Splunk Launches New Versions of Analytics Products (NASDAQ:SPLK)

Splunk (NASDAQ:SPLK), a provider of software solutions, said Tuesday that it has launched new versions of Splunk Enterprise, Splunk IT Service Intelligence, Splunk Enterprise Security and Splunk User Behavior Analytics. The new versions leverage machine learning to make it faster and easier to maximize the value of machine data to organizations. Shares were marginally higher before midday.

The stock increased 1.93% or $1.11 during the last trading session, hitting $58.7. About 1.46M shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 60.47% since February 24, 2016 and is uptrending. It has outperformed by 48.55% the S&P500.

Splunk Inc. is a provider of software solutions. The company has a market cap of $7.77 billion. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It currently has negative earnings. It operates through the development and marketing of software solutions segment, which enables its clients to gain real-time operational intelligence by harnessing the value of their data.

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