Somewhat Positive Press Coverage Somewhat Unlikely to Affect Splunk (SPLK) Stock Price
News coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Splunk earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the software company an impact score of 45.2796469197304 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Splunk Inc. (SPLK): Ownership and Basic Trading Data – Market Movers (financialqz.com)
- Splunk Inc. (NASDAQ:SPLK) – Is P/E & PEG The Same Thing – Nasdaq Journal (press release) (nasdaqjournal.com)
- ETFs with exposure to Splunk, Inc. : December 18, 2017 (finance.yahoo.com)
- $390.46 Million in Sales Expected for Splunk Inc (SPLK) This Quarter (americanbankingnews.com)
- Magic Software Enterprises (MGIC) versus Splunk (SPLK) Financial Comparison (americanbankingnews.com)
SPLK has been the topic of a number of recent analyst reports. Robert W. Baird reissued an “average” rating and set a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday, November 20th. Mitsubishi UFJ Financial Group reissued a “buy” rating and set a $75.00 price target on shares of Splunk in a report on Friday, August 25th. Jefferies Group reissued a “buy” rating and set a $81.00 price target on shares of Splunk in a report on Thursday, August 24th. Canaccord Genuity reissued a “buy” rating and set a $80.00 price target (up from $75.00) on shares of Splunk in a report on Tuesday, August 22nd. Finally, Drexel Hamilton reissued a “buy” rating and set a $93.00 price target on shares of Splunk in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $82.88.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The firm had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. research analysts anticipate that Splunk will post -1.3 EPS for the current fiscal year.
In other Splunk news, SVP Ledger Susan St. sold 677 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $69.52, for a total transaction of $47,065.04. Following the sale, the senior vice president now directly owns 168,376 shares of the company’s stock, valued at $11,705,499.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The disclosure for this sale can be found here. Insiders have sold 361,713 shares of company stock worth $24,468,457 over the last three months. 1.43% of the stock is currently owned by insiders.
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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