Splunk Announces Fiscal Third Quarter 2022 Financial Results

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Splunk (SPLK) PT Lowered to $181 at Needham & Company

December 2, 2021 7:27 AM EST

Needham & Company analyst Jack Andrews lowered the price target on Splunk (NASDAQ: SPLK) to $181.00 (from $203.00) while maintaining a Buy rating.

The analyst commented, "We are encouraged by SPLKs 3QFY22 results for three reasons: 1) investors had an opportunity to learn more context... More

Splunk (SPLK) PT Lowered to $205 at Goldman Sachs

December 2, 2021 7:03 AM EST

Goldman Sachs analyst Kash Rangan lowered the price target on Splunk (NASDAQ: SPLK) to $205.00 (from $215.00) while maintaining a Buy rating following results.

The analyst commented, "With management guiding cloud to reach 50%+ of ARR mix in F23, and cloud mix of total software... More

Splunk (SPLK) PT Lowered to $130 at Cowen

December 2, 2021 6:47 AM EST

Cowen analyst Derrick Wood lowered the price target on Splunk (NASDAQ: SPLK) to $130.00 (from $160.00) while maintaining a Market Perform rating.

The analyst commented, "Consistent w/ pre-announcement, SPLK reported 3Q ARR in-line w/ our ests while revs were slightly above. 4Q ARR... More

Splunk (SPLK) Tops Q3 EPS by 44c; Guides Q4 Revenues Below Street

December 1, 2021 4:04 PM EST

Splunk (NASDAQ: SPLK) reported Q3 EPS of ($0.07), $0.44 better than the analyst estimate of ($0.51). Revenue for the quarter came in at $665 million versus the consensus estimate of $646.63 million.

Cloud ARR was $1.11 billion, up 75% year-over-year.Total ARR was $2.83 billion, up 37% year-over-year.

Q3 marked a significant milestone for Splunk as it was... More