![]() ![]() Upon deciding you want to buy SPLUNK INC. Before buying any stock or share one has to consider a few factors. The 12-month stock price forecast is 135.6, which is a decrease of -10.42 from the. Splunk’s stock has shown some volatility in the past year, but has gained overall. stocks / shares A Step by Step Guide how to Buy / Purchase SPLUNK INC. According to 32 analysts, the average rating for SPLK stock is Hold. “Macro remains a wild card, especially as it relates to any impact from the recent banking turmoil, as we think financial services is one of the larger verticals for the company, although Splunk likely has relatively more exposure to bigger banks as opposed to smaller regional banks,” JP Morgan analysts warned in a preview of Splunk’s earnings, while maintaining a neutral rating on the stock. ![]() The software company faces an uncertain environment for tech spending, especially for its banking customers, who have faced a crisis in 2023 that has trickled down to their preferred software providers such as Tenable Holdings Inc. Splunk has undergone seismic changes in the past couple of years, changing both its chief executive and chief financial officer amid a growth slowdown, and laying off more than 300 workers earlier this year. “Splunk delivered another solid quarter and once again delivered durable growth with increasing profitability and free cash flow,” Chief Executive Gary Steele said in a statement. Analysts on average expected and adjusted loss of 14 cents a share on sales of $723 million, according to FactSet. After adjusting for stock compensation, restructuring costs and other effects, the company reported earnings of 18 cents a share, improving from an adjusted loss of 32 cents a share a year ago. Analysts on average were expecting second-quarter sales of $868 million, according to FactSet.įor the fiscal first quarter, Splunk reported a loss of $196.4 million, or $1.19 a share, on sales of $419.4 million, up from $674 million a year ago. Over the next 52 weeks, Splunk has on average historically risen by 27.1 based on the past 11 years of stock performance. Executives on Wednesday guided for second-quarter revenue of $880 million to $895 million, and tweaked their annual forecast to increase targets for adjusted operating margin and free cash flow. ![]()
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