Splunk (SPLK) Bullish Stance Reiterated at Oppenheimer on Beat/Raise
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November 20, 2015 9:19 AM EST
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
November 20, 2015 8:50 AM EST
Canaccord Genuity analyst, Richard Davis, published an earnings review that detailed metrics from the Splunk (NASDAQ: SPLK) quarter.
Strong results with upside in revenue, operating margin, EPS and FCF; initial, and likely conservative, F2017 guidance calls for 31% growth y-o-y; strong... More
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
November 19, 2015 4:08 PM EST
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
