Should I Invest $1,000 In Splunk Inc. Now?
splunk Before you consider Splunk Inc., you need to listen to this.
Our award-winning team of analysts just revealed what they think are the top 10 stocks investors can buy right now…and Splunk Inc. isn’t one of them.
The online investment service they’ve operated for two decades, Motley Fool Stock Advisor, has outperformed the stock market three times.* And right now, they reason there are 10 best stocks to buy.
Splunk’s management said on its second-quarter earnings call that some of its customers have opted for shorter contracts, which likely explains why the company lowered its estimates for total annual recurring revenue and cloud revenue. Technology investors are particularly sensitive to perceived slowdowns in corporate growth these days.
given their ongoing concerns about high inflation and a slowing economy. That’s probably why some investors sold their Splunk shares on Thursday.
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