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Stay on the Sidelines With Splunk

If you are interested in Splunk (SPLK) I'd advise you to stay on the sidelines. Why? Let's start with for the year to date, shares, at around $53, are flat. The company reports its third quarter on Tuesday.

Shares of the machine intelligence firm reported a slowdown in license growth and a weak gross margin. Back in August, Splunk reported second-quarter earnings of 5 cents per share, 2 cents better than the consensus estimate. Revenue rose 43.5% to $212.8 million versus the $200.5 million estimate.

Second-quarter license...


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