Splunk Inc. (NASDAQ:SPLK) is reporting third quarter earnings results on Wednesday 2nd December 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.09 per share from $ 613.03 million in revenue.
For the full year, analysts predict revenues of $ 2318.72 million, while looking forward to loss of $ 0.33 per share.
The Company Outlook
Revenue for 3Q21 are expected in a range of $ 600.00 million ~ $ 630.00 million
Full Year 2021 topline are forecasted in a range of$ 2,600.00 million ~ $ 2,600.00 million
Click Here For More Historical Outlooks Of Splunk Inc.
Previous Quarter Performance
Splunk Inc. came out with loss for the second quarter of $ 0.33 per share, from the revenue of $ 491.66 million. Wall street analysts are predicting, SPLK to report 2Q21 loss of $ 0.33 per share from revenue of $ 522.60 million. The top line results fell short of analysts by $ 30.94 million or 5.92 percent.
Stock Performance
Shares of Splunk Inc. traded up $ 2.25 or 1.10 percent on Tuesday, reaching $ 206.43 with volume of 1.12 million shares. Splunk Inc. has traded high as $ 207.38 and has cracked $ 202.46 on the downward trend
According to the previous trading day, closing price of $ 206.43, representing a 117.40 % increase from the 52 week low of $ 93.92 and a 9.61 % decrease over the 52 week high of $ 225.89.
The company has a market capital of $ 33.11 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 24th November 2020, initiated by KeyBanc at Overweight rating.
- On 22nd October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 265.00 target price.
- On 22nd October 2020, maintained by Needham & Company LLC at Buy rating, with $ 301.00 target price.
- On 14th October 2020, downgraded by UBS Group to Sell from Buy rating, with $ 165.00 target price.
Conference Call
Splunk Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd December 2020, to discuss its 3Q21 financial results with the investment community. The participants may dial, (866) 501-1535 or (216) 672-5582 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.splunk.com
Splunk Inc. provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to investigate, monitor, analyze, and act on data regardless of format or source.
