S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NASDAQ:SPLK

Splunk (SPLK) Stock Price, News & Analysis

$156.90
0.00 (0.00%)
(As of 04/12/2024)
Today's Range
$156.90
$156.90
50-Day Range
$153.42
$156.90
52-Week Range
$82.19
$156.97
Volume
5,546 shs
Average Volume
2.08 million shs
Market Capitalization
$26.44 billion
P/E Ratio
124.52
Dividend Yield
N/A
Price Target
$135.31

Splunk MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
13.8% Downside
$135.31 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.37mentions of Splunk in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
82.10%
From $1.62 to $2.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.33 out of 5 stars

Computer And Technology Sector

506th out of 594 stocks

Software - Infrastructure Industry

3rd out of 3 stocks

SPLK stock logo

About Splunk Stock (NASDAQ:SPLK)

Splunk Inc., together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience. It also provides application programming interfaces, software development kits, and other interfaces that enables its network of third-party developers, partners, and customers to build content, including pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible user interface components, custom data visualizations, and integration actions and methods that configures and extends its solutions to accommodate specific use cases. In addition, the company offers adoption and implementation, education, and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California. As of March 18, 2024, Splunk Inc. operates as a subsidiary of Cisco Systems, Inc.

SPLK Stock Price History

SPLK Stock News Headlines

StockNews.com Initiates Coverage on Splunk (NASDAQ:SPLK)
REVEALED: Elon Musk’s Secret A.I. Facility?
I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
SPLK May 2024 170.000 call
REVEALED: Elon Musk’s Secret A.I. Facility?
I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Splunk acquisition is 'a game-changer': Cisco CFO
How Cisco Will Integrate Splunk Into Company
Cisco Completes $28 Billion Splunk Deal Early
Cisco completes Splunk acquisition
I:NDX Apr 2024 18200.000 put
I:NDX Mar 2024 17825.000 put
Wall Street Breakfast: Stir The Brew
Market Digest: DVN, THO, SPLK
Splunk Inc.: Waiting for deal close
I:NDX Mar 2024 18100.000 put
SPLK Dec 2025 130.000 put
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/15/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Software - Infrastructure
Sub-Industry
Application Software
Current Symbol
NASDAQ:SPLK
CUSIP
84863710
Employees
8,000
Year Founded
2003

Price Target and Rating

Average Stock Price Target
$135.31
High Stock Price Target
$157.00
Low Stock Price Target
$105.00
Potential Upside/Downside
-13.8%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
28 Analysts

Profitability

Net Income
$263.73 million
Pretax Margin
3.03%

Debt

Sales & Book Value

Annual Sales
$4.22 billion
Cash Flow
$0.47 per share
Book Value
($0.68) per share

Miscellaneous

Free Float
168,214,000
Market Cap
$26.44 billion
Optionable
Optionable
Beta
1.00

Social Links

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Key Executives

Should I Buy Splunk Stock? SPLK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Splunk Inc.:

  • Splunk offers a unified security and observability platform, providing visibility across infrastructure, applications, and customer experience, which can attract customers seeking comprehensive solutions.
  • The company has a strong network of third-party developers, partners, and customers, enabling the creation of custom content to address specific use cases, potentially increasing the value proposition for clients.
  • Recent analyst reports have indicated positive ratings for Splunk, with some analysts issuing a "buy" rating, suggesting growth potential and market confidence in the company.
  • With Splunk operating as a subsidiary of Cisco Systems, Inc., there may be opportunities for synergies and collaborations that could enhance the company's offerings and market presence.
  • Considering the recent stock price movements and institutional investments in Splunk, there is investor interest and confidence in the company's future performance.

Cons

Investors should be bearish about investing in Splunk Inc. for these reasons:

  • Splunk faces competition in the software infrastructure industry, which could lead to challenges in market share retention and pricing strategies to remain competitive.
  • Despite positive analyst ratings, there are also hold ratings on Splunk, indicating some caution or uncertainty in the market regarding the company's future growth prospects.
  • Changes in the regulatory environment related to data privacy and security could impact Splunk's operations and require additional compliance measures, potentially increasing operational costs.
  • Market volatility and economic uncertainties could affect Splunk's financial performance and stock price, leading to fluctuations in investor sentiment and confidence.
  • Investors should carefully monitor Splunk's revenue streams and customer retention rates to assess the company's ability to maintain growth and profitability in a competitive market landscape.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Splunk pros and cons to contact@marketbeat.com.

SPLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Splunk stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 23 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPLK, but not buy additional shares or sell existing shares.
View SPLK analyst ratings
or view top-rated stocks.

What is Splunk's stock price target for 2024?

28 analysts have issued 12-month price targets for Splunk's shares. Their SPLK share price targets range from $105.00 to $157.00. On average, they expect the company's stock price to reach $135.31 in the next twelve months. This suggests that the stock has a possible downside of 13.8%.
View analysts price targets for SPLK
or view top-rated stocks among Wall Street analysts.

How have SPLK shares performed in 2024?

Splunk's stock was trading at $152.35 at the beginning of the year. Since then, SPLK shares have increased by 3.0% and is now trading at $156.90.
View the best growth stocks for 2024 here
.

When is Splunk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our SPLK earnings forecast
.

How were Splunk's earnings last quarter?

Splunk Inc. (NASDAQ:SPLK) released its earnings results on Tuesday, February, 27th. The software company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $1.42. The software company earned $1.49 billion during the quarter, compared to analyst estimates of $1.26 billion. Splunk had a trailing twelve-month return on equity of 32,117.42% and a net margin of 6.26%.

What is Doug Merritt's approval rating as Splunk's CEO?

350 employees have rated Splunk Chief Executive Officer Doug Merritt on Glassdoor.com. Doug Merritt has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Splunk own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Splunk investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), PayPal (PYPL), Tesla (TSLA) and Walt Disney (DIS).

Who are Splunk's major shareholders?

Splunk's stock is owned by many different institutional and retail investors. Top institutional investors include Riverview Trust Co (0.00%). Insiders that own company stock include Christian Smith, Douglas Merritt, Elisa Steele, Gary Steele, Graham Smith, Jason Child, Scott Morgan, Shawn Bice and Timothy Emanuelson.
View institutional ownership trends
.

How do I buy shares of Splunk?

Shares of SPLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Splunk have any subsidiaries?
The following companies are subsidiares of Splunk: BugSense, Caspida, Caspida Inc., CloudMeter, Drastin, Drastin Inc., Flowmill, Flowmill LLC, KryptonCloud, Metafor, Omnition, Omnition LLC, Phantom, Phantom Cyber Corporation, Phantom International LLC, Plumbr, Rigor, Rigor Inc., Rocana, SIGNALSENSE Inc., SignalFx, SignalFx Australia Pty Ltd, SignalFx France SARL, SignalFx Germany GmbH, SignalFx LLC, SignalFx Netherlands B.V., SignalFx Sweden AB, SignalFx UK Limited, SignalSense, Splunk Cayman Holding Ltd., Splunk Information Technology Shanghai Co. Ltd., Splunk Ireland Limited, Splunk Services Australia Pty. Ltd., Splunk Services Belgium BV, Splunk Services Canada ULC, Splunk Services Cayman Ltd., Splunk Services Czech Republic s.r.o., Splunk Services Estonia OÜ, Splunk Services FZ-LLC, Splunk Services France SAS, Splunk Services Germany GmbH, Splunk Services Hong Kong Limited, Splunk Services India Private Limited, Splunk Services Israel Ltd., Splunk Services Japan GK, Splunk Services Korea, Splunk Services LLC, Splunk Services Malaysia Sdn. Bhd., Splunk Services Netherlands B.V., Splunk Services New Zealand Limited, Splunk Services Poland sp. z.o.o., Splunk Services Singapore Pte. Ltd., Splunk Services South Africa PTY Ltd., Splunk Services Sweden AB, Splunk Services UK Limited, Splunk Serviços do Brasil Ltda., Splunk Technology Consulting Beijing Co. Ltd., Streamlio, Streamlio Inc., TruSTAR, TruSTAR Technology Inc., VictorOps, VictorOps Inc., and twinwave.
Read More
This page (NASDAQ:SPLK) was last updated on 4/16/2024 by MarketBeat.com Staff

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