Splunk (NASDAQ:SPLK) released its quarterly earnings results on Thursday. The software company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01, MarketWatch Earnings reports. Splunk had a negative return on equity of 10.80% and a negative net margin of 14.27%. The company had revenue of $434.08 million during the quarter, compared to analysts’ expectations of $443.60 million. During the same period last year, the business posted $0.02 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Splunk updated its Q2 2021
After-Hours guidance to EPS.
Shares of NASDAQ:SPLK opened at $175.87 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.15 and a quick ratio of 2.15. The business’s 50 day moving average price is $134.75 and its 200-day moving average price is $142.08. The firm has a market capitalization of $25.94 billion, a PE ratio of -76.93 and a beta of 1.52. Splunk has a 1 year low of $93.92 and a 1 year high of $176.31.
A number of research firms have commented on SPLK. Wedbush increased their price target on Splunk from $180.00 to $204.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America reiterated a “buy” rating and issued a $225.00 price target on shares of Splunk in a research note on Thursday, March 5th. Wells Fargo & Co restated a “buy” rating and issued a $200.00 price objective on shares of Splunk in a research note on Thursday, March 5th. Zacks Investment Research cut Splunk from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a research note on Monday, May 11th. Finally, Monness Crespi & Hardt cut Splunk from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Splunk presently has an average rating of “Buy” and a consensus price target of $171.74.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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