Splunk Down Amid Mixed Thoughts By Analysts

After Splunk (NASDAQ: SPLK) released its first quarter earnings on Thursday, analysts responded Friday with their thoughts on the company.

FBR - Outperform, $80 PT - Daniel Ives sees that the market may respond in a negative initial reaction because the beat wasn't as large as expected by the street. With top line growth at 50 percent year-over-year, Ives sees Splunk ready to perform well in the future.

Pacific Crest Securities - Outperform, $68 PT - Brendan Barnicle sees that Splunk's strong first quarter foundation lays the foundation for long-term growth for the company as a whole.

Barclays - Equal-weight, $51 PT - Raimo Lenschow is slightly more cautious on Splunk as he sees that a dip in sales productivity may affect how bullish investors will be on the company.

Splunk has been tanking in Friday's session in response to earnings and analysts views. It is down over 17 percent to $41.34 at last checked trade.