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Cybersecurity Stocks Remain Down for the September 2 Week

PART:
1 2 3 4 5
Part 3
Cybersecurity Stocks Remain Down for the September 2 Week PART 3 OF 5

Why Did Splunk Generate a Negative Returns?

Shareholder returns and stock trends

Splunk (SPLK) generated returns of -1.38% in the TTM (trailing 12 months) and -15.50% in the trailing one-month period. The firm’s share price fell by 3.87% in the trailing five-day period.

Its peer companies like FireEye (FEYE), Fortinet (FTNT), and Gemalto (GTO) generated returns of -1.78%, -1.48% and -16.59% in the trailing five-day period.

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Moving averages

On September 2, 2015, Splunk’s last trading price was $59.10. The firm was trading 10.07%, 14.06%, and 13.39% below the 20-day, 50-day, and 100-day moving averages of $65.71, $68.76, and $68.23, respectively.

MACD and RSI

The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a firm. The 14-day MACD is -1.89 for Splunk. It shows a downward trading trend because the figure is negative.

The 14-day RSI (relative strength index) for Splunk is 34. This shows that the stock is nearly oversold. If the RSI is above 70, it indicates that the stock is overbought, while an RSI figure below 30 suggests that a stock has been oversold.

Splunk accounts for 0.07% of the iShares Russell 1000 Growth ETF (IWF) and 0.20% of the Vanguard Extended Market ETF (VXF).

Analysts’ recommendations

Out of 37 analysts covering the stock, 30 have a “buy” recommendation, one has a “sell” recommendation, and six have a “hold” recommendation. Analysts’ stock price target for the firm is $81.16 with a median target estimate of $81. Splunk is trading at a discount of 27% with respect to its median target. It looks to be an attractive buy at the current levels.

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