![]() ![]() ![]() ![]() Das in October 2003 and is headquartered in San Francisco, CA. The company is generated by both machine-to-machine as well as human-to-machine interactions. Splunk (SPLK) Stock Moves -0.16: What You Should Know Wall Street Analysts Think Splunk (SPLK) Is a Good Investment: Is It Will Splunk (SPLK) Beat Estimates. Its machine data can be found in a variety of formats such as application log files, call detail records, click stream data associated with user website interactions, data files, system configuration files, alerts and tickets. ![]() The applications, servers, network devices, desktop and laptop computers, mobile devices and various other systems that organizations have deployed to support their operations continuously generate information relating to their status and activities. The company's machine data is generated by software applications, information technology infrastructure, electronic devices and systems. The company’s shares closed yesterday at 101.60. Its software collects and indexes data at massive scale, regardless of format or source, and enables users to quickly and easily search, correlate, analyze, monitor and report on this data in real time. Barclays analyst Raimo Lenschow maintained a Buy rating on Splunk (SPLK Research Report) today and set a price target of 130.00. Yet the data analytics and monitoring specialists. provides software platform that enables organizations to gain real-time operational intelligence by harnessing the value of their machine data. Following lower-than-expected fiscal third-quarter results, Splunk (NASDAQ: SPLK) stock price dropped by approximately 20 during after-hours. For comparison, its industry has an average Forward P/E of 42.93, which means Splunk is trading at a discount to the group.Splunk, Inc. It now expects revenue of approximately 2.35 billion, up from prior guidance of 2.3 billion. (NASDAQ: SPLK), the data platform leader for security and observability, today announced results for its fiscal third quarter ended October 31, 2022. Looking at its valuation, Splunk is holding a Forward P/E ratio of 34.16. Splunk also raised its outlook for the year. Total Revenues Grew 40 Cloud Revenue up 54. Splunk currently has a Zacks Rank of #1 (Strong Buy). The Zacks Consensus EPS estimate remained stagnant within the past month. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Analysts were quite bearish on Splunks fiscal 2024 revenue outlook, and they turned out to be demonstrably right. Our research shows that these estimate changes are directly correlated with near-term stock prices. Following lower-than-expected fiscal third-quarter results, Splunk ( SPLK 3.17) stock price dropped by approximately 20 during after-hours. guidance for the year ahead took me by surprise. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. The total ARR is expected to be 3.9 billion. For Fiscal 2023, revenues are expected to be in the range of 3.3 billion and 3.35 billion, up from 3.25 billion and 3.3 billion anticipated earlier. It is also important to note the recent changes to analyst estimates for Splunk. For the second quarter of the Fiscal Year 2023, Splunk projects revenues between 735 million and 755 million. Our most recent consensus estimate is calling for quarterly revenue of $719.02 million, up 6.67% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $2.75 per share and revenue of $3.87 billion, which would represent changes of +2.23% and +6.05%, respectively, from the prior year. On that day, Splunk is projected to report earnings of -$0.12 per share, which would represent year-over-year growth of 62.5%. Investors will be hoping for strength from Splunk as it approaches its next earnings release. Heading into today, shares of the maker of software that helps companies collect and analyze internal data had gained 3.53% over the past month, lagging the Computer and Technology sector's gain of 7.7% and outpacing the S&P 500's gain of 3.13% in that time. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, lost 2.19%. This change lagged the S&P 500's 0.1% gain on the day. The 30 analysts offering 12-month price forecasts for Splunk Inc have a median target of 124.00, with a high estimate of 135.00 and a low estimate of 86.00. In the latest trading session, Splunk (SPLK) closed at $93.14, marking a -0.72% move from the previous day. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |