|Bid||119.11 x 800|
|Ask||119.30 x 800|
|Day's Range||115.65 - 129.50|
|52 Week Range||83.69 - 143.70|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Splunk stock fell Friday despite quarterly earnings that smashed estimates on the top and bottom line, and as Splunk raised its outlook. What hurt the stock was concerns over cash flow.
Data analytics company Splunk Inc (NASDAQ: SPLK) reported a beat-and-raise first quarter Thursday. Stifel analyst Brad Reback reiterated a Buy rating on Splunk with a $150 price target. Raymond James analyst Michael Turits reiterated an Outperform rating and $157 price target.
It was a quiet trading session on Friday, with U.S. stocks rising modestly ahead of a three-day holiday weekend. Will we see more selling pressure next week or will positive trade talk give stocks a lift? When one tweet can move the market, it's impossible to say. So let's look at a few top stock trades out there. Top Stock Trades for Tomorrow No. 1: Roku Click to Enlarge The other day we opted to cover PepsiCo (NYSE:PEP) over Roku (NASDAQ:ROKU), but promised to look at the stock on Friday. Well, here we are and this beast has gotten even stronger. Shares are up more than 6% on the day and have risen above $95. The run has been nothing short of amazing.We've been pounding the table on Roku, calling it a buy in Q4 and Q1. Now it's almost up to $100 a share. Should you get long now?InvestorPlace - Stock Market News, Stock Advice & Trading TipsNo. Shares are up more than 70% in about five weeks. It has almost quadrupled from its December lows (not that it deserved to be that low in the first place). But the point is still the same: you've missed the boat.I love ROKU over the long term, but to think that we won't see sub-$95 prices again is absurd. With the stock overbought in the short-term and coming into possible resistance, hedging and/or taking some profits doesn't seem like a bad idea at this point … at least until lower prices come around. Top Stock Trades for Tomorrow No. 2: Splunk Click to Enlarge Splunk (NASDAQ:SPLK) is going splat, falling 7% on Friday after reporting earnings. The move forced a test of the 200-day moving average, which held as support.Aggressive bulls who feel compelled to go long SPLK stock can do so against Friday's low.I would love a lower open near the 200-day on Tuesday that quickly reclaims Friday's close and goes green. Preferably, SPLK would also reclaim the 50% retracement at $120.78 in the process. * 5 Safe Stocks to Buy This Summer If it falls under Friday's low, SPLK can go even lower. On a rally, we need to see if it can climb back to Friday's highs near $130, and/or the 20-day and 50-day moving averages. Top Stock Trades for Tomorrow No. 3: Autodesk Click to Enlarge Autodesk (NASDAQ:ADSK) is off by more than 5% on Friday after disappointing earnings results. Shares are bouncing off that $157.50 to $158 area, but are now meaningfully below the 50-day moving average for the first time since early January.Below $155.56 -- the 38.2% retracement -- aggressive bulls who are getting long on Friday's decline may want to consider stepping out. It would put ADSK below several key support levels and suggest that sellers have not yet exhausted themselves. In that case, look for a possible test of the 200-day.Reclaiming the 50-day would repair some of the damage, but beware that this level may act as resistance. That would give short-sellers an entry, with a retest of the $158 area in mind. Top Stock Trades for Tomorrow No. 4: Novartis Click to Enlarge Novartis (NYSE:NVS) stock is up almost 4% after getting approval for its $2 million-plus gene therapy treatment.The move has NVS hitting new highs in Friday's session. The stock has been largely limited by channel resistance and buoyed by channel support. As it hits channel resistance, we'll have to watch to see if NVS will break out to a new range, or be limited in upside as a result.As long as $84.50 to $85 holds as support, NVS looks good to buy on the dips.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 4 Top Stock Trades for Tuesday: ROKU, ADSK, SPLK, NVS appeared first on InvestorPlace.
Top software companies are helping the Nasdaq maintain solid gains since Jan. 1. But Splunk dived on a disappointing full-year revenue outlook.
