Splunk (SPLK) Earning Somewhat Favorable News Coverage, Report Shows
Headlines about Splunk (NASDAQ:SPLK) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. 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 daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the software company an impact score of 46.2331110873353 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Morning Movers: Sarepta Jumps, Bluebird Bio Drops, MGM Slumps (nasdaq.com)
- Splunk Inc (SPLK) Expected to Announce Quarterly Sales of $309.01 Million (americanbankingnews.com)
- Splunk Inc. (SPLK) Given a $75.00 Price Target at Robert W. Baird (americanbankingnews.com)
- Top Analyst Upgrades and Downgrades: AbbVie, Baker Hughes, CSX, Micron, Nucor, PepsiCo, Western Digital and More (msn.com)
- Brokerages Expect Splunk Inc. (SPLK) to Post $0.14 Earnings Per Share (americanbankingnews.com)
Splunk (NASDAQ SPLK) opened at 66.43 on Friday. Splunk has a one year low of $50.64 and a one year high of $69.61. The firm has a 50-day moving average price of $65.91 and a 200-day moving average price of $62.44. The firm’s market capitalization is $9.30 billion.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The business’s revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Analysts expect that Splunk will post $0.54 EPS for the current year.
SPLK has been the subject of a number of analyst reports. Drexel Hamilton reissued a “buy” rating and set a $93.00 price objective on shares of Splunk in a report on Thursday, July 13th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Splunk in a report on Monday, July 31st. Mitsubishi UFJ Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Splunk in a report on Friday, August 25th. Finally, UBS AG reissued a “buy” rating and set a $74.00 price objective on shares of Splunk in a report on Friday, August 25th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus target price of $73.06.
In other Splunk news, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $60.27, for a total value of $2,410,800.00. Following the sale, the director now directly owns 789,540 shares in the company, valued at $47,585,575.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David F. Conte sold 21,589 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $68.99, for a total value of $1,489,425.11. Following the completion of the sale, the chief financial officer now owns 161,022 shares in the company, valued at $11,108,907.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 588,881 shares of company stock worth $37,078,452. Corporate insiders own 1.43% 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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