Splunk (SPLK: $61)

Bull Market Report Target Price: $75
Bull Market Report Sell Price: $60

Earnings Date: Thursday, 4:00 PM ET
Consensus: 2Q17
Revenues: $270 million
EPS: $0.06

Year Ago Quarter Results
Revenues: $213 million
EPS: $0.05

Key Things to Watch For in the Quarter

Splunk is expected to report a 26% increase in revenues and a 20% increase in earnings per share for 2Q17. Splunk has beaten estimates in each of the past four quarters, and we expect them to uphold this trend as they have been able to consistently increase their sales 25% in previous quarters. As one of the largest providers of software solutions that enable organizations to gain real-time operational intelligence, Splunk is likely going to grow alongside the large corporations that use their products.

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VMware (VMW: $101)

Bull Market Report Target Price: $108
Bull Market Report Sell Price: $90

Earnings Date: Thursday, 5:00 PM ET
Consensus: 2Q17
Revenues: $2.0 billion
EPS: $1.15

Year Ago Quarter Results
Revenues: $1.8 billion
EPS: $0.97

Key Things to Watch For in the Quarter

Wall Street expects VMware to report a 12% increase in revenues and an 18% increase in earnings per share for 2Q17. VMware has beaten estimates in each of the past four quarters, contributing to its 35% year-over-year appreciation. Insiders at the firm still own 20% of the company indicating their confidence and vested interest in the performance of the stock. Despite slight overvaluation at the moment (PE of 33), our long-term vision for VMware is extremely bullish. With a market cap of $41 billion, this is no small company. In fact, they are changing the cloud world through their innovative software. Sitting at a new 10-year high today as we write this, they are operating with almost $9 billion of cash, and just $1.5 billion in long term debt.