Can Splunk Turn its Business Around? SPLK Stock Analysis

Splunk (SPLK) is on the mend as its Q3 report shows that cloud transition is progressing. It's been an eventful month for big data company Splunk, which has seen its CEO unexpectedly resign and its stock price plunge by over 30%. Today, however, the gloominess has vanished -- at least for the time being -- following the company's q3 earnings report. Although Splunk registered a loss for the seventh time in the past eight quarters, its loss per share of $(0.37) comfortably eclipsed analysts' expectations by $0.16. However, there is a key caveat regarding its bottom-line outperformance.

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