Splunk (NASDAQ:SPLK) will release its earnings data after the market closes on Thursday, May 23rd. Analysts expect Splunk to post earnings of ($0.77) per share for the quarter. Splunk has set its Q1 2020 guidance at EPS and its FY 2020 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Splunk had a negative return on equity of 14.59% and a negative net margin of 15.28%. The company had revenue of $622.09 million for the quarter, compared to the consensus estimate of $562.22 million. On average, analysts expect Splunk to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
NASDAQ:SPLK opened at $134.33 on Tuesday. Splunk has a 52-week low of $83.69 and a 52-week high of $143.70. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.07. The stock has a market cap of $20.50 billion, a PE ratio of -84.48 and a beta of 2.03.
In other news, SVP Timothy Tully sold 6,655 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $128.06, for a total transaction of $852,239.30. Following the transaction, the senior vice president now directly owns 127,727 shares in the company, valued at $16,356,719.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $123.00, for a total transaction of $1,076,250.00. Following the transaction, the director now owns 182,155 shares in the company, valued at $22,405,065. The disclosure for this sale can be found here. Insiders have sold 124,271 shares of company stock worth $15,613,440 over the last quarter. 0.36% of the stock is owned by company insiders.
Several research firms have recently issued reports on SPLK. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Splunk from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Morgan Stanley lifted their target price on shares of Splunk from $121.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. Mizuho started coverage on shares of Splunk in a research report on Wednesday, March 13th. They set a “buy” rating and a $150.00 target price on the stock. Finally, Argus lifted their target price on shares of Splunk to $156.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $143.84.
Splunk Company Profile
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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