Splunk Inc. Announces CEO Succession Plan

Splunk (SPLK) Buy Rating Reaffirmed at Deutsche Bank

Deutsche 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

Splunk (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

Splunk (SPLK) CEO to Retire

Splunk Inc. (NASDAQ: SPLK), provider of the leading software platform for real-time Operational Intelligence, today announced that Godfrey Sullivan, the Companys President and Chief Executive Officer, has informed the Board of Directors that he will retire as President and Chief Executive Officer effective today, Thursday, November 19, 2015. The Board has appointed Doug Merritt, who previously served as the Companys Senior Vice President, Field Operations, as President and Chief Executive Officer of the Company and has appointed Merritt to the Board of Directors, effective Thursday, November 19, 2015. Sullivan will remain on the Board and serve as... More