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NASDAQ:SPLK

Splunk (SPLK) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$156.90
$156.90
50-Day Range
$156.21
$156.90
52-Week Range
$82.19
$156.97
Volume
1,400 shs
Average Volume
2.08 million shs
Market Capitalization
$26.44 billion
P/E Ratio
124.52
Dividend Yield
N/A
Price Target
$136.88

Splunk MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
12.8% Downside
$136.88 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
N/A
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.

1.07 out of 5 stars

Computer And Technology Sector

545th out of 612 stocks

Software - Infrastructure Industry

1st out of 1 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 News Headlines

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SPLK May 2024 170.000 call
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Company Calendar

Last Earnings
8/23/2023
Today
7/26/2024
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
$136.88
High Stock Price Target
$157.00
Low Stock Price Target
$105.00
Potential Upside/Downside
-12.8%
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

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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 Inc. has a strong presence in the cloud services and licensed software solutions market, offering a unified security and observability platform that helps organizations fortify their digital resilience.
  • Recent developments show that Splunk Security assists in mitigating cyber risks and meeting compliance requirements, which is crucial in today's digital landscape.
  • Splunk Observability provides comprehensive visibility across infrastructure, applications, and customer experience, enabling better monitoring and optimization of digital operations.
  • The company's network of third-party developers and partners allows for continuous innovation and customization of solutions to meet specific use cases, enhancing the overall value proposition.
  • Considering the current stock price, Splunk Inc. presents a potential opportunity for investors looking to capitalize on the company's growth prospects and market position.

Cons

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

  • While Splunk Inc. operates in a competitive market, the software infrastructure industry can be volatile, leading to potential challenges in maintaining market share and profitability.
  • Fluctuations in the technology sector and changing customer preferences may impact Splunk's product adoption rates and revenue streams, posing risks to investor returns.
  • Investors should consider the potential impact of macroeconomic factors on Splunk Inc.'s performance, as economic downturns or regulatory changes could affect the company's financial stability.
  • Despite its innovative solutions, Splunk Inc. faces the challenge of continuously evolving cybersecurity threats and technological advancements, requiring ongoing investments in research and development.
  • Market uncertainties and shifts in customer demand could influence Splunk Inc.'s growth trajectory and competitive positioning, warranting a cautious approach to investment decisions.
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 Friday, June 28, 2024. Please send any questions or comments about these Splunk pros and cons to contact@marketbeat.com.

SPLK Stock Analysis - Frequently Asked Questions

How were Splunk's earnings last quarter?

Splunk Inc. (NASDAQ:SPLK) issued its quarterly earnings results on Wednesday, August, 23rd. The software company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.25. Splunk's revenue was up 14.0% compared to the same quarter last year.

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.

Does Splunk have any subsidiaries?

Splunk subsidiaries include twinwave, TruSTAR, Flowmill, Rigor, Plumbr, Streamlio, SignalFx, and more.

Who are Splunk's major shareholders?

Top institutional investors of Splunk include Summit Securities Group LLC. Insiders that own company stock include Gary Steele, Christian Smith, Shawn Bice, Scott Morgan, Timothy Emanuelson, Elisa Steele, Jason Child, Douglas Merritt and Graham Smith.
View institutional ownership trends
.

What other stocks do shareholders of Splunk own?

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

This page (NASDAQ:SPLK) was last updated on 7/26/2024 by MarketBeat.com Staff

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