Streetbeat News

SPLK

Splunk Inc

https://www.splunk.com/

CEO

Douglas Merritt

Employees

10,336

Industry

Software Publishers

splunk inc. (nasdaq: splk) was founded to pursue a disruptive new vision: make machine data accessible, usable and valuable to everyone. machine data is one of the fastest growing and most valuable parts of big data -- generated by every component of it infrastructures, applications, mobile devices, website clickstreams, social data, sensors and more. splunk is the leading software platform for machine data that enables customers to gain real-time operational intelligence. our company's mission is to address the challenges and opportunities of managing massive streams of machine-generated big data. more than three quarters of the fortune 100 and thousands of enterprises, universities, government agencies and service providers use splunk software to harness the power of their machine data for application management, it operations, security, web intelligence, customer and business analytics and more. splunk helps customers solve problems in ways they could never dream before. with splunk

Open

156.93

Mkt cap

26B

Volume

18M

High

156.97

P/E Ratio

103.22

52-wk high

156.97

Low

156.90

Div yield

N/A

52-wk low

82.19

Cisco and Splunk have unveiled a new integrated full-stack observability experience aimed at providing customers with enhanced visibility and real-time insights across their digital environments. This integration is designed to support both traditional and modern application architectures, offering a cohesive experience and setting the stage for future innovations.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:08 pm

SentinelOne Inc (NYSE:S) received mixed analyst ratings despite reporting solid Q4 results, with revenue and ARR beating expectations. JMP Securities reiterated a Market Outperform with a $33 price target, highlighting SentinelOne's AI-driven security and market growth potential. DA Davidson maintained a Neutral rating but raised the price target from $22 to $24, citing full valuation despite robust technology. Needham reiterated a Buy rating with a $31 price target, impressed by the company's growth and operating margin improvement. The company's stock traded lower by 18.12% at $22.88. A significant deal was mentioned where a major energy company replaced Splunk Inc's (NASDAQ:SPLK) SIEM with SentinelOne's Singularity Data Lake.

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 7:07 pm

Splunk (NASDAQ:SPLK) reported Q4 2024 adjusted EPS of $3.43, surpassing the $1.95 estimate, and sales of $1.49B, exceeding the $1.28B estimate. This represents a 68.14% increase in earnings and an 18.78% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:14 pm

Splunk's (NYSE:SPLK) short interest has increased by 14.23% since the last report, with 4.99 million shares sold short, representing 2.97% of its float. This indicates a bearish market sentiment towards SPLK, although it has less short interest compared to its peers' average of 3.00%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Splunk's (NYSE:SPLK) short interest has decreased by 14.75% since the last report, with 4.37 million shares sold short, representing 2.6% of its float. This decrease in short interest could indicate a more bullish sentiment towards SPLK among investors. Compared to its peers, SPLK has a lower short interest percentage of 2.6% versus the peer group average of 3.07%.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:45 pm

The Nasdaq 100 Index is set to record its best year since 1999, with a 55% increase in performance, driven by AI advancements and a dovish pivot by the Federal Reserve. The tech-heavy Invesco QQQ Trust and SPDR S&P 500 ETF Trust saw significant inflows. Semiconductor companies like NVIDIA and Advanced Micro Devices are among the top performers. The Fed's softer stance on interest rates has made tech stocks more attractive, while the Invesco Equal Weight 0-30 Year Treasury ETF also experienced a notable rally.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 2:44 pm

Splunk (NYSE:SPLK) has seen a 3.61% rise in short interest since the last report, with 3.39 million shares sold short, representing 2.01% of available shares. The short interest is below the peer group average of 3.00%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. It takes traders approximately 1.34 days to cover short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 3:15 pm

CDW Corp, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies, and Splunk have been added to the Nasdaq-100 Index. This inclusion could potentially increase investor interest and trading volumes in these stocks due to the index's popularity and the funds that track it.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:42 pm

Lucid Group, eBay, Align Technology, Enphase Energy, JD.com, and Zoom Video Communications have been removed from the Nasdaq 100 Index. They will be replaced by CDW Corporation, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies, and Splunk Inc. The Nasdaq 100 Index includes 100 of the largest Nasdaq-listed non-financial companies, and membership can influence stock demand. Lucid and JD.com have faced production and regulatory challenges, respectively, while Zoom and eBay are dealing with competitive and macroeconomic pressures. The Invesco QQQ Trust, which tracks the Nasdaq 100, rose slightly on the announcement day.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 5:09 am

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