Splunk (SPLK) Tops Q4 EPS by 34c, Q1 Revenue Guidance Misses
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March 4, 2021 7:00 AM EST
Shares of Splunk (NASDAQ: SPLK) are up 3.4% in pre-open trading Thursday after the company reported better-than-expected profit for its fourth quarter ended January 31.
The data analytics company recorded an adjusted profit of $0.38 per share to smash the analyst consensus of a profit of $0.04 per share. Revenue came in at $745 million, again easily topping the $686 expected from market analysts.
The markets demand for data-driven solutions that enable digital and cloud transformation has never been higher. We now have more than 500 customers investing over $1 million annually in our platform and solutions.... More
March 4, 2021 6:44 AM EST
RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $235.00 price target on Splunk (NASDAQ: SPLK) following a 4Q review. Splunk delivered a nice bounce-back quarter with results better-than-expected as several of the large, pushed deals from Q3/21 closed and procurement patterns... More
