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Splunk leaps; analyst sees 'big-data' wave

SAN FRANCISCO (MarketWatch) - Shares of Splunk Inc. were up more than 11% in after-hours trading after the results that JMP Securities analyst Greg McDowell said showed the company riding the rising big-data analytics trend. "Splunk is clearly firing on all cylinders and squarely in the middle of one of the biggest trends in technology," he told MarketWatch. Splunk offers Web-based services to help companies huge amounts of data in real-time. For the current quarter, the company said it expects revenue of between $45 million and $47 million. Analysts were expecting $44.6 million, according to data from FactSet. Splunk's stock has fallen 11% in the last three months, but its gains late Thursday wiped out those losses.