The data-analytics software maker is seeing a mix shift in its bookings and shorter contracts that are weighing on operating cash flow. While analysts largely see this as a temporary issue that should improve next year, another quarter of reduced cash flow guidance wasn’t appealing to investors. Guggenheim views the quarter as “mixed” with billings missing estimates and a lower outlook for operating cash flow for the year, which the bank had highlighted as a concern in a note to clients two months ago.
These Tech Stocks Slumped Over 5% on May 23(Continued from Prior Part)Stock declined despite earnings beatSplunk (SPLK) announced its first-quarter results (year ending in January) yesterday. It reported sales of $425 million with adjusted EPS of
On Thursday morning, U.S. Secretary of State Mike Pompeo came off as sternly decisive. Pompeo claimed that Huawei -- the Chinese tech and telecom giant that the administration took a hard-line stance against last week as it became more apparent that China had balked on several already agreed points in the on again/off again trade (non) negotiations -- had been dishonest in the way that it portrays its relationship with the Communist Party in Beijing. What traders heard Pompeo say was, "get the heck out of China." And we did.
Stock futures rose Friday after the China trade war smashed the stock market Thursday. Boeing rose late on 737 Max hopes. Autodesk and Splunk were key earnings movers.
U.S. stock futures rose on Friday and global stocks steadied following a week of bruising losses sparked by worries of a prolonged U.S.-China trade war and increasing signals of a slowing world economy. The Dow closed nearly 300 points lower on Thursday as investors fretted over series of grim readings on manufacturing activity in major global economies and watched oil prices in the U.S. plunge 5.7% in the session. The tech-heavy Nasdaq has declined 2.4% so far this week amid concerns that companies in the technology sector increasingly will be vulnerable should trade tensions between Washington and Beijing escalate throughout the summer.
Splunk (NASDAQ:SPLK) unveiled its latest quarterly earnings figures late today, bringing in a profit that surpassed the loss that analysts projected the business would bring in, yet the company's stock took a hit after hours on Thursday.The San Francisco, Calif.-based software producer announced that for its first quarter of its fiscal 2019, it raked in an adjusted profit of 2 cents per share, which is stronger than the Wall Street consensus estimate of a loss of 14 cents per share. The company added that its revenue tallied up to $425 million for the period, beating the $395.4 million that analysts projected.Splunk's revenue was up 36% when compared to its first quarter of the fiscal 2018, while its earnings of 2 cents per share topped the loss of 7 cents per share it amassed during the same period a year ago. For the second quarter of its fiscal 2019, the business said it forecasts revenue of $485 million, which is stronger than the Wall Street consensus estimate of $479.4 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its fiscal 2019, the business increased its revenue guidance as it is now at $2.25 billion, higher than the $2.2 billion that Wall Street is calling for in its guidance.SPLK stock is sliding roughly 2.2% after the bell Thursday following the company's quarterly earnings results, which included earnings that topped what analysts called for. Shares had been falling about 5.4% during regular trading hours ahead of the company's results. More From InvestorPlace * 7 Safe Stocks to Buy for Anxious Investors * 7 Stocks to Buy for Over 20% Upside Potential * 6 Stocks to Buy for This Decade's Massive Megatrend Compare Brokers The post Splunk Earnings: SPLK Stock Down Despite Q1 Earnings Beat appeared first on InvestorPlace.
Splunk (SPLK) delivered earnings and revenue surprises of 113.33% and 7.36%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Splunk raised its full-year revenue guidance to $2.25 billion from $2.20 billion. Shares of Splunk fell $2.73 to $126 in after-hours trading. Splunk is one of the companies Jim Cramer and the Action Alerts Plus team are keeping an eye on.
On a per-share basis, the San Francisco-based company said it had a loss of $1.04. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share. The results surpassed ...
Splunk Inc. is expected to report a quarterly loss of 14 cents a share on sales of $395.8 million after the close of the market on Thursday, based on a FactSet survey of 35 analysts. The stock has risen 1.8% since the company last reported earnings on Feb. 28. Quarterly estimates have fallen less than 1 cent a share in the past month.
