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However, the stock has lost 28.7% in price over the past year and 23.2% over the past nine months to close yesterday’s trading session at $158.11.
Among investor concerns, an investigation is being undertaken over possible security violations by the company. Also, SPLK’s losses widened significantly in the second quarter, and its non-GAAP operating margin is expected to remain negative in the third quarter. Furthermore, several hedge funds have sold the stock recently. So, SPLK’s near-term prospects look bleak.
