Analysts expect that Splunk Inc (NASDAQ:SPLK) will announce sales of $395.73 million for the current fiscal quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Splunk’s earnings, with the lowest sales estimate coming in at $393.56 million and the highest estimate coming in at $404.60 million. Splunk reported sales of $311.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, May 23rd.
On average, analysts expect that Splunk will report full year sales of $2.21 billion for the current financial year, with estimates ranging from $2.15 billion to $2.26 billion. For the next year, analysts expect that the business will report sales of $2.68 billion, with estimates ranging from $2.60 billion to $2.73 billion. Zacks’ sales 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, February 28th. The software company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Splunk had a negative return on equity of 14.59% and a negative net margin of 15.28%. The company had revenue of $622.09 million for the quarter, compared to analyst estimates of $562.22 million.
Shares of SPLK stock opened at $136.49 on Friday. Splunk has a one year low of $83.69 and a one year high of $143.70. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.07. The company has a market cap of $20.50 billion, a P/E ratio of -85.84 and a beta of 2.03.
In other news, General Counsel Scott Morgan sold 1,366 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $124.49, for a total value of $170,053.34. Following the completion of the transaction, the general counsel now directly owns 46,807 shares in the company, valued at $5,827,003.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $123.00, for a total transaction of $1,076,250.00. Following the completion of the transaction, the director now owns 182,155 shares of the company’s stock, valued at $22,405,065. The disclosure for this sale can be found here. Insiders sold 124,271 shares of company stock valued at $15,613,440 over the last 90 days. Insiders own 0.36% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Splunk by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock valued at $377,486,000 after purchasing an additional 219,247 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Splunk by 32.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 229,423 shares of the software company’s stock valued at $27,740,000 after purchasing an additional 56,045 shares during the period. Legal & General Group Plc lifted its stake in shares of Splunk by 4.1% in the 3rd quarter. Legal & General Group Plc now owns 801,771 shares of the software company’s stock valued at $96,942,000 after purchasing an additional 31,601 shares during the period. Vanguard Group Inc lifted its stake in shares of Splunk by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock valued at $1,508,569,000 after purchasing an additional 37,885 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Splunk by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 18,100 shares of the software company’s stock valued at $1,897,000 after purchasing an additional 348 shares during the period. Institutional investors and hedge funds own 93.65% of the company’s stock.
Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to investigate, monitor, analyze, and act on data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; Splunk Cloud; and Splunk Light, which offers log search and analysis for small IT environments.
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