At a Glance:
- MongoDB and Splunk are among the leading data analytics providers which are gaining popularity in the market.
- In Q4 MongoDB performed beyond the analyst estimates.
- In addition, the analysts are expecting the EPS of Splunk to remain negative in the coming financial quarter.
The data industry is turning out to be more diverse and complex making it difficult to compile together. The industries have come to a realization that data analytics is fundamental to future technology and the companies looking to grow in this competitive market need to invest in data analytic solutions.
Currently, MongoDB and Splunk are among the leading data analytics providers which are gaining popularity in the market.
MongoDB is an open-source database platform
MongoDB offers the businesses an open-source database platform alongside a subscription-based SaaS business model. In Q4 the company performed beyond the analyst estimates. The stock value ranges around $377.87 which was a 7.16% decline from the previous close.
Splunk Intelligence Software
Splunk is helping businesses search, correlate, analyze, monitor, and report on data in real-time. Its intelligence software is geared to analyze vast amounts of historical information and specializes in machine data applications. The stock value of Splunk is $125.86 which dropped by 5.52% from the previous close.
Investors pique interest in data-analytic stocks
The investors have shown interest in buying stocks of MongoDB which operates a leading, general-purpose, modern database platform. It is among the largest database market in the software industry. On the other hand, Splunk is the market leader in developing software solutions that enable organizations to gain real-time operational intelligence across the world.
Despite the popularity, Splunk is currently facing a rise in competition from top players in the space. In addition, the analysts are expecting the EPS to remain negative in the coming financial quarter.
