Splunk (SPLK) Names Sean Boyle to Board

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Citi Upgrades Splunk (SPLK) to Neutral

August 27, 2020 8:26 AM EDT

Citi analyst Walter Pritchard upgraded Splunk (NASDAQ: SPLK) from Sell to Neutral with a price target of $234.00 (from $105.00).

The analyst comments "FY23 targets look less aggressive on the back of an uptick in cloud ARR growth, which we see as more sustainable than... More

Splunk (SPLK) PT Raised to $240 at DA Davidson

August 27, 2020 8:14 AM EDT

DA Davidson analyst Andrew Nowinski raised the price target on Splunk (NASDAQ: SPLK) to $240.00 (from $190.00) while maintaining a Buy rating following the company's 2Q earnings report. Splunk missed guidance for the second quarter in a row, though cloud revenue continued to exceed expectations. Revenue of... More

Splunk (SPLK) Reports In-Line Q2 EPS, Revenues Miss; Offers 3Q Revenue Guidance Below Consensus

August 26, 2020 4:04 PM EDT

Splunk (NASDAQ: SPLK) reported Q2 EPS of ($0.33), in-line with the analyst estimate of ($0.33). Revenue for the quarter came in at $492 million versus the consensus estimate of $522.52 million.

Second Quarter 2021 Financial Highlights

Cloud ARR was $568 million, up 89% year-over-year.Total ARR was $1.93 billion, up 50% year-over-year.Cloud revenue was $126 million, up 79% year-over-year.Total revenues were $492 million, down 5% year-over-year.396 customers with ARR greater than $1 million.

As organizations... More

Workday (WDAY), Others Trade Higher in Sympathy with Salesforce (CRM)

August 25, 2020 4:20 PM EDT

Workday (NASDAQ: WDAY) and other Salesforce (NYSE: CRM) peers traded higher post-market following Salesforce's blowout results.

Salesforce gained 9.35%, Workday was up 3%.

Update:

ServiceNow (NYSE: NOW) and Splunk (NASDAQ: SPLK) also gained.

... More

Splunk (SPLK) PT Raised to $210 at JPMorgan

August 25, 2020 11:19 AM EDT

JPMorgan analyst Mark R. Murphy raised the price target on Splunk (NASDAQ: SPLK) to $210.00 (from $190.00) while maintaining a Overweight rating.

... More