Summit Insights Group Maintains Buy on Splunk, Raises Price Target to $200
Summit Insights Group analyst Srini Nandury maintains Splunk (NASDAQ:SPLK) with a Buy and raises the price target from $160 to $200.
Needham Maintains Buy on Splunk, Raises Price Target to $203
Needham analyst Jack Andrews maintains Splunk (NASDAQ:SPLK) with a Buy and raises the price target from $198 to $203.
Recap: Splunk Q2 Earnings
Shares of Splunk (NASDAQ:SPLK) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 87.88% over the past year to ($0.62), which beat the estimate of ($0.69).
Splunk Sees Q2 Sales $625M-$650M vs $636.89M Est., FY22 Sales $2.53B-$2.60B vs $2.53B Est.
Financial Outlook
The company is providing the following guidance for its fiscal third quarter 2022 (ending October 31, 2021):
Cloud ARR is expected to be between $1.10 billion and $1.11 billion.
Total ARR is
Splunk Q2 Adj. EPS $(0.62) Beats $(0.69) Estimate, Sales $606.00M Beat $562.82M Estimate
Splunk (NASDAQ:SPLK) reported quarterly losses of $(0.62) per share which beat the analyst consensus estimate of $(0.69) by 10.14 percent. This is a 87.88 percent decrease over losses of $(0.33) per share from the same
10 Information Technology Stocks Showing Unusual Options Activity In Today’s Session
This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Earnings Scheduled For August 25, 2021
Companies Reporting Before The Bell
• Jiayin Gr (NASDAQ:JFIN) is projected to report quarterly earnings at $0.21 per share on revenue of $54.80 million.
Benzinga Pro’s Top 4 Stocks To Watch For Tuesday, Aug. 24, 2021: NVDA, SPLK, LOOP, BPTH
Today's 4 Stock Ideas:
NVIDIA (NVDA) - Shares have rallied over the all-important $200 level over the last few trading sessions. The stock was up about 17% since rebounding off the $190 level last
This Week’s Earnings Outlook
After last week's jobless claims data that was somewhat overlooked due to fears of rising inflation, optimism is in the air with retailers powering through a Delta slowdown. There are positive expectations for the following two quarters with tons of upside to come with society getting back to normal.
Benzinga’s Bulls And Bears Of The Week: Apple, Bitcoin, Microsoft, Robinhood, Walmart And More
Benzinga has examined the prospects for many investor favorite stocks over the past week.
Last week's bullish calls included big tech stocks and a rare earth materials producer.