Goldman Sachs Reiterates Neutral Rating for Splunk (SPLK)
Splunk (NASDAQ:SPLK) opened at 45.29 on Friday. Splunk has a 52 week low of $39.35 and a 52 week high of $106.15. The stock’s 50-day moving average is $45.09 and its 200-day moving average is $58.84. The company’s market cap is $5.370 billion. Splunk also was the recipient of some unusual options trading activity on Thursday. Stock traders bought 10,430 call options on the stock. This is an increase of approximately 369% compared to the average daily volume of 2,224 call options.
Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, August 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. 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.
SPLK has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Splunk from $80.00 to $67.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Splunk from $70.00 to $60.00 in a research note on Friday. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Splunk from $99.00 to $83.00 in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.61.
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.