enterprise software stocks to buy

Top Enterprise Software Stocks To Watch Ahead Of Earnings: Splunk

Next up, Splunk (SPLK Stock Report) is one of the best enterprise software stocks to buy. The company is slowly becoming the “de-facto” enterprise IT standard with some analysts giving it a target price of $270. For starters, the company is a big data analytics company that helps enterprises of all shapes and sizes turn their raw machine data into valuable and actionable insights through their Data-to-Everything platform. 

The upcoming catalyst for the company will be its quarterly report on 26 August. Analysts are estimating $520.27M in revenue and a $0.34 loss per share. That’s not far from Splunk’s guidance of $520M in revenue and a non-GAAP operating margin of negative 10-15%. With the coronavirus pandemic bringing many businesses down to its knees, would it be possible for the company to surprise their investors with positive growth this week?

best enterprise software stocks to buy (SPLK stock)

Despite the recent dip, we shouldn’t discredit its impressive run of over 100% gains since March lows. That said, the company might be facing a short term pain, but it’s highly likely to see a long term gain.

Click To Continue To Top Enterprise Software Stocks to Watch #3>>>


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