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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continued turmoil across the globe, today the top trends forecaster in
the world warned King World News that a disastrous event is going to
shock the world. Gerald Celente also predicted that the Fed is going to
use this disaster for its own benefit. Below is what Gerald Celente,
founder of Trends Research and the man considered to be the top trends
forecaster in the world, had to say in this powerful interview.
Celente: “There is going to be a Lehman Brothers moment. …The
Federal Reserve has given banks two more years to get rid of their risky
loans, so the gambling has just heated up. That’s all this is is
gambling, and the wrong house is going to make the wrong bet….
Continue Reading at KingWorldNews.com…