Splunk Inc. Announces Fiscal Third Quarter 2018 Financial Results

Splunk (SPLK) PT Raised to $80 at UBS Following 3Q

UBS raised its price target on Splunk (NASDAQ: SPLK) to $80.00 (from $74.00) while maintaining a Buy rating following the company's 3Q report. Splunk made it two strong beats in a row as FQ3 license revs of $180M topped the Street's $165M, with YoY growth... More

Splunk (SPLK) PT Raised to $85 at Deutsche Bank

Deutsche Bank raised its price target on Splunk (NASDAQ: SPLK) to $85.00 (from $75.00) while maintaining a Buy rating following Q3 beat and raised guidance.

Analyst Karl Keirstead notes license growth accelerated again to 29%, the total revs beat against the high end of the... More

Splunk (SPLK) PT Raised to $80 at KeyBanc Following 3Q Report

KeyBanc raised its price target on Splunk (NASDAQ: SPLK) to $80.00 (from $70.00) while maintaining a Overweight rating following the company's 3Q. F3Q results impressed, as Splunk exceeded estimates across most major operating metrics. Revenue and billings growth of 34.3% y/y and 38.0% y/y, respectively, showed... More

Splunk (SPLK) PT Raised to $95 at BTIG Following 3Q Release

BTIG raised its price target on Splunk (NASDAQ: SPLK) to $95.00 (from $80.00) while maintaining a Buy rating following the company's 3Q. Splunk again delivered a strong quarter, with revenue and billings both coming in well ahead of our/consensus estimates and with a FY revenue... More

Splunk (SPLK) PT Raised to $95 at BofA/Merrill Lynch

BofA/Merrill Lynch raised its price target on Splunk (NASDAQ: SPLK) to $95.00 (from $80.00) while maintaining a Buy rating following 3Q. SPLK printed 38% y/y billings growth, 34% growth in core license + cloud revenue and 180bps beat in operating margin. Stock is up 14% AH... More

Splunk (SPLK) PT Raised to $75 at Stifel Following 3Q

Stifel raised its price target on Splunk (NASDAQ: SPLK) to $75.00 (from $61.00) while maintaining a Hold rating following the company's 3Q. Splunk delivered EPS/revenue of $0.17/$328.7M that came in well above revenue guidance of $307M-$309M and forecasts of $0.13/$308.1M. The top-line beat was... More

Splunk (SPLK) PT Raised to $96 at Maxim Group

Maxim Group raised its price target on Splunk (NASDAQ: SPLK) to $96.00 (from $79.00) while maintaining a Buy rating following resuls.

Analyst Nehal Chokshi said normalized sales productivity trending better than prior long-term estimate.

Splunk (SPLK) Tops Q3 EPS by 3c; Raises Outlook

Splunk (NASDAQ: SPLK) reported Q3 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $328.7 million versus the consensus estimate of $309.19 million.

GUIDANCE:

Splunk sees Q4 2018 revenue of $388-390 million, versus the consensus of $383.6... More