Splunk (NASDAQ:SPLK) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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.

In related news, SVP Timothy Tully sold 6,580 shares of Splunk stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $121.80, for a total value of $801,444.00. Following the sale, the senior vice president now owns 88,417 shares of the company’s stock, valued at approximately $10,769,190.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott Morgan sold 1,724 shares of Splunk stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $165.00, for a total transaction of $284,460.00. Following the completion of the sale, the senior vice president now directly owns 88,114 shares in the company, valued at approximately $14,538,810. The disclosure for this sale can be found here. Insiders sold a total of 105,607 shares of company stock worth $13,184,846 in the last three months. 0.34% of the stock is owned by corporate insiders.

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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Earnings History for Splunk (NASDAQ:SPLK)

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