Somewhat Positive News Coverage Extremely Likely to Impact Splunk (SPLK) Share Price
Media headlines about Splunk (NASDAQ:SPLK) have trended somewhat positive on Friday, Alpha One Sentiment reports. Alpha One, a unit of Accern, ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a media sentiment score of 0.10 on Alpha One’s scale. Alpha One also gave news coverage about the software company an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected AlphaOne Sentiment’s scoring:
- Splunk’s (SPLK) Buy Rating Reaffirmed at Royal Bank of Canada (americanbankingnews.com)
- Technical Indicator Check on Shares of Splunk Inc (SPLK) – SKV News (skvnews.com)
- Splunk Named One of the “Best Places to Work” for 10th Consecutive Year (tmcnet.com)
- Splunk Named One of the “Best Places to Work” for 10th Consecutive Year (finance.yahoo.com)
- Somewhat Critical Press Coverage Very Likely to Affect Splunk (SPLK) Share Price (americanbankingnews.com)
Shares of Splunk (NASDAQ:SPLK) traded up 0.66% during trading on Friday, reaching $62.44. The company had a trading volume of 793,631 shares. The stock’s 50-day moving average price is $61.28 and its 200-day moving average price is $58.91. Splunk has a 52 week low of $45.07 and a 52 week high of $66.46. The company’s market capitalization is $8.63 billion.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, February 23rd. The software company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The firm had revenue of $306.50 million for the quarter, compared to analyst estimates of $288.15 million. Splunk had a negative net margin of 41.72% and a negative return on equity of 41.28%. The business’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. On average, equities analysts expect that Splunk will post $0.60 EPS for the current fiscal year.
A number of brokerages have recently weighed in on SPLK. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Splunk in a research report on Wednesday, February 22nd. MKM Partners reiterated a “neutral” rating and issued a $60.00 price objective on shares of Splunk in a research report on Wednesday, February 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 price objective on shares of Splunk in a research report on Friday, February 24th. Drexel Hamilton lifted their price objective on Splunk from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $75.00 price objective (down from $78.00) on shares of Splunk in a research report on Friday, February 24th. Ten investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $70.61.
In other news, SVP Leonard R. Stein sold 8,791 shares of Splunk stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $60.00, for a total transaction of $527,460.00. Following the sale, the senior vice president now owns 81,449 shares of the company’s stock, valued at approximately $4,886,940. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Leonard R. Stein sold 1,209 shares of Splunk stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $60.00, for a total transaction of $72,540.00. Following the sale, the senior vice president now directly owns 90,240 shares in the company, valued at approximately $5,414,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 429,255 shares of company stock worth $26,484,687. Corporate insiders own 3.00% of the company’s stock.
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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