|Bid||115.05 x 800|
|Ask||0.00 x 800|
|Day's Range||119.66 - 121.10|
|52 Week Range||83.69 - 143.70|
|Beta (3Y Monthly)||1.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 27, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||150.33|
Sep.19 -- Doug Merritt, Splunk Inc. chief executive officer, discusses the company's new investment funds, growth prospects and acquisition strategy with Bloomberg's Taylor Riggs on "Bloomberg Technology."
Splunk Inc. (SPLK), provider of the Data-to-Everything Platform, today announced that its tenth annual user conference — .conf19 — will welcome a record number of attendees. This will be Splunk’s 10th conference anniversary and attendees from around the globe are gearing up to learn the latest on Splunk® products spanning IT, security, developer, artificial intelligence and machine learning, mobile, and the Internet of Things (IoT) technology. Splunk’s premier user conference has experienced exponential growth since its first .conf in 2010, expanding from approximately 350 attendees to over 11,000 this year.
Is Splunk Inc (NASDAQ:SPLK) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]
Legacy tech giant Cisco Systems Inc. (CSCO), despite dropping nearly 20% over the past three months, could see its stock skyrocket by 70% to reach $80 per share, back to the high it reached during the bubble era in 2000, according to Evercore ISI analyst Amit Daryanani, as outlined by Barron’s. That could add $140 billion to the company's market value, which today stands at just under $200 billion. Daryanani is upbeat about Cisco’s shift away from hardware to a software-driven model and its focus on new high-growth sectors of the market such as cybersecurity and applications. As for Cisco’s core networking segment, the Evercore analyst is forecasting growth in the low- to mid-single digits on a percentage basis.
Splunk Inc. (SPLK), provider of the Data-to-Everything Platform, today announced that it has completed the acquisition of SignalFx, a SaaS leader in real-time monitoring and metrics for cloud infrastructure, microservices and applications. Splunk is already a leader in ITOM and an AIOps pioneer and, with the addition of SignalFx, is now a leader in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.
Democratic presidential candidate Andrew Yang is fond of saying that technology is the oil of the new century. And part of that involves big data. Both a source of controversy and potential, tech firms have increasingly sought to economically harness our data. This progression drives the narrative for Splunk (NASDAQ:SPLK) and by deduction, Splunk stock.Source: Michael Vi / Shutterstock.com While the company may not be a household name right now, it's certainly well on its way. Specializing in its "data-to-everything" platform, Splunk aims to radically transform how business operates in the digital age. As their especially helpful YouTube videos explain, Splunk essentially frees human operators from spending excessive time managing big data.Because of this main purpose, the company can potentially save its clients significant overhead costs, bolstering the bull case for SPLK stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBest of all, it's not just a great story: SPLK is actively helping world-renowned businesses improve their bottom line. For instance, airplane manufacturer Airbus (OTCMKTS:EADSY) counts itself among Splunk's high-visibility clients. Better yet, Airbus credits the upstart tech firm for improving operational efficiencies throughout their entire organization. You couldn't ask for a better advocacy for Splunk stock. * 7 Worst Stocks in the S&P 500 in 2019 At the same time, shares haven't exactly inspired investors following an early head-start to 2019. Since the end of February, SPLK stock has gyrated wildly in a slightly negatively tilting trend channel.Currently, Splunk stock finds itself just underneath the 50- and 200-day moving averages. Coincidentally, the 50 DMA is about to dip below the 200 DMA, a signal indicating technical weakness.Is this a case where the markets are dismissing the positive fundamentals, or is something else going on? Excessive Ambition May Trap Splunk StockPersonally, I'm excited about what this company can do and how it can progress the broader artificial intelligence narrative. As their video presentations explain, we live in a world of data. Moreover, as humans, we can only do so much with it. But with Splunk's advanced technologies, we can let computers perform most of the legwork.In that context, the longer-term picture for SPLK stock is very appealing. Who wouldn't want an AI platform to extract recurring patterns found within massive data sets and return them to you in seconds?In prior stories for InvestorPlace, I've performed probability forecasts based on "if this, then that" matrices. But