Splunk (SPLK) Tops Q2 EPS by 36c

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) weekly option IV increases into quarter results and outlook

Splunk (NASDAQ: SPLK) August weekly call option implied volatility is at 135, September is at 53; compared to its 52-week range of 32 to 63 into the expected release of quarter results today after the bell. Call put ratio 1.6 calls to 1 put with focus on January 160 calls.

Splunk (SPLK) call put ratio 8 calls to 1 put into quarter results and outlook

Splunk (NASDAQ: SPLK) August weekly call option implied volatility is at 108, September is at 51; compared to its 52-week range of 32 to 63 into the expected release of quarter results on after the bell on August 25. Call put ratio 8 calls to 1 put with focus on January 160 calls.