Splunk (SPLK) Gains After Crushing Q4 Profit Estimates, Analysts Lower PTs on Lower Q1 Revenue Guide

RBC Capital Reiterates Outperform Rating on Splunk (SPLK)

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

Splunk (SPLK) PT Lowered to $265 at Needham & Company

Needham & 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

Cowen 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

Mizuho 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

Bernstein 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

Barclays 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

Splunk (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