Splunk Inc. Announces Fiscal Third Quarter 2016 Financial Results
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Splunk (SPLK) Buy Rating Reaffirmed at Deutsche Bank
November 20, 2015 9:19 AM ESTDeutsche Bank reaffirmed its Buy rating on Splunk (NASDAQ: SPLK) with a price target of $80. Comments follow the company's strong Q3 print and news of the retirement of CEO Godfrey Sullivan. Analyst Karl Keirstead said Sullivan's retirement is not indicative of any Splunk weakness and the new CEO Doug Merritt appears strong.
"The 45% license growth rate performance was surprising, as we had been expecting a strong 4QF16 and... More
Splunk (SPLK) Bullish Stance Reiterated at Oppenheimer on Beat/Raise
November 20, 2015 6:58 AM ESTSplunk (NASDAQ: SPLK) posted revenue of $174.4M, up 50% y/y, and ahead of the consensus $160.2M. Non-GAAP EPS of $0.05 beat the consensus $0.02. License revenue rose 44% y/y to $104M; maintenance and services revenue grew 59% y/y to $70.3M.
Oppenheimer analyst, Shaul Eyal, attributes the strength in the... More
UPDATE: Splunk (SPLK) Tops Q3 EPS by 4c, Offers Q4 Guidance; Offers FY17 Guidance
November 19, 2015 4:10 PM EST(Updated - November 19, 2015 4:29 PM EST)
(Update corrects EPS)
Splunk (NASDAQ: SPLK) reported Q3 EPS of $0.05, $0.04 better than the analyst estimate of $0.01. Revenue for the quarter came in at $174.4 million versus the consensus estimate of $160.2 million.
We are excited... More
