Splunk (NASDAQ:SPLK) is set to post its quarterly earnings results after the market closes on Wednesday, August 21st. Analysts expect Splunk to post earnings of ($0.51) per share for the quarter. Splunk has set its FY 2020 guidance at EPS and its Q2 2020 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $395.92 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue was up 36.4% on a year-over-year basis. On average, analysts expect Splunk to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
SPLK opened at $131.72 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.20 and a current ratio of 3.20. The company has a fifty day moving average price of $132.19. Splunk has a 1 year low of $83.69 and a 1 year high of $143.70. The firm has a market cap of $19.55 billion, a PE ratio of -82.84 and a beta of 2.02.
In other news, insider Ledger Susan St. sold 2,221 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $119.96, for a total transaction of $266,431.16. Following the completion of the sale, the insider now owns 235,094 shares of the company’s stock, valued at $28,201,876.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy Tully sold 4,624 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $115.59, for a total transaction of $534,488.16. Following the sale, the senior vice president now directly owns 117,261 shares of the company’s stock, valued at approximately $13,554,198.99. The disclosure for this sale can be found here. Insiders have sold 31,813 shares of company stock valued at $3,676,685 in the last ninety days. Insiders own 0.34% of the company’s stock.
SPLK has been the subject of several analyst reports. Mitsubishi UFJ Financial Group boosted their target price on shares of Splunk to $159.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Northland Securities reiterated a “buy” rating and issued a $160.00 target price on shares of Splunk in a research note on Friday, May 24th. BMO Capital Markets decreased their target price on shares of Splunk from $162.00 to $157.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. They noted that the move was a valuation call. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 target price on shares of Splunk in a research note on Monday, June 24th. Finally, Wedbush boosted their target price on shares of Splunk from $159.00 to $163.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $144.27.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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