Splunk (NASDAQ:SPLK) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 24th. Analysts expect Splunk to post earnings of ($0.06) per share for the quarter.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.42%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 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.
NASDAQ SPLK opened at $114.36 on Wednesday. The firm has a market cap of $16.92 billion, a P/E ratio of -87.30 and a beta of 1.85. Splunk has a 1 year low of $54.17 and a 1 year high of $119.00.
In related news, CEO Douglas Merritt sold 16,677 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $97.66, for a total transaction of $1,628,675.82. Following the completion of the sale, the chief executive officer now owns 318,894 shares of the company’s stock, valued at approximately $31,143,188.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ledger Susan St. sold 10,424 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $97.65, for a total transaction of $1,017,903.60. Following the sale, the insider now directly owns 308,593 shares of the company’s stock, valued at approximately $30,134,106.45. The disclosure for this sale can be found here. Insiders have sold 163,912 shares of company stock valued at $16,716,531 in the last three months. Corporate insiders own 0.36% of the company’s stock.
A number of research analysts recently issued reports on the stock. Piper Jaffray Companies boosted their target price on shares of Splunk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Wedbush decreased their target price on shares of Splunk from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, May 18th. Barclays boosted their target price on shares of Splunk to $125.00 and gave the company an “overweight” rating in a research report on Friday, May 18th. Zacks Investment Research upgraded shares of Splunk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Vetr downgraded shares of Splunk from a “hold” rating to a “sell” rating and set a $103.98 target price for the company. in a research report on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Splunk currently has an average rating of “Buy” and an average target price of $102.56.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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