we don't know that splunk is a partner. we don't see splunk anywhere.re is no name plate that says splunk. but integral to the customer rehaitians is you, right? >> yeah. again, the nice power of splunk is we can may in so many areas within a company. and home depot blarought us in just to try on keep these applications and systems up. and they want us weaving into more and more of their date fabric. the end result was splunk improved up time and performance by 40% in what turned out to be a bunch of customer facing and revenue generating applications. so they're not a partner in the sense of palo alto or others that can distribute us but they're a key partner as far as a customer. >> and we've also, when dominos reports, which is just such a terrific company. we always say that they're a technology company that delivers pizza. splunk is integral again into trying to analyze the pores are placed? >> yeah. they started within dominos years ago. a lot like home depot, they started pretty simply. just trying to keep systems up that run the dominos website.

boost profitability while enhancing, investing this more data analytic systems like when we talked on splunk last night. they're already bearing fruit. how about the number? ever sense it was taken private and started going on this takeover spree, the company has been able to accelerate the growth rate. 2015. it posted growth, that translated into fantastic 32.7% earnings growth. let's look at both sides. for starters, it is a sub on that malbalance sheet. very little this cash. of course they raised had it to pay down the debt. housing can be very cyclical. if the federal reserve decides to tighten. it will hurt the industry and crush the stock. there will be a lot less demand for landscaping supplies. of course the fed is on hold found. they're also hostage to commodity prices like grass seed, at the moment i think the pros do outweigh the cons for this company. what about stock? analysts are predicting earnings. all four per share. it means it is trading two time next year's earnings. it is only selling for just under 18 times next year's earnings. the earnings go up. the price is going d

remember that linked-in, got paid a lot of money, splunk got a lot of money.'m urging people not to jump ship. oracle, it's a very inexpensive stock. ellison, he has an island. it like a country. i want to visit his country. maybe if it's a good quarter and i say something good, he'll let me in. >> when we come back, morgan stanley's equity chief adam parker. early session lows down 130. experience the thrill of the lexus is f sport. because the ultimate expression of power, is control. this is the pursuit of perfection. ♪ ♪ >> good thursday morning. welcome back to "squawk on the street." david faber's off today. s&p taking the losing streak to six. central banks are a big story, strong yen, oil below 47 and gold near a two-year high. >> the national association of home builder survey is out. let's go to diana. >> home builder sentiment rose two points on the index. anything above 50 on this index is considered positive. this comes after four straight months of no moves. it is the highest reading of january of this year. it is, however, the same as june of 20