Splunk (SPLK) Scheduled to Post Earnings on Wednesday

Splunk (NASDAQ:SPLKGet Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 30th. Analysts expect Splunk to post earnings of $0.23 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Splunk (NASDAQ:SPLKGet Rating) last issued its quarterly earnings data on Wednesday, August 24th. The software company reported ($0.94) EPS for the quarter, topping analysts’ consensus estimates of ($1.58) by $0.64. The firm had revenue of $798.75 million during the quarter, compared to the consensus estimate of $747.92 million. Splunk had a negative return on equity of 396.11% and a negative net margin of 32.85%. The firm’s revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business earned ($1.63) EPS. On average, analysts expect Splunk to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Splunk Price Performance

Shares of SPLK opened at $77.34 on Wednesday. Splunk has a 12 month low of $65.00 and a 12 month high of $150.79. The stock has a fifty day moving average price of $79.72 and a 200 day moving average price of $92.28. The company has a market cap of $12.58 billion, a P/E ratio of -12.43 and a beta of 1.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC purchased a new stake in Splunk during the first quarter valued at about $1,527,000. Raymond James Trust N.A. raised its stake in Splunk by 34.4% in the first quarter. Raymond James Trust N.A. now owns 4,957 shares of the software company’s stock worth $737,000 after buying an additional 1,268 shares in the last quarter. Prudential PLC purchased a new stake in Splunk in the first quarter worth about $357,000. National Pension Service grew its holdings in Splunk by 8.1% in the first quarter. National Pension Service now owns 251,984 shares of the software company’s stock worth $37,447,000 after purchasing an additional 18,834 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Splunk in the first quarter worth about $89,000. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPLK. Citigroup reiterated a “neutral” rating and set a $118.00 price target (down previously from $120.00) on shares of Splunk in a research report on Wednesday, August 3rd. Guggenheim began coverage on Splunk in a research note on Friday, August 12th. They issued a “buy” rating and a $160.00 price objective for the company. Wells Fargo & Company initiated coverage on Splunk in a research note on Tuesday, October 11th. They issued an “overweight” rating and a $95.00 price objective for the company. BMO Capital Markets cut their price target on Splunk from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Finally, Mizuho cut their price target on Splunk from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Splunk currently has an average rating of “Moderate Buy” and an average target price of $126.03.

Splunk Company Profile

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Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

See Also

Earnings History for Splunk (NASDAQ:SPLK)

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