the problem for me is time: I've got to collect all that data and create formulations to filter out patterns that I'm looking for. It's time intensive, and I also may miss patterns that I just wasn't seeking.Thus, if all businesses today operated on purely quantifiable metrics and functions, Splunk stock is an easy buy.But the problem is that not all business function that way. In areas that feature a mix of quantifiable data and qualitative information, SPLK stock may run into some challenges. For example, in marketing, you need to understand the human element and socio-economic dynamics that underline consumptive behaviors.Thus, while the company touts its data-to-everything platform, it should honestly be called data to some things. I say this because artificial intelligence isn't really that intelligent. In order for Splunk to truly achieve its data-to-everything goal, it would require artificial general intelligence: the ability for machines to replicate human reasoning.We are far away from achieving that, which limits SPLK's current practical effectiveness. And that might explain some of the present choppiness in Splunk stock. Wait for a Possible DiscountAs I mentioned earlier, I'm excited to see where Splunk can take their innovative platform. But in the meantime, we must separate the narrative from the investment profile.Over the last two years, SPLK stock has roughly doubled in value. Fundamentally, however, Splunk has started to slow. For instance, year-over-year revenue growth in the quarter ending July 31, 2019 was 33%. For the year-ago quarter, revenue growth hit nearly 39%.Naturally, some investors are worried that as SPLK ramps up their investments, the fiscal picture won't look as attractive. Given some of the choppiness that Splunk stock has exhibited, I think a cautionary approach is warranted. * 7 Stocks to Buy Under $10 That said, I'm curious where shares end up. Because of the transformative potential of the company, I'm interested in being a buyer. I just don't want to do it right now.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post Why You May Want to Hold Off on Buying Splunk Stock -- But Not Forever appeared first on InvestorPlace.
From Mimecast Limited to Forescout Technologies, Inc., the selloff in cybersecurity stocks has been brutal in recent weeks. But a key technical indicator suggests the group may have hit a bottom, according to All Start Charts. "Within that same theme we're looking at the Cybersecurity subsector finding support at its all-time low relative to the […]
Microsoft, Twilio, and Splunk shares were higher in early market trading today. While Microsoft rose 2%, Twilio and Splunk rose 1.7% and 2.5%, respectively.
(Bloomberg) -- Cisco Systems Inc. approached software company Datadog Inc. in recent weeks with a takeover offer significantly higher than the $7 billion valuation it aimed for in its initial public offering, according to people familiar with the matter.Datadog rebuffed the advance to pursue a stock listing because it felt it could be worth more as a public company over time, according the people, who requested anonymity because the talks were private. Talks between Cisco and Datadog are no longer active and Datadog is committed to going public, they said.A representative for Cisco declined to comment. Datadog couldn’t immediately be reached for comment.Cisco rose less than 1% to $49.72 at 10:12 a.m. in New York trading, for a market value of about $211 billion. Several rivals to Datadog also gained, including New Relic Inc., up 5.8%, Splunk Inc., which rose 3.9% and Elastic NV, which rose 3.1%.Datadog raised $648 million in its U.S. IPO Wednesday, selling 24 million shares for $27 each after marketing them at $24 to $26. The listing values Datadog at $7.83 billion.Software companies that power business processes have delivered some of this year’s best IPO debuts thanks to high margins and solid revenue. Zoom Video Communications Inc. and Crowdstrike Holdings Inc. have doubled in value since they began trading and are among the ten best performing offerings this year, according to data compiled by Bloomberg.In 2017, Cisco succeeded in buying a company on the eve of its IPO. It acquired AppDynamics Inc. for $3.7 billion right before the data analytics company was set to price its listing.(Updates share prices in fourth paragraph, details about IPO in fifth.)\--With assistance from Crystal Tse.To contact the reporters on this story: Liana Baker in New York at firstname.lastname@example.org;Gillian Tan in New York at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Goldstein at email@example.com, Liana Baker, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
PagSeguro, Twitter, Paycom, ServiceNow, Kirkland Lake Gold, andInMode are among 28 of the fastest-growing companies in terms of EPS growth.
