Is the Unexpected Rally in Splunk Stock the Real Deal?

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Shares of data search, analytics, and cloud monitoring software company Splunk (NASDAQ: SPLK) are finally rising again after a beating from investors the last few years. Profitability, at least as measured by free cash flow, is solidly in positive territory, and generally accepted accounting principles (GAAP) net income is nearly break-even. Splunk's growth is resilient, but how resilient?