Splunk Inc. (SPLK) to Release Quarterly Earnings on Thursday
Splunk Inc. (NASDAQ:SPLK) is scheduled to be announcing its earnings results after the market closes on Thursday, August 24th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. Splunk’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. On average, analysts expect Splunk to post $0.52 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Splunk Inc. (SPLK) opened at 60.76 on Thursday. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The company has a 50-day moving average of $59.23 and a 200-day moving average of $61.39. The company’s market cap is $8.41 billion.
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In other news, Director Godfrey Sullivan sold 4,236 shares of Splunk stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $61.77, for a total value of $261,657.72. Following the sale, the director now owns 818,456 shares of the company’s stock, valued at $50,556,027.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David F. Conte sold 1,044 shares of Splunk stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $62.20, for a total transaction of $64,936.80. Following the completion of the sale, the chief financial officer now directly owns 207,965 shares in the company, valued at approximately $12,935,423. The disclosure for this sale can be found here. In the last ninety days, insiders sold 558,056 shares of company stock worth $32,554,124. Insiders own 3.00% of the company’s stock.
Several equities analysts have commented on SPLK shares. Royal Bank Of Canada reissued a “buy” rating on shares of Splunk in a research report on Friday, April 21st. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Wedbush reissued an “outperform” rating and issued a $78.00 price target on shares of Splunk in a research report on Monday, May 22nd. Robert W. Baird set a $71.00 price target on shares of Splunk and gave the company a “buy” rating in a research report on Saturday, May 27th. Finally, Maxim Group reissued a “buy” rating on shares of Splunk in a research report on Sunday, May 28th. Twelve research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Splunk presently has an average rating of “Buy” and a consensus target price of $70.77.
Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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