Splunk develops software solutions that allow various enterprises to gain access to real-time operational information. Its enterprise platform provides real-time data and tools for reporting, data collection, indexing, monitoring, and others. It also has its cloud service for machine data called the Splunk Cloud. It is not precisely an AI pure-play but has an array of offerings that make effective use of machine learning (one of the oldest forms of AI). Moreover, it continues to invest in its AI capabilities to improve the quality of its products. SPLK stock’s short-term weakness allows investors to pick up shares at a discounted price.
It was a relatively tough year for the company, but its long-term outlook looks outstanding. Its most recent quarter was weighed down by delays in a “handful of seven-and-eight-figure deals“. Hence, expect a much stronger 2021, powered an improved pipeline, newer products, and robust execution.
It was a relatively tough year for the company, but its long-term outlook looks outstanding. Its most recent quarter was weighed down by delays in a “handful of seven-and-eight-figure deals“. Hence, expect a much stronger 2021, powered an improved pipeline, newer products, and robust execution.