Splunk (SPLK) Gains After Crushing Q4 Profit Estimates, Analysts Lower PTs on Lower Q1 Revenue Guide
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RBC Capital Reiterates Outperform Rating on Splunk (SPLK)
March 4, 2021 6:44 AM ESTRBC 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
Splunk (SPLK) PT Lowered to $265 at Needham & Company
March 4, 2021 6:30 AM ESTNeedham & Company analyst Jack Andrews lowered the price target on Splunk (NASDAQ: SPLK) to $265.00 (from $275.00) while maintaining a Buy rating.
The analyst commented, "We believe SPLKs 4QFY21 earnings report may, with the benefit of time, represent a significant inflection point that serves to... More
Splunk (SPLK) PT Lowered to $160 at Cowen
March 4, 2021 6:29 AM ESTCowen analyst Derrick Wood lowered the price target on Splunk (NASDAQ: SPLK) to $160.00 (from $175.00) while maintaining a Market Perform rating.
The analyst commented, "SPLK reported a good 4Q w/ ARR, revs & margins above Street aided by closing of some of... More
Splunk (SPLK) PT Lowered to $180 at Mizuho Securities on Guidance
March 4, 2021 6:17 AM ESTMizuho Securities analyst Gregg Moskowitz lowered the price target on Splunk (NASDAQ: SPLK) to $180.00 (from $190.00) after the company rebounded from a poor October quarter with a much better F4Q, as License revenue and EPS significantly outperformed, and Cloud ARR accelerated. However,... More
Splunk (SPLK) PT Lowered to $169 at Bernstein
March 4, 2021 6:08 AM ESTBernstein analyst Mark Moerdler lowered the price target on Splunk (NASDAQ: SPLK) to $169.00 (from $173.00) while maintaining a Market Perform rating.... More
Splunk (SPLK) PT Lowered to $206 at Barclays
March 4, 2021 5:24 AM ESTBarclays analyst Raimo Lenschow lowered the price target on Splunk (NASDAQ: SPLK) to $206.00 (from $220.00) while maintaining a Overweight rating.... More
Splunk (SPLK) Tops Q4 EPS by 34c, Q1 Revenue Guidance Misses
March 3, 2021 4:04 PM ESTSplunk (NASDAQ: SPLK) reported Q4 EPS of $0.38, $0.34 better than the analyst estimate of $0.04. Revenue for the quarter came in at $745 million versus the consensus estimate of $682.21 million.
GUIDANCE:
Splunk sees Q1 2022 revenue of $480-500 million, versus the consensus of $507.3... More
