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Great product but this stock is getting way overbought now.
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I work at one of the largest government agencys. We are currently in process of getting rid of HP's Arcsight due to the cost and slow searching speeds. We are in the process of switching over the Splunk. Which is faster, cheaper, and more reliable.
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I'm an IT professional and this is the software we waant to use!
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The Big Data trend is here to stay. But only are few companies are really enabling others to get the most out of the data they're bringing in. Splunk is one of those companies.
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http://www.fool.com/investing/general/2012/09/20/is-splunk-heading-for-a-thunk.aspx
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Lou Grant: "You know somethin', kid. You got splunk."
Mary Richards: "Gosh, do you really think so, Mr. Grant?"
Lou Grant: "Yeah, I hate splunk!"
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Revenue increases from 18 Million in 2008 to projected 175 million in 2012
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SPLUNK is an indispensable tool for IT Teams of any software company. Facebook and Apple tried to mould open source software to mimic what it does, finally gave up and acquired licenses of splunk. Their licensing models are based on how much data you index. And lets face it, there is always more data and not less. So even existing customer end up buying a even bigger license over time. The tool is not cheap, but ROI is tremendous in the form of issue resolution and proactive trend alerts. Its THE big data company to own IMHO.
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This new IPO is currently near the line of being overpriced but has great growth potential in the future.
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Ahead of the curve here; don't believe the hype...
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