![]() Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. To learn more about Splunk’s Observability solutions, please visit here. To learn more about Splunk’s recognition as a Leader in the 2023 Gartner® Magic Quadrant™ for APM and Observability, please visit here. ![]() Splunk is recognized in the Leaders quadrant in the report for the first time. The Gartner® Magic Quadrant™ analyzes vendors on the ability to execute and completeness of vision. Gartner defines the APM and Observability market as software that enables the observation and analysis of application health, performance and user experience. “We’re honored by this recognition, and believe it affirms our commitment to deliver observability solutions that are OpenTelemetry-native and provide full-stack visibility, so customers can resolve issues quickly and more effectively.” “Our customers seek complete business visibility across any environment and stack, full data control and flexible consumption and faster detection and root cause analysis to resolve problems faster,” said Spiros Xanthos, SVP and GM of Splunk Observability. This recognition follows Splunk’s ninth consecutive recognition as a Leader in the 2022 Gartner® Magic Quadrant™ for Security Information and Event Management, positioning Splunk as a vendor recognized by Gartner in both reports. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced it has been named a Leader in 2023 Gartner® Magic Quadrant™ for Application Performance Monitoring (APM) and Observability. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.SAN FRANCISCO – J– Splunk Inc. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. ![]() Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. If you are no longer interested in Splunk, you can use our free platform to see our list of over 50 other stocks with a high growth potential. What does the future of Splunk look like? If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. This is because Splunk’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. ![]() Although, there may be another chance to buy again in the future. According to my valuation, the intrinsic value for the stock is $160.75, but it is currently trading at US$104 on the share market, meaning that there is still an opportunity to buy now. Great news for investors – Splunk is still trading at a fairly cheap price. See our latest analysis for Splunk What Is Splunk Worth? However, what if the stock is still a bargain? Let’s take a look at Splunk’s outlook and value based on the most recent financial data to see if the opportunity still exists. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. The company's shares led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. ![]()
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