A shift towards cloud revenue streams is weighing on Splunk's billings and license growth. But it has a clear long-term payoff.
Barclays increased Splunk's (SPLK) stock price target to $56 this morning following yesterday's better-than-expected second-quarter results.
The Federal Reserve's second rate hike since the Great Recession could come as soon as next month.
Stocks remain in the red on Friday after Federal Reserve vice chairman Stanley Fischer raises the possibility of a September hike.