly do well. We note the strong performances . . .

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