Equities research analysts expect Splunk Inc (NASDAQ:SPLK) to post earnings per share of ($0.30) for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Splunk’s earnings. The lowest EPS estimate is ($0.43) and the highest is ($0.11). Splunk posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 19th.
On average, analysts expect that Splunk will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to $0.18. For the next year, analysts expect that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.05 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Splunk.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01. The business had revenue of $434.08 million during the quarter, compared to analyst estimates of $443.60 million. Splunk had a negative net margin of 20.56% and a negative return on equity of 17.40%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS.
In related news, CEO Douglas Merritt sold 7,001 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $100.07, for a total value of $700,590.07. Following the completion of the transaction, the chief executive officer now owns 267,563 shares of the company’s stock, valued at approximately $26,775,029.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott Morgan sold 4,332 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $126.87, for a total transaction of $549,600.84. Following the completion of the transaction, the senior vice president now directly owns 97,621 shares of the company’s stock, valued at approximately $12,385,176.27. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $20,047,106 in the last three months. Insiders own 0.34% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in Splunk by 42.4% in the 4th quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC purchased a new stake in Splunk in the 1st quarter worth about $30,000. Harbor Investment Advisory LLC raised its position in Splunk by 1,513.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 242 shares of the software company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in Splunk in the 4th quarter worth about $35,000. Finally, Citizens Financial Group Inc RI raised its position in Splunk by 645.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 358 shares of the software company’s stock worth $53,000 after purchasing an additional 310 shares during the period. 92.86% of the stock is owned by hedge funds and other institutional investors.
SPLK traded up $5.14 during mid-day trading on Monday, reaching $178.88. 1,496,170 shares of the company traded hands, compared to its average volume of 2,385,162. The stock has a market capitalization of $27.60 billion, a P/E ratio of -56.97 and a beta of 1.61. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average price is $161.48 and its 200-day moving average price is $148.62. Splunk has a 52-week low of $93.92 and a 52-week high of $192.75.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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