Research Analysts Offer Predictions for Splunk Inc’s FY2018 Earnings (SPLK)

Splunk Inc (NASDAQ:SPLK) – Wedbush decreased their FY2018 earnings estimates for Splunk in a report issued on Wednesday. Wedbush analyst S. Koenig now anticipates that the software company will post earnings per share of ($1.34) for the year, down from their prior forecast of ($1.25). Wedbush currently has a “Neutral” rating and a $78.00 price target on the stock. Wedbush also issued estimates for Splunk’s Q4 2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.52) EPS, Q2 2019 earnings at ($0.45) EPS, Q3 2019 earnings at ($0.33) EPS, Q4 2019 earnings at ($0.14) EPS, FY2019 earnings at ($1.45) EPS and FY2020 earnings at ($1.73) EPS.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The company had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million.

A number of other equities research analysts also recently commented on the company. Mizuho increased their price objective on Splunk from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. BidaskClub upgraded Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. 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 increased their price objective on Splunk to $100.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $105.00 in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $84.59.

Shares of Splunk (SPLK) opened at $92.64 on Monday. Splunk has a 52-week low of $54.17 and a 52-week high of $97.27. The company has a market capitalization of $13,100.00, a price-to-earnings ratio of -41.54 and a beta of 2.04.

Large investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Splunk during the fourth quarter worth $102,000. James Hambro & Partners acquired a new position in Splunk during the fourth quarter worth $124,000. MANA Advisors LLC acquired a new position in Splunk during the fourth quarter worth $208,000. Creative Planning acquired a new position in Splunk during the fourth quarter worth $210,000. Finally, Essex Investment Management Co. LLC acquired a new position in Splunk during the fourth quarter worth $214,000.

In related news, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $80.54, for a total transaction of $390,699.54. Following the completion of the sale, the senior vice president now directly owns 89,157 shares in the company, valued at $7,180,704.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,720 shares of company stock valued at $2,477,118. 1.43% of the stock is owned by corporate insiders.

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About Splunk

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.

Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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