SPLK has been beat down and run down
SPLK as you can see has been on this downward trend over the past year essentially however this play had great earnings first and foremost, is in the middle of a conversion going from a software company to a SAAS business model and to align their goals made a big change in leadership asking the CEO to step down and remain as an advisor ( meaning he is leaving on great terms ) to remain with the company says a lot and have asked an executive board member to step up and take on the CEO role moving forward to guide the company through this change being that he comes from a company rich in SAAS ( salesforce ) i feel this transition was not only needed but well deserved. However as we see from the price action the price action still is being run down. However lets take a look at earnings you see positive returns and positive returns per share. Aside from that Cathie Wood also reestablished a new position in SPLK which again are all bullish signs. I am bullish on SPLK and think this too will be a great opportunity when it starts to get some love and attention being that the price is way down from ATH's
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