Splunk Announces Fiscal Second Quarter 2022 Financial Results

Splunk (SPLK) Beats Earnings Estimates, 'Strong' Quarter Prompts Analysts to Raise PTs

Splunk (NASDAQ: SPLK) saw its shares surge in extended Wednesday trading after delivering better-than-expected Q2 results.

Splunk reported negative EPS of $0.33, which is better than a loss of $0.69 expected from the market analysts. Sales for the quarter came in at $606M versus the consensus estimate of $562.82 million.

Our team delivered another strong quarter, validating the high strategic value we deliver to the worlds largest and most dynamic organizations, said Doug... More

Splunk (SPLK) PT Raised to $190 at BofA Securities

BofA Securities analyst Brad Sills raised the price target on Splunk (NASDAQ: SPLK) to $190.00 (from $180.00) while maintaining a Buy rating.

Splunk (SPLK) PT Raised to $160 at Cowen

Cowen analyst Derrick Wood raised the price target on Splunk (NASDAQ: SPLK) to $160.00 (from $140.00) while maintaining a Market Perform rating following earnings.

The analyst commented, "SPLK reported a solid 2Q w/ revs & ARR above our ests, largely due to term stregnth... More

Splunk (SPLK) PT Raised to $165 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Splunk (NASDAQ: SPLK) to $165.00 (from $155.00) while maintaining a Neutral rating.

The analyst commented, "SPLK's F2Q was very solid, as ARR growth of 37% Y/Y modestly exceeded our and Street expectations of... More

Splunk (SPLK) PT Raised to $203 at Needham & Company

Needham & Company analyst Jack Andrews raised the price target on Splunk (NASDAQ: SPLK) to $203.00 (from $198.00) while maintaining a Buy rating.

The analyst commented, "We are encouraged by SPLKs clean 2QFY22 results, and believe that sentiment should continue to strengthen as controversy ebbs and... More

Splunk (SPLK) Tops Q2 EPS by 36c

Splunk (NASDAQ: SPLK) reported Q2 EPS of ($0.33), $0.36 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $606M versus the consensus estimate of $562.82 million.

GUIDANCE:

Splunk sees FY2022 revenue of $2.53-2.6 billion, versus the consensus of $2.53... More