News stories about Splunk (NASDAQ:SPLK) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the software company an impact score of 45.9660866942049 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Splunk (SPLK) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Splunk Inc. (SPLK) projected to achieve earnings growth of -20.60% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Splunk Inc. (NASDAQ:SPLK) – Trending Hot Stock’s Analysis – Nasdaq Journal (nasdaqjournal.com)
- 'Worlds are being disrupted' by our data-driven approach:… (finance.yahoo.com)
- Data-driven approach will disrupt worlds: Splunk CEO (finance.yahoo.com)
A number of research analysts have recently weighed in on SPLK shares. Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $105.00 in a research report on Monday, January 8th. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, January 19th. Deutsche Bank raised their price objective on Splunk to $100.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Maxim Group raised their price objective on Splunk from $79.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective (up previously from $76.00) on shares of Splunk in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $98.26.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. equities analysts anticipate that Splunk will post -1.21 earnings per share for the current fiscal year.
In other news, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.43% of the company’s stock.
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Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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