- rose petal Analyst Blair Abernethy rated Splunk Inc SPLK shares at Buy with a price target of $130.
- Splunk appointed Brian Roberts as CFO, effective immediately.
- On Sept. 26, Splunk announced that former CFO Jason Child resigned in early November to take on a different role. Softbank Group Corp SFTBY owned by a British chipmaker arm ltd appointed Splunk Inc SPLK Jason Child as the new CFO.
- Since then, Splunk has operated with an office of CFO, which includes the CEO and others.
- Roberts was previously the CFO of ozone networkspreviously CFO of Lyft, Inc LYFTand held senior positions Walmart Inc WMT and Evercore Inc EVR.
- The analyst sees Roberts’ appointment as an added plus for Splunk as it provides greater security and brings a fresh perspective to the leadership team as Splunk completes its model change.
- The analyst expects Splunk to show significant cash flow improvements over the next year.
- The analyst sees Splunk’s trading multiple at an attractive discount to its peers despite its fast-growing cloud business, and it’s nearing the end of its model shift.
- Price promotion: SPLK shares traded 0.93% lower at $92.23 on the last check Tuesday.
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