Splunk Inc. (NASDAQ:SPLK) is expected to report second quarter earnings results, after market close, on Wednesday 26th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.33 per share from revenue of $ 522.60 million.
Looking ahead, the full year loss are expected at $ 0.3 per share on the revenues of $ 2430.38 million.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 520.00 million ~ $ 520.00 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. recorded loss for the first quarter of $ 0.56 per share, from the revenue of $ 434.08 million. According to street consensus, SPLK was expected to report 1Q21 loss of $ 0.57 per share from revenue of $ 442.85 million. The bottom line results beat street analysts by $ 0.01 or 1.75 percent, at the same time, top line results fell short of analysts by $ 8.77 million or 1.98 percent.
Stock Performance
Shares of Splunk Inc. traded high $ 0.69 or 0.34 percent on Tuesday, reaching $ 202.92 with volume of 825.90 thousand shares. The stock opened positive for the day at $ 202.31, after closing the previous day trading at $ 202.23.
According to the previous trading day, closing price of $ 202.23, representing a 115.32 % increase from the 52 week low of $ 93.92 and a 6.96 % decrease over the 52 week high of $ 217.36.
The company has a market capital of $ 32.24 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 28th July 2020, maintained by UBS Group at Buy rating, with $ 228.00 target price.
- On 10th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 246.00 target price.
Conference Call
Splunk Inc. will be hosting a conference call at 4:30 PM eastern time on 26th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (866) 501-1535 (United States) 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 edge.media-server.com/mmc/p/d4jutkgm
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.
