When shares of Big Data firm Splunk (Nasdaq: SPLK) crossed the $100 mark at the end of February, the company had just delivered its first $100 million quarter. That was more than 50% higher than a year earlier, helping to seemingly justify the company's market value, which had just exceeded $10 billion.
Analysts at FBN Securities noted that such a lofty valuation
"shows that the stock is not for the faint of heart," but they saw
another 15% upside to their $115 price target.
As it turns out, most have investors have lost heart. This stock has
plunged 40% to around $60 over the past five weeks. What was once seen
as an "own at any price" stock has quite suddenly become a "too hot to
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