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Splunk Inc (SPLK): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Splunk (SPLK) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.9%. By the end of trading, Splunk rose $1.54 (3.4%) to $46.76 on heavy volume. Throughout the day, 2,788,321 shares of Splunk exchanged hands as compared to its average daily volume of 1,373,300 shares. The stock ranged in a price between $43.40-$47.11 after having opened the day at $44.05 as compared to the previous trading day's close of $45.22. Other companies within the Technology sector that increased today were: OmniVision Technologies (OVTI), up 19.2%, Giga-tronics (GIGA), up 14.3%, TigerLogic Corporation (TIGR), up 11.3% and LightPath Technologies (LPTH), up 10.3%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $4.7 billion and is part of the computer software & services industry. Shares are up 58.1% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Splunk a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.

On the negative front, Uni-pixel (UNXL), down 23.1%, Pixelworks (PXLW), down 14.5%, Renewable Energy Trade Board (EBOD), down 12.5% and Palo Alto Networks (PANW), down 10.8% , were all laggards within the technology sector with Texas Instruments (TXN) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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