Splunk (SPLK) Earning Somewhat Positive Press Coverage, Report Finds
Media coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Splunk earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the software company an impact score of 46.2479827160861 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Splunk Inc. (SPLK) Director Godfrey Sullivan Sells 120,000 Shares (americanbankingnews.com)
- Splunk Inc. (SPLK) Director Sells $2,325,200.00 in Stock (americanbankingnews.com)
- Splunk Inc. (SPLK) Earns Neutral Rating from Mizuho (americanbankingnews.com)
- Oxford Asset Management Buys Shares of 27799 Eli Lilly and Company (LLY) (vothemes.com)
- Eli Lilly and Company (LLY) Position Increased by Alliancebernstein LP (expressnewsline.com)
Splunk (NASDAQ:SPLK) traded up 4.29% on Wednesday, reaching $60.76. 1,723,308 shares of the company’s stock were exchanged. The stock’s market cap is $8.41 billion. Splunk has a one year low of $50.64 and a one year high of $69.23. The firm has a 50 day moving average of $59.23 and a 200-day moving average of $61.39.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $233.79 million. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Equities research analysts forecast that Splunk will post $0.52 EPS for the current fiscal year.
Several equities analysts recently weighed in on SPLK shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Splunk in a research note on Friday, April 21st. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Wedbush reiterated an “outperform” rating and set a $78.00 price objective on shares of Splunk in a research report on Monday, May 22nd. Robert W. Baird set a $71.00 price objective on shares of Splunk and gave the company a “buy” rating in a research report on Saturday, May 27th. Finally, Maxim Group reiterated a “buy” rating on shares of Splunk in a research report on Sunday, May 28th. Twelve investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $70.77.
In other news, CFO David F. Conte sold 1,044 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $62.20, for a total transaction of $64,936.80. Following the sale, the chief financial officer now owns 207,965 shares of the company’s stock, valued at $12,935,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Merritt sold 10,125 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $58.01, for a total transaction of $587,351.25. Following the sale, the insider now directly owns 231,440 shares in the company, valued at approximately $13,425,834.40. The disclosure for this sale can be found here. Insiders have sold 558,056 shares of company stock worth $32,554,124 in the last three months. Corporate insiders own 3.00% of the company’s stock.
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.
Receive News & Ratings for Splunk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.