Splunk (SPLK) PT Lowered to $125 at Deutsche Bank

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Go back to Splunk (SPLK) PT Lowered to $125 at Deutsche Bank

Splunk (SPLK) Stock Rises After Earnings Beat, Results Seen as 'Solid'

May 26, 2022 7:33 AM EDT

Shares of Splunk (NASDAQ: SPLK) are up more than 5% in premarket trading Thursday after the software maker reported better-than-expected Q1 revenue and hiked its full-year forecast.

Splunk reported an adjusted loss per share of 32c in the first quarter, down from a loss per share of 91c in the same period last year. Revenue totaled $674.1 million in the first quarter, up 34% YoY and above the analyst consensus of $622.1 million

The Q1 gross margin stood at 70%, compared to 65.8% in the year-ago period and consensus estimates of 73.5%. Adjusted operating margin was down 8.5% in the... More