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AppLovin (APP): Losing its shareholders lovin'?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
AppLovin (APP): Losing its shareholders lovin'?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
AppLovin (APP): Losing its shareholders lovin'?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
AppLovin (APP): Losing its shareholders lovin'?

Splunk Stock Price, News & Analysis (NASDAQ:SPLK)

$150.97
-0.36 (-0.24%)
(As of 12/4/2023 ET)
Compare
Today's Range
$150.90
$151.31
50-Day Range
$145.65
$151.93
52-Week Range
$81.11
$152.00
Volume
2.08 million shs
Average Volume
1.91 million shs
Market Capitalization
$25.44 billion
P/E Ratio
359.45
Dividend Yield
N/A
Price Target
$134.04

Splunk MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
11.2% Downside
$134.04 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.92
Upright™ Environmental Score
News Sentiment
0.58mentions of Splunk in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$3.29 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.

2.21 out of 5 stars

Computer And Technology Sector

255th out of 593 stocks

Prepackaged Software Industry

69th out of 198 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.

SPLK Stock Price History

SPLK Stock News Headlines

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Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Datadog is about to hit 52-week highs, and there's more to come (SPLK)
Considering Datadog's stock had fallen more than 30% since July as investors grew increasingly pessimistic, there's been a whole lot of revaluing to be done.
Atlassian fumbles the quarter but is still leading the game (SPLK)
Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leader
Splunk (NASDAQ:SPLK) Now Covered by StockNews.com
JMP Securities Reaffirms Their Hold Rating on Splunk (SPLK)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Splunk (NASDAQ:SPLK) Downgraded to Hold at Truist Financial
Truist Securities Downgrades Splunk (SPLK)
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Splunk's (SPLK) Hold Rating Reiterated at Jefferies Financial Group
Splunk Swings to 3Q Profit as Top-Line Jumps 15%
See More Headlines
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Company Calendar

Last Earnings
8/23/2023
Today
12/04/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/06/2024

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 Target
$134.04
High Stock Price Target
$157.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-11.2%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
31 Analysts

Profitability

Net Income
$-277,860,000.00
Pretax Margin
3.03%

Debt

Sales & Book Value

Annual Sales
$3.65 billion
Cash Flow
$0.47 per share
Book Value
($0.68) per share

Miscellaneous

Free Float
168,214,000
Market Cap
$25.44 billion
Optionable
Optionable
Beta
1.05

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Should I Buy Splunk Stock? SPLK Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Splunk was last updated on Tuesday, November 28, 2023 at 1:30 PM.

Pros

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

  • Splunk Inc. offers a unified security and observability platform, including Splunk Security, which helps organizations fortify their digital resilience by mitigating cyber risk and meeting compliance requirements. This can provide a competitive advantage in the market and enhance the overall security posture of the organization.
  • Splunk Inc. provides a range of application programming interfaces, software development kits, and other interfaces that enable third-party developers, partners, and customers to build content and extend its solutions to accommodate specific use cases. This promotes innovation and customization, allowing organizations to tailor Splunk's offerings to their unique needs.
  • The company has a strong presence in the prepackaged software industry, which indicates stability and market recognition. This can instill confidence in investors and attract potential customers and partners.
  • Splunk Inc. offers adoption and implementation, education, and customer support services, ensuring that customers receive comprehensive assistance throughout their journey with the company's solutions. This can lead to higher customer satisfaction and retention rates.
  • Recent financial reports indicate that Splunk Inc. has attracted significant investments from institutional investors and hedge funds. This demonstrates confidence in the company's growth potential and can be seen as a positive signal for individual investors.

Cons

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

  • The stock price of Splunk Inc. may be subject to volatility, which can pose risks for investors. It is important to carefully monitor market trends and assess the company's financial performance before making investment decisions.
  • The competitive landscape in the cloud services and licensed software industry is intense, with numerous players vying for market share. Splunk Inc. faces the challenge of maintaining its competitive edge and staying ahead of technological advancements and evolving customer demands.
  • Investing in software companies involves inherent risks, such as potential cybersecurity threats, software vulnerabilities, and regulatory compliance issues. Investors should consider these risks and evaluate the company's ability to address them effectively.
  • Fluctuations in the global economy and geopolitical factors can impact the demand for cloud services and licensed software solutions. Investors should be aware of macroeconomic trends and assess the potential impact on Splunk Inc.'s business operations and financial performance.
  • While Splunk Inc. has a strong presence in the market, there is no guarantee of future success. Investors should conduct thorough research and analysis to assess the company's growth prospects, competitive positioning, and ability to adapt to changing market dynamics.














SPLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Splunk stock right now?

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 25 hold ratings and 6 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?

31 equities research analysts have issued twelve-month price objectives for Splunk's stock. Their SPLK share price targets range from $100.00 to $157.00. On average, they anticipate the company's share price to reach $134.04 in the next year. This suggests that the stock has a possible downside of 11.2%.
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 start of the year. Since then, SPLK shares have increased by 75.4% and is now trading at $150.97.
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, March 6th 2024.
View our SPLK earnings forecast
.

How were Splunk's earnings last quarter?

Splunk Inc. (NASDAQ:SPLK) released its earnings results on Wednesday, August, 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.25. The software company earned $910.59 million during the quarter, compared to analyst estimates of $889.29 million. Splunk had a negative trailing twelve-month return on equity of 689.21% and a net margin of 2.66%. Splunk's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.94) earnings per share.

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 a number of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (6.56%), Clearbridge Investments LLC (1.44%), Legal & General Group Plc (1.20%), Ameriprise Financial Inc. (1.03%), Jericho Capital Asset Management L.P. (0.83%) and Northern Trust Corp (0.66%). 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.

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.
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This page (NASDAQ:SPLK) was last updated on 12/5/2023 by MarketBeat.com Staff

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