This Software-as-a-Service Company Is a Long-Term Buy at These Levels
Splunk (NASDAQ: SPLK) is one of the premier data analytics and cybersecurity software that can broadly be referred to as enterprise solutions. They specialize in data storage, indexing, and analyzing machine data. The software extracts the unreadable machine language and turns it into a human-readable format that gives users insights on anything from system failures to scheduling alerts. Simply put Splunk keeps companies running safely and gives them insights on customer activity on their platforms.
Now I know you might be thinking that the software is probably difficult to sell and deploy because it would likely require a complex overhaul from the client. However, that couldn't be further from the truth. The software is easy to deploy and it is able to process a wide range of data efficiently. It also has an app marketplace that allows clients to tailor the software to suit their business needs. They have on-premise and cloud-based solutions which allow the company to find a billing offering that suits the client's needs.
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Source Fool.com
