2 Years Ago
1 Min Read
SPLK is making big moves today. Find out why the stock is trading -11% lower:
Shares of Splunk Inc (SPLK) are trading -11% lower at a price of $97.73 at the time of this writing. So far the Information Technology sector has been having a cheery day, and the share price of the company is stumbling behind it's peers.
- Analysts are cutting price targets on Splunk stock after the company's earnings results were released
- Second quarter revenue grew 32% year-over-year to $799 million, which beat average analyst estimates of $747.55 million, according to Benzinga Pro
- Quarterly adjusted earnings of 9 cents per share beat average analyst estimates, which was a loss of 35 cents per share
- >$1 million ARR customers were up 24% year-over-year to 723 customers
- $799 million in second quarter revenue was 32% higher than the analysts' expectations of $747.55 million
- Lowered its total annual recurring revenue and cloud ARR expectations after some of its customers decided to opt for shorter contracts
Splunk Inc has been trading between a 52-week high of $176.66 and a 52-week low of $84.63. The stock has a market cap of $1.65 Billion.
Splunk Inc. turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, and analyze and act on data at any scale.
Splunk Inc. turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, and analyze and act on data at any scale.
Headlines
Vulcan Value Partners Believes in the Long-Term Prospects of Splunk (SPLK)
Insider Monkey 08-25-22
Splunk stock slides 12.5% after Q2 earnings as delayed cloud migrations drag ARR
Seeking Alpha 08-25-22
Why Splunk Is Trading Lower By Around 10%; Here Are 28 Stocks Moving Premarket
Benzinga 08-25-22
Splunk Inc. (SPLK) Q2 2022 Earnings Call Transcript
AlphaStreet 08-25-22
Splunk incorporation (SPLK) Elliott Wave forecast analysis
FXStreet 08-25-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Rich265 - 9 upvotes - source
NVDA SPLK CRM VSCO, etc all crashing.. I'm sure tomorrow will be green 
surmoiFire - 5 upvotes - source
SPLK 🚀 ADSK 🚀 CRM 🐻 SNOW 🚀🚀
BadVladMY - 1 upvotes - source
SPLK just stay failing... no shame whatsoever... clowns.
phillionaire286 - 1 upvotes - source
Buying some SPLK tomorrow. Had great earnings report and stock just dropped 10%
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