Wall Street brokerages predict that Splunk Inc. (NASDAQ:SPLK) will post ($0.45) earnings per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Splunk’s earnings, with the highest EPS estimate coming in at ($0.41) and the lowest estimate coming in at ($0.49). Splunk posted earnings of ($0.63) per share in the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The firm is expected to announce its next earnings report on Thursday, August 24th.
On average, analysts expect that Splunk will report full year earnings of ($1.79) per share for the current fiscal year, with EPS estimates ranging from ($2.02) to ($1.40). For the next year, analysts anticipate that the company will report earnings of ($1.62) per share, with EPS estimates ranging from ($2.02) to ($0.97). Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Splunk.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The firm had revenue of $242.40 million for the quarter, compared to analyst estimates of $233.79 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year.
A number of research analysts have recently commented on SPLK shares. Mitsubishi UFJ Financial Group set a $71.00 target price on Splunk and gave the company a “buy” rating in a research note on Saturday, February 25th. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Saturday, March 4th. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Splunk in a research note on Wednesday, February 22nd. Drexel Hamilton reiterated a “buy” rating and set a $90.00 price objective on shares of Splunk in a research note on Tuesday, February 21st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $81.00 price objective on shares of Splunk in a research note on Friday, February 24th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.41.
Shares of Splunk (NASDAQ:SPLK) traded up 0.37% during trading on Wednesday, reaching $57.13. The company’s stock had a trading volume of 1,623,360 shares. Splunk has a 52-week low of $50.60 and a 52-week high of $69.23. The stock’s 50 day moving average price is $63.39 and its 200-day moving average price is $60.33. The stock’s market cap is $7.91 billion.
In other Splunk news, Director John G. Connors sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $62.87, for a total transaction of $3,143,500.00. Following the completion of the sale, the director now owns 106,470 shares of the company’s stock, valued at $6,693,768.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leonard R. Stein sold 3,825 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $61.74, for a total value of $236,155.50. Following the sale, the senior vice president now directly owns 105,609 shares of the company’s stock, valued at approximately $6,520,299.66. The disclosure for this sale can be found here. Insiders have sold 306,748 shares of company stock valued at $18,031,006 in the last three months. 3.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in SPLK. IFP Advisors Inc raised its stake in Splunk by 0.6% in the first quarter. IFP Advisors Inc now owns 3,304 shares of the software company’s stock valued at $206,000 after buying an additional 20 shares in the last quarter. Patten Group Inc. raised its stake in Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after buying an additional 75 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Splunk by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,759 shares of the software company’s stock valued at $1,542,000 after buying an additional 118 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Splunk by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,472 shares of the software company’s stock valued at $4,260,000 after buying an additional 178 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Splunk by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,588 shares of the software company’s stock valued at $209,000 after buying an additional 191 shares in the last quarter.
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Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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