News articles about Splunk (NASDAQ:SPLK) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media headlines about the software company an impact score of 46.5924189669632 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Zacks: Brokerages Anticipate Splunk Inc (SPLK) Will Announce Earnings of -$0.09 Per Share (americanbankingnews.com)
- Splunk Inc. (SPLK) : Investors need to focus on Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Splunk (SPLK) Upgraded at Argus (americanbankingnews.com)
- Splunk Inc. (NASDAQ:SPLK) – Hot Stock in Focus – Nasdaq Journal (nasdaqjournal.com)
- A quick recap Technical data on Splunk Inc. (SPLK) – Wall Street Morning (wallstreetmorning.com)
SPLK has been the subject of several recent research reports. Robert W. Baird restated an “average” rating and issued a $85.00 price target (up previously from $75.00) on shares of Splunk in a report on Monday, November 20th. Bank of America boosted their price target on shares of Splunk from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, November 17th. BTIG Research boosted their price target on shares of Splunk from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, November 17th. Deutsche Bank boosted their price target on shares of Splunk from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Maxim Group boosted their price target on shares of Splunk from $79.00 to $96.00 and gave the company a “buy” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $98.26.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $419.70 million for the quarter, compared to the consensus estimate of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. Splunk’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. analysts predict that Splunk will post -1.21 EPS for the current year.
In other Splunk news, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas Merritt sold 10,126 shares of Splunk stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total transaction of $810,586.30. Following the sale, the insider now owns 189,079 shares of the company’s stock, valued at $15,135,773.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,720 shares of company stock worth $2,477,118. 1.43% of the stock is owned by insiders.
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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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