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Why Splunk (SPLK) Stock Is Rising In Pre-Market Trading Today

Stocks in this article: SPLK

NEW YORK (TheStreet) -- Shares of Splunk Inc. (SPLK) are higher by 6.67% to $48.31 in pre-market trading on Friday, after the company reported fiscal 2015 second quarter adjusted earnings of $1.2 million, or 1 cent per share.

Analysts polled by Thomson Reuters expected the data analytics software maker to post a loss of two cents per share for the quarter.

Splunk's total revenue grew by 52% to $101.5 million for the fiscal 2015 second quarter, which topped analysts' expectations of $93.93 million.

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The company issued full year fiscal 2015 revenue guidance of $423 million to $428 million, compared to its previous forecast of $402 million to $410 million.

Analysts are expecting revenue of $411.59 million for the year.

TheStreet Ratings team rates SPLUNK INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate SPLUNK INC (SPLK) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

You can view the full analysis from the report here: SPLK Ratings Report

SPLK Chart SPLK data by YCharts

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