This software solution provider has seen no estimate revisions in the last 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Splunk currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the Internet software industry may consider better-ranked stocks like j2 Global, Inc. (JCOM), Model N, Inc. (MODN) and Support.com, Inc. (SPRT). All three stocks sport a Zacks Rank #1 (Strong Buy).
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