Splunk - a short guideline for recent drop on prices

 

Splunk Slides as Morgan Stanley Downgrades on Business Transition Issues

Splunk shares were trading sharply lower onTuesday after Morgan Stanley analyst Keith Weiss cut his rating on the data analytics software company to Equal Weight from Overweight, reducing his target price on the stock to $160, from $213.

As Barron’s outlined in a recent article, Splunk (ticker: SPLK) is working through several major changes in its business, shifting toward a subscription-based revenue model while gradually moving toward a focus on cloud-based versions of its software. Those shifts have caused some disruptions in the company’s growth rate.

In a research note, Weiss says that he expects “more bumps” ahead for Splunk. He notes that the company has the potential to exceed $4 billion in annual recurring revenue within the next three years, which makes the company’s $20 billion enterprise value “seem inexpensive.” But he adds that he sees multiple near-term challenges that are likely to “keep multiples depressed near term.”

He sees “lingering 揮之不去 issues closing large deals,” increasing competition in the “observability” market, a software segment focused on monitoring the health of IT systems, and a “more challenging security landscape,” with increased competition in cyber analytics and a smaller boost from the recent Sunburst/SolarWinds hack attack than he had originally
expected.

綜上所述 Splunk 產業優勢仍沒有大變動, 仍是Security Information and Event Management (SIEM) Solutions項目的二大選擇之一 ( 另一個是IBM的QRadar )

不過reddit論壇這一段評論, 表示Splunk 近年來研發創新能力衰退, 反觀對手Elastic有迎頭趕上, 不斷研發許多新的功能給終端客戶

There are many more. Problem is, most of them rely on a way smaller set of use cases (security) so they aren’t frightening Splunk’s position. Elastic on the other hand.. they are investing more and more, especially into their endpoint client. While the Elastic query language and its usage for users is total garbage, the overall system is getting better.

While Splunk didn’t bring in any great features for the Universal Forwarder over the last couple years. Instead Splunk keeps acquiring companies and fails to integrate them. I’d say the time of creativity at Splunk is long gone. Just look at the .conf20, which was a 95% sales/marketing event. I know a lot of disappointed users.

What are some viable alternatives to Splunk that corporations use?

I'm looking into options for machine data log indexing and analytics (which I understand is Splunk's forte, correct me if I'm wrong), and I'm wondering what are some of Splunk's competitors in the same space. I heard there was a company called Elastic, how do they compare to Splunk? I also saw in the Magical Quadrant that IBM is a competitor, but I haven't heard much about that. Is that Red Hat or something else they are talking about? Any other competitors?

It depends on the use case. There are lots in both security and ops:

Data Dog, Loom, Moog all come to mind in ops; and QRadar, LogRhythm, ArcSight for security. There are plenty of others - APMs and NPMs which might be somewhat competitive but mostly I think they use Elastic.

In 'machine data' platforms most have been mentioned, Elastic and Sumo are the main ones I see, there are prob some others.

Ultimately if you want a leading SIEM and Ops platform in one it's Splunk.

https://www.reddit.com/r/Splunk/comments/esl68g/what_are_some_viable_alternatives_to_splunk_that/

https://www.reddit.com/r/Splunk/comments/k7n267/who_are_splunk_competitors/

https://kknews.cc/zh-tw/news/bmvgjvo.html

The Tully's departure “comes at a tough time” and compounds other risks facing Splunk, including sharper competition, pricing changes, and a transition of the customer base to the Splunk cloud platform, Keybanc analyst Michael Turits said in a note.

"The risk profile now looks balanced, with the departure adding yet another variable added to the equation,” Turits added.

Citi analyst Tyler Radke said the departure was an incremental negative for the stock, and investors may view the news as “a potential elongation of the transition/ongoing uncertainty.”

Rosenblatt Securities, on the other hand said, this was “a relatively minor setback for Splunk as its current product set and vision are well developed and its end markets remain robust