Splunk (SPLK) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Splunk (NASDAQ:SPLK) announced its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03, Analyst RN reports. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $93.93 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 51.7% on a year-over-year basis.
Splunk (NASDAQ:SPLK) traded down 1.33% on Thursday, hitting $45.29. The stock had a trading volume of 3,385,631 shares. Splunk has a 1-year low of $39.35 and a 1-year high of $106.15. The stock’s 50-day moving average is $45.16 and its 200-day moving average is $58.94. The company’s market cap is $5.370 billion.
SPLK has been the subject of a number of recent research reports. Analysts at Cantor Fitzgerald cut their price target on shares of Splunk from $99.00 to $83.00 in a research note on Wednesday. On the ratings front, analysts at Cowen and Company upgraded shares of Splunk to an “outperform” rating in a research note on Monday. They now have a $55.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Splunk from $65.00 to $55.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Splunk has an average rating of “Buy” and an average price target of $71.86.
Splunk Inc provides software products. The Company’s products enable users to collect, index, and search, explore, monitor and analyze data regardless of format or source.
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