Splunk added to STI Next Wave Portfolio

As described in detail in today’s issue of Smart Tech Investor, we are adding Splunk (SPLK) to our Next Wave portfolio with a buy limit up to $67 and stop loss price of $53. I am adding Splunk to the portfolio because its solutions are increasingly being deployed across a variety of use cases— including traditional business intelligence (BI) functions—putting the company on a solid path to eventually reach $1 billion in annual revenue. The one caution flag with Splunk is the high valuation, which makes the stock extremely volatile.

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