Splunk (NASDAQ:SPLK) announced its quarterly earnings data on Thursday. The software company reported ($0.56) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.57) by $0.01, MarketWatch Earnings reports. The firm had revenue of $434.08 million during the quarter, compared to analyst estimates of $443.60 million. Splunk had a negative net margin of 14.27% and a negative return on equity of 10.80%. Splunk’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. Splunk updated its Q2 2021
After-Hours guidance to EPS.
Splunk stock opened at $172.32 on Friday. The company’s fifty day moving average price is $134.75 and its 200 day moving average price is $142.08. Splunk has a 1 year low of $93.92 and a 1 year high of $176.31. The stock has a market capitalization of $25.94 billion, a P/E ratio of -72.97 and a beta of 1.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.15.
Several brokerages recently commented on SPLK. JPMorgan Chase & Co. increased their price objective on shares of Splunk from $174.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. ValuEngine raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Piper Sandler increased their price objective on shares of Splunk from $150.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. SunTrust Banks decreased their price objective on shares of Splunk from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Cowen lowered shares of Splunk from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $165.00 to $140.00 in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $171.74.
Splunk Company Profile
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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