Splunk Inc. (NASDAQ:SPLK) is set to issue its quarterly earnings data after the market closes on Thursday, August 24th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The company had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. During the same period in the previous year, the company posted ($0.02) earnings per share. Splunk’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts expect Splunk to post $0.52 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Splunk Inc. (NASDAQ:SPLK) opened at 60.34 on Wednesday. The firm has a 50-day moving average price of $59.42 and a 200-day moving average price of $61.45. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23. The firm’s market capitalization is $8.35 billion.
In other news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $58.13, for a total value of $2,325,200.00. Following the completion of the sale, the director now owns 744,540 shares of the company’s stock, valued at $43,280,110.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David F. Conte sold 1,044 shares of Splunk stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $62.20, for a total value of $64,936.80. Following the completion of the sale, the chief financial officer now directly owns 207,965 shares of the company’s stock, valued at approximately $12,935,423. The disclosure for this sale can be found here. In the last ninety days, insiders sold 558,056 shares of company stock valued at $32,554,124. Company insiders own 3.00% of the company’s stock.
SPLK has been the subject of a number of recent research reports. Cowen and Company reaffirmed a “buy” rating on shares of Splunk in a research report on Friday, August 18th. Susquehanna Bancshares Inc initiated coverage on Splunk in a research report on Wednesday, June 7th. They set a “neutral” rating and a $68.00 price objective for the company. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective on shares of Splunk in a research report on Saturday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $75.00 price objective on shares of Splunk in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Splunk has a consensus rating of “Buy” and an average price target of $70.93.
Splunk Company Profile
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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