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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.