Splunk (SPLK) PT Lowered to $117 at Deutsche Bank

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Go back to Splunk (SPLK) PT Lowered to $117 at Deutsche Bank

Splunk (SPLK) Drops 10% After Results, Guide Down 'Not Expected'

August 25, 2022 8:33 AM EDT

Shares of Splunk (NASDAQ: SPLK) are down over 10% after the company reported results.

Splunk reported revenues of $798.8 million, better than the analyst estimate of $747.4 million. Annual recurring revenue (ARR) came in at $3.33 billion, slightly below the estimate of $3.42 billion.

For this quarter, the company said it expects to record revenues between $835 million and $855 million, which is ahead of the $833.2 million consensus.

We also delivered substantially higher non-GAAP operating margin for the... More