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BABA   86.19 (+0.33%)
AMD   98.07 (+2.20%)
T   14.88 (-0.93%)
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MU   68.21 (+0.40%)
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Splunk (SPLK) Stock Forecast, Price & News

$146.57
+0.92 (+0.63%)
(As of 09/27/2023 ET)
Compare
Today's Range
$145.64
$147.14
50-Day Range
$97.02
$145.65
52-Week Range
$65.00
$147.14
Volume
3.92 million shs
Average Volume
1.83 million shs
Market Capitalization
$24.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$131.21

Splunk MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
10.5% Downside
$131.21 Price Target
Short Interest
Healthy
3.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.97
Upright™ Environmental Score
News Sentiment
0.12mentions of Splunk in the last 14 days
Based on 90 Articles This Week
Insider Trading
Selling Shares
$4.12 M Sold Last Quarter
Proj. Earnings Growth
131.71%
From $0.41 to $0.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

245th out of 604 stocks

Prepackaged Software Industry

70th out of 209 stocks


SPLK stock logo

About Splunk (NASDAQ:SPLK) Stock

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.

SPLK Price History

SPLK Stock News Headlines

3 Growing Tech Stocks To Put On Your M&A Watchlist (SPLK)
Cisco's purchase of Splunk raises many questions, and one of them is which tech companies will be acquired next; here are three possibilities
Is Datadog a Buyout Target After Cisco's Splunk Acquisition? (SPLK)
Given the anticipated growth in cybersecurity software, Datadog may already be getting some takeover bites from large cap tech.
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Cisco buying cybersecurity firm Splunk for $28 billion, bolstering defenses as use of AI widens
Silicon Valley tech giant Cisco is buying cybersecurity firm Splunk in a $28 billion deal as it looks to keep up with potential security threats that could be brought about by the increasing use of artificial intelligence
Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
Observability is a strong theme in 2023. It refers to the ability to simultaneously monitor your information technology (IT) infrastructure and apps, like
BTIG Downgrades Splunk (SPLK)
BTIG Research Downgrades Splunk (NASDAQ:SPLK) to Neutral
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Scott Morgan Sells 4,000 Shares of Splunk Inc. (NASDAQ:SPLK) Stock
Splunk Inc. (NASDAQ:SPLK) SVP Scott Morgan Sells 4,000 Shares
Splunk (NASDAQ:SPLK) PT Raised to $157.00
Splunk (NASDAQ:SPLK) Stock Rating Reaffirmed by Wedbush
Splunk (NASDAQ:SPLK) Stock Rating Lowered by Argus
Loop Capital Downgrades Splunk (NASDAQ:SPLK) to Hold
Splunk (NASDAQ:SPLK) Stock Rating Lowered by Royal Bank of Canada
Splunk (NASDAQ:SPLK) Rating Lowered to Hold at Needham & Company LLC
See More Headlines
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SPLK Company Calendar

Last Earnings
8/23/2023
Today
9/27/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$131.21
High Stock Price Forecast
$157.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
-10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
29 Analysts

Profitability

Net Income
$-277,860,000.00
Pretax Margin
-0.29%

Debt

Sales & Book Value

Annual Sales
$3.65 billion
Cash Flow
$0.48 per share
Book Value
($0.23) per share

Miscellaneous

Free Float
167,415,000
Market Cap
$24.56 billion
Optionable
Optionable
Beta
1.23

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Key Executives

  • Mr. Gary L. SteeleMr. Gary L. Steele (Age 61)
    Pres, CEO & Director
    Comp: $9.06M
  • Mr. Brian Keith Roberts (Age 54)
    Sr. VP, CFO & Principal Financial Officer
    Comp: $586.87k
  • Mr. Scott MorganMr. Scott Morgan (Age 52)
    Sr. VP, Chief Legal Officer of Global Affairs & Sec.
    Comp: $680.94k
  • Mr. Brian A. Kayman (Age 59)
    Chief Accounting Officer
  • Ms. Wang Min
    Chief Technology Officer
  • Mr. Declan Morris
    Chief Information Officer
  • Mr. Ken Tinsley
    Head of Investor Relations
  • Ms. Claire Hockin
    Sr. VP & Chief Marketing Officer
  • Ms. Sharyl Givens
    Sr. VP & Chief People Officer
  • Mr. Ammar Maraqa
    Sr. VP & Chief Strategy Officer













SPLK Stock - Frequently Asked Questions

Should I buy or sell Splunk stock right now?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 21 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

29 Wall Street analysts have issued 1-year target prices for Splunk's shares. Their SPLK share price forecasts range from $90.00 to $157.00. On average, they expect the company's stock price to reach $131.21 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
View analysts price targets for SPLK
or view top-rated stocks among Wall Street analysts.

How have SPLK shares performed in 2023?

Splunk's stock was trading at $86.09 at the beginning of the year. Since then, SPLK shares have increased by 70.1% and is now trading at $146.44.
View the best growth stocks for 2023 here
.

When is Splunk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SPLK earnings forecast
.

How were Splunk's earnings last quarter?

Splunk Inc. (NASDAQ:SPLK) released its quarterly earnings data on Wednesday, August, 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.25. The software company earned $910.59 million during the quarter, compared to analysts' expectations of $889.29 million. Splunk had a negative trailing twelve-month return on equity of 22.78% and a negative net margin of 0.61%. Splunk's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.94) EPS.

What guidance has Splunk issued on next quarter's earnings?

Splunk updated its third quarter 2024 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.03 billion, compared to the consensus revenue estimate of $981.34 million.

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).

What is Splunk's stock symbol?

Splunk trades on the NASDAQ under the ticker symbol "SPLK."

Who are Splunk's major shareholders?

Splunk's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (12.37%), Clearbridge Investments LLC (2.60%), Starboard Value LP (2.46%), Geode Capital Management LLC (1.38%), Whale Rock Capital Management LLC (0.98%) and Barclays PLC (0.00%). Insiders that own company stock include Christian Smith, Douglas Merritt, Elisa Steele, Gary Steele, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Shawn Bice, Timothy Emanuelson and Timothy Tully.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Splunk's stock price today?

One share of SPLK stock can currently be purchased for approximately $146.44.

How much money does Splunk make?

Splunk (NASDAQ:SPLK) has a market capitalization of $24.56 billion and generates $3.65 billion in revenue each year. The software company earns $-277,860,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

How many employees does Splunk have?

The company employs 8,000 workers across the globe.

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
How can I contact Splunk?

Splunk's mailing address is 270 BRANNAN STREET, SAN FRANCISCO CA, 94107. The official website for the company is www.splunk.com. The software company can be reached via phone at (415) 848-8400, via email at ir@splunk.com, or via fax at 415-568-4259.

This page (NASDAQ:SPLK) was last updated on 9/27/2023 by MarketBeat.com Staff

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