Splunk (SPLK) earnings report indicated $0.66 in EPS and and $901.1M in revenue, beating estimates. The SPLK stock price is up almost 8% today following the news. Splunk recently named Gary Steele as the new CEO. Morningstar's Malik Ahmed Khan says that they have a positive outlook on Splunk (SPLK) as the company benefits from secular tailwinds in the full-stack monitoring space. Also, it has strong growth prospects. Next, Tom White discusses an example bullish option trade to buy a call spread on SPLK.