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Why Splunk Stock Popped Today

Why Splunk Stock Popped Today

Shares of Splunk (NASDAQ: SPLK) were climbing today after the data-monitoring software company crushed estimates in its third-quarter earnings report. Splunk, which offers tools for monitoring, searching, and organizing data, said that revenue jumped 40% to $929.8 million, easily beating estimates at $846.9 million. Customers with annual recurring revenue above $1 million increased 19% to 754.