Analysts Offer Insights on Technology Companies: Splunk Inc. (NASDAQ: SPLK) and Radisys Corp. (NASDAQ: RSYS)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Splunk Inc. (NASDAQ: SPLK) and Radisys Corp. (NASDAQ: RSYS) with bullish sentiments.

Splunk Inc. (NASDAQ: SPLK)

In a report released today, Brian White from Drexel Hamilton reiterated a Buy rating on Splunk Inc. (NASDAQ: SPLK), with a price target of $90. The company’s shares opened today at $59.15.

White commented:

“We believe Splunk will slightly exceed our 3Q:FY17 revenue estimate of $229.7 million (up 32% YoY; Street is at $230.3 million) and meet our EPS projection of $0.07 (Street is at $0.08). Recall, Splunk’s 3Q:FY17 outlook calls for sales of $228-230 million.”

According to TipRanks.com, White is a top 100 analyst with an average return of 9.5% and a 60.9% success rate. White covers the Technology sector, focusing on stocks such as Juniper Networks, Amphenol Corp., and Cisco Systems.

Currently, the analyst consensus on Splunk Inc. is Moderate Buy and the average price target is $66.29, representing a 12.1% upside.

In a report issued on November 22, BMO Capital also reiterated a Buy rating on the stock with a $66 price target.
Radisys Corp. (NASDAQ: RSYS)

In a report released yesterday, Brian Alger from Roth Capital reiterated a Buy rating on Radisys Corp. (NASDAQ: RSYS), with a price target of $6. The company’s shares opened today at $4.43.

According to TipRanks.com, Alger is a 5-star analyst with an average return of 13.8% and a 63.9% success rate. Alger covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Dot Hill Systems Corp., and Super Micro Computer.

Radisys Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $6.