11/25/2023 0 Comments Splunk inc earnings date![]() ![]() Should not be relied upon for purposes of transacting securities or other investments. All information should be independently verified and I have no business relationship with anyĬompany whose stock is mentioned in this article. I wrote this article myself, and it expresses my own opinions. Zacks, a popular stock research company, ranks the stock at 3, which means hold.ĭisclaimer: I have no positions in any of the stocks mentioned. Despite beating the S&P 500 index and software industry by a good margin in terms of stock returns, caveats like high debt ratio and losses exist for the company. ![]() The company has been innovating its products and has grown its clients across different countries. Revenue, encouragingly, will show an excellent 20% annual growth in the next few years. While being a market leader in 2019 in the ITOM market, the company is not yet profitable and is likely to remain unprofitable until the next two to three years. Also, the insiders of the company have been selling a significant number of shares over the past few months. Moreover, the company has a dangerously high debt-to-equity ratio of 96%. While continuously registering growth in its revenue, the company is not expected to turn profitable until 2024, at least. For the full year, analysts are predicting $2.44 billion revenue and a loss of $0.34 per share, which represents a 118% reduction in EPS and a 3.3% increase in revenue from the previous year. Moreover, analysts estimate that its revenue will grow at 20% per year. On the other hand, the quarterly revenue of the company will rise 0.9% to $521 million compared with the same quarter last year, as per analysts’ forecast. to register a quarterly loss of $0.32 per share, which translates to a hefty -206% change against the same quarter last year. In the last 12 months, however, the stock has gained about 56%.Īnalysts expect Splunk Inc. Starting the year at $151.98, its stock has gained roughly 32% YTD, closing on August 20, 2020, at $200.17. The company has more than 15,000 clients across 110 countries. Analysts expect the company to maintain its market leadership position in 2020 as well. ITOM's total market was worth $11.5 billion in 2019. The company leads the Information Technology Operations Management (ITOM) software market with a 13% market share, followed by Microsoft, IBM & Cisco with 9.7%, 8.4%, and 5.5% market shares, respectively. registered a splendid 32.3% year-over-year growth, with revenue of $1,496 billion, as per report from market intelligence firm, International Data Corporation (IDC). The company produces software, enabling its users to make informed decisions based on the reports generated by the software using machine-generated data. (NASDAQ: SPLK) is scheduled to announce its earnings report for the second quarter ended July 31, 2020, on August 26, 2020, after market close. ![]() Past performance is a poor indicator of future performance.Splunk Inc. ![]() In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Under no circumstances does any information posted on represent a recommendation to buy or sell a security. Is not operated by a broker, a dealer, or a registered investment adviser. Its Customer and Partner solutions include pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible user interface (UI) components, custom data visualizations, and integration actions and methods. Its Splunk Solutions include Splunk security solutions and Splunk observability solutions. The Splunk platform is a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring and data management capabilities. 2 days ago &0183 &32 Splunk negotiates price increases of 5 to 20 each year, although the higher end may be aggressive. The Splunk portfolio of offerings is delivered as a mix of cloud services offerings and on-premise licensed software offerings that customers and partners deploy in their own environments. The firm's portfolio consists of three categories of offerings: Splunk Platform, Splunk Solutions and Customer and Partner Solutions. The company is headquartered in San Francisco, California and currently employs 7,000 full-time employees. engages in the development and marketing of software solutions. ![]()
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