3 Hot Tech IPOs for This Week

As long as the equities markets remain fairly stable, this should be a strong week for IPOs, with 11 deals planned over the next few days.

The following three initial public offerings come from the tech sector and are getting a lot of buzz:

Splunk

Splunk (NASDAQ:SPLK) is a leader in the information technology market for �big data.� The company’s technology makes it easy for customers to analyze huge amounts of data logs, which helps to find security problems.

Last year, Splunk�s revenues soared by 83% to $121 million, and the company boasts more than 3,700 customers, including Comcast (NASDAQ:CMCSA), Salesforce.com (NYSE:CRM) and Zynga (NASDAQ:ZNGA).

Just this morning, Splunk increased the price range on its IPO to $11 to $13, up from�$8 to $10 — a sure sign of heavy demand for the deal.

Underwriters include Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC).

Infoblox

Infoblox (NASDAQ:BLOX) develops appliances that help to manage networks and data centers, such as with device configuration, compliance, security and monitoring. The company is a beneficiary of mega-trends like cloud computing and virtualization.

Revenues more than doubled — from $61.7 million to $132.8 million — between 2009 and 2011, and cash flows came to $21.5 million last year. Infoblox has more than 5,400 customers, including Boeing (NYSE:BA), Caterpillar (NYSE:CAT) and IBM (NYSE:IBM).

The price range for the Infoblox IPO is $12 to $14. Lead underwriters include Goldman Sachs (NYSE:GS) and Morgan Stanley.

Proofpoint

Proofpoint (NASDAQ:PFPT) uses the cloud to provide security services to corporations. This approach tends to be a more effective than traditional software because the database is updated in real-time.

Proofpoint’s solution is fairly comprehensive, dealing with issues like threat protection, archiving, secure communication and regulatory compliance.

Last year, Proofpoint�s revenues climbed 26% to $82 million, but the company did suffer a loss of $20 million.

The price range for Proofpoint’s IPO is $10 to $12. Underwriters include Credit Suisse and Deutsche Bank (NYSE:DB).

Tom Taulli runs the InvestorPlace blog�IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of��The Complete M&A Handbook”,��All About Short Selling��and��All About Commodities.��Follow him on Twitter at�@ttaulli�or reach him via�email. As of this writing, he did not own a position in any of the aforementioned securities.