Splunk Inc. (NASDAQ:SPLK) is set to issue its quarterly earnings data after the market closes on Thursday, November 16th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, analysts expect Splunk to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Splunk Inc. (NASDAQ SPLK) opened at $67.74 on Tuesday. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $71.46.
In other news, Director Godfrey Sullivan sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $59.09, for a total transaction of $7,090,800.00. Following the completion of the transaction, the director now directly owns 744,540 shares of the company’s stock, valued at approximately $43,994,868.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ledger Susan St. sold 10,316 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $723,873.72. Following the transaction, the insider now directly owns 253,102 shares of the company’s stock, valued at $17,760,167.34. The disclosure for this sale can be found here. Insiders sold 559,197 shares of company stock valued at $36,360,325 over the last three months. 1.43% of the stock is currently owned by corporate insiders.
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Several equities analysts have issued reports on SPLK shares. Zacks Investment Research lowered Splunk from a “buy” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Splunk in a research note on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $69.00 target price (down previously from $71.00) on shares of Splunk in a research note on Friday, August 4th. Mizuho reiterated a “neutral” rating and issued a $60.00 target price on shares of Splunk in a research note on Tuesday, August 15th. Finally, Cowen and Company reiterated a “buy” rating on shares of Splunk in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $74.00.
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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