NEW YORK (TheStreet) -- Splunk (SPLK - Get Report) was up 6.45% to $48.21 in pre-market trading Friday after Barclays (BCS) increased its price target on the stock to $52, increased its estimates and set an "equal weight" rating.
The firm said the company is seeing higher licensing revenue.
Separately, 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 ReportSPLK data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.