For these mental hacks, David Gardner tapped the wisdom of four authors and one alien hive mind. For the stocks, he looked to the Information Age for inspiration.
Splunk's (SPLK) first-quarter fiscal 2020 results are expected to benefit from portfolio strength and robust partner base, which are helping it win new customers.
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The stock market will confront the same issues on Monday as the week prior. The days following will see a lot of retailers hold conference calls, and Cramer is looking to see what they have to say about tariffs on Chinese imports. CNBC's Jim Cramer on Friday said he expects more of the same in the week ahead of stock trading.
Shares of Facebook (NASDAQ:FB) haven't been able to sidestep the selling pressure over the past few weeks. Shares have pulled back, with FB stock falling from roughly $200 down to $180. However, the pullback has been very orderly so far and is even finding some moving average support.Source: Shutterstock Is this investors' chance to hop on the Facebook train or should they stay clear in the event of more selling?With the trade war hitting U.S. stocks, virtually all industries are under pressure, even though not all of them are impacted by the trade war. For instance, cloud companies like Adobe (NASDAQ:ADBE) or Salesforce (NYSE:CRM) won't see their businesses impacted by the trade war. Nor will Twilio (NYSE:TWLO) or Splunk (NASDAQ:SPLK). Worth mentioning is that Facebook isn't allowed in China, although its WeChat has plenty of global exposure.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy point is, even though some of the companies above aren't impacted by the trade war, their stocks are still under pressure. FB stock is no exception either. Maybe the indices have already bottomed from these headlines, but it doesn't feel like it. If we have one or two more down legs to do go, investors will get a better shot at Facebook stock. That said, traders have a reasonable risk/reward situation with FB right now, should the markets hold up. Trading FB Stock Click to EnlargeSo far, uptrend support (blue line) and the 50-day moving average are holding up for FB stock. That's a perfect spot for traders to watch, too. A pullback in a strong stock to its 50-day usually draws in buyers, even if only for the short-term. Facebook at least has that going for it right now. * 7 Tech Stocks to Buy That Are Also Perfect for Retirement The key is to see what kind of bounce we get. Is it a modest 1% to 2% rally or does it send FB stock back to recent highs near $195? If it clears $195, $200 is on deck. Over the 61.8% Fibonacci retracement at $182.10 increases the odds for a retest of the 20-day moving average and gives some momentum to bulls.Should the selling accelerate in the overall market and FB stock gets pulled down, there are levels of support below too. A price of $170.82 marks a 50% retracement and down near $159.50 is the 38.2% retracement. The latter comes into play near the 200-day moving average and is a key level of support. Conveniently, $170 could be decent support too, it just depends on the aggressiveness of sellers should we get a pullback down to these levels.We may not see that type of decline, but if we do, it will pay to know where FB stock can hold up. Valuing Facebook StockIt was like the sky was falling with Facebook stock over the past year, as investors were dumping the social media giant hand over fist. That's despite it having the best financials and metrics compared to peers like Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Privacy concerns and worries about leadership caused investors to puke up the stock. Never mind that FB stock has one of the strongest balance sheets in the stock market and is a cash-flow machine.Analysts expect the company to earn $7.05 per share this year. That's down almost 7% from the prior year. The plus side is that they expect 32% earnings growth to $9.32 per share in fiscal 2020. On the revenue front, growth is doing anything but slowing. Estimates call for 24% growth this year and 21% next year. * 7 Stocks to Buy that Lost 10% Last Week Social media is far too efficient for businesses to ignore when it comes to advertising and it's far too addicting for users to put down. So long as that remains the case, Facebook will be in business. That bodes well for long-term investors, particularly given the balance sheet strength of FB stock.Long-term investors may consider waiting for a larger correction in FB stock should they want to bet on the continued growth in social media. Otherwise they could consider a nibble of Facebook near current levels.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Can Facebook Stock Rally Back to $200? appeared first on InvestorPlace.