Shares of Splunk (NASDAQ:SPLK) moved lower in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share decreased 62.50% over the past year to ($0.91), which missed the estimate of ($0.70).
Revenue of $502,051,000 rose by 15.66% year over year, which beat the estimate of $491,320,000.
Looking Ahead
Splunk Sees Q2 Sales $550M-$570M vs $561M Estimate
How To Listen To The Conference Call
Date: Jun 02, 2021
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/t8mtrwpv
Technicals
Company’s 52-week high was at $225.89
Company’s 52-week low was at $110.28
Price action over last quarter: down 13.44%
Company Overview
Splunk provides software for machine log analysis. Its flagship solution, Splunk Enterprise, is employed across a multitude of use cases, including application management, IT operations, and security. The company has historically deployed its solutions on-premises, but the software-as-a-service delivery model is growing in popularity with Splunk Cloud. The company derives revenue from software licenses, as well as cloud subscriptions, maintenance, and support.
