Press coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive on Thursday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Splunk earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the software company an impact score of 45.9919819698763 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Tiling Stocks: Splunk Inc., (NASDAQ: SPLK), CF Industries Holdings, Inc., (NYSE: CF) – Global Export Lines (press release) (globalexportlines.com)
- Technical Levels – Splunk Inc. (SPLK) stock price comparison to its 50 SMA – The Stocks News (press release) (thestocksnews.com)
- Splunk Inc. to Host Investor and Analyst Meeting on March 27, 2018 – Business Wire (press release) (businesswire.com)
- Gratifying Stocks: Splunk Inc., (NASDAQ: SPLK), Cardinal Health, Inc., (NYSE: CAH); – TNN (tradingnewsnow.com)
- CORRECTING and REPLACING Splunk Inc. to Host Investor and Analyst Meeting on March 27, 2018 (businesswire.com)
SPLK has been the subject of several recent research reports. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $105.00 in a research report on Monday, January 8th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, January 19th. Deutsche Bank raised their price target on Splunk to $100.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Stephens reissued a “buy” rating on shares of Splunk in a research report on Friday, February 23rd. Finally, Citigroup reissued a “hold” rating and set a $73.00 price target on shares of Splunk in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $98.26.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The firm had revenue of $419.70 million for the quarter, compared to analysts’ expectations of $390.79 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. research analysts expect that Splunk will post -1.21 earnings per share for the current fiscal year.
In other Splunk news, Director Graham Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $107.05, for a total transaction of $1,070,500.00. Following the transaction, the director now owns 58,836 shares in the company, valued at $6,298,393.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David F. Conte sold 12,969 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total value of $1,395,723.78. Following the transaction, the chief financial officer now owns 106,582 shares in the company, valued at approximately $11,470,354.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,279 shares of company stock worth $7,522,627. 1.43% of the stock is currently owned by insiders.
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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