Splunk: CLSA Starts at Sell; Priced for Perfection
Posted on May 11, 2012 at 19:06 PM EDT
Enterprise software vendor Splunk (SPLK) have seen shares trade sideways since the stock went public on April 19th, closing down Friday by 43 cents, or 1.4%, at $31.36, still almost double the offer price but down 12% since the first day of trading. CLSA Asia-Pacific Markets‘s Ed Maguire today initiated coverage of the stock with [...]