The data analytics firm at an event rolled out a number of updates to its data-to-everything platform. President Obama also spoke at the event.
Unlike many data and cloud equities, Splunk (NASDAQ:SPLK) stock has struggled in recent weeks. The shares of the developer of Splunk Enterprise, a data analysis solution, have dropped amid worries about its acquisitions and concerns about its cash flow.Source: Michael Vi / Shutterstock.com However, by buying Splunk stock at these levels, traders may get something they do not expect from data and cloud stocks today: a discount.Many of the stocks in those sectors seem to do nothing but move higher. Given the performance of many of Splunk's peers, one might think that all of the stocks in the sector, including SPLK, keep making 52-week highs and have achieved outlandish price-earnings (P/E) ratios.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars However, many data and software-as-a-service (SaaS) firms such as Salesforce (NYSE:CRM) and SAP (NYSE:SAP), have fallen below their 52-week highs. But those companies have not fallen as far as Splunk stock. While CRM stock has dropped by about 9% and SAP has retreated around 15%, SPLK stock has tumbled more than 18% below its 52-week high. Why Splunk Stock fellOne reason for the decline of Splunk stock was concern that its acquisition of SignalFx would dilute the shares. That feeling likely worsened after SPLK announced earlier this month that it would also buy Omnitron. There is some uncertainty as to how these deals will affect the cash, debt, and shares outstanding of SPLK.Moreover, like Autodesk (NASDAQ:ADSK) in recent years, SPLK has begun to switch from a permanent license model to a subscription revenue model. Although the change should result in SPLK generating more revenue over the long-term, such a decision usually leads to a temporary reduction of cash flow.In the wake of fears about its acquisitions, Splunk stock has tumbled from its $143.70 per share high in mid-July to about $116 per share today.However, I see the moves made by SPLK as positive. Many commentators will often criticize firms for putting their short-term profits ahead of their longer-term needs and those of their shareholders. In this case, in an effort to improve its offerings, SPLK has bought other companies. It also switched to a subscription revenue model that should increase its cash flows over the long-term.Still, instead of rewarding the company, traders briefly took SPLK stock into bear-market territory. I believe that the unjustified decline of Splunk stock has created a good buying opportunity. The Case for SPLK StockThe forward P/E ratio of Splunk stock may look high, compared to the S&P 500's average forward P/E ratio. Still, given the high expected growth of Splunk's future earnings, the forward P/E ratio of Splunk stock, which currently stands at 49, looks reasonable. For fiscal 2019, analysts, on average, expect Splunk's earnings to jump 43.6%. In FY20, analysts, on average, predict that its profits will surge nearly 25%.Moreover, yesterday SPLK stock rose by more than 2% after JPMorgan's Mark Murphy upgraded the shares to an "overweight" rating. Thanks to the reduction in the stock price, he sees Splunk stock as attractive. Murphy has placed a $130 price target on SPLK.Like Murphy, I think there are reasons why Splunk's rapid growth should continue. For one, all things cloud are still growing almost exponentially. Moreover, as InvestorPlace columnist Luke Lango noted, "more and more customers are leaving bigger and bigger digital footprints." Consequently, SPLK remains well-positioned to expand its customer base at a rapid pace.Investors should also note that the price-sales ratio of SPLK is 8.6, well below the shares' average P/S multiple of the last five years, which is 11.4. The Bottom Line on Splunk StockThe JPMorgan upgrade highlights the buying opportunity created by the weakness of Splunk stock. Although buying companies and switching to subscription-based plans will hurt SPLK in the short-term, the moves should improve its performance over the longer term.The weakness of SPLK stock gives traders the chance to buy this growth name at a below-average multiple. Investors should take advantage of this opportunity and consider using any additional pullbacks of SPLK stock to buy the shares at an even larger discount,As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Investors Should Exploit the Weakness of Splunk Stock appeared first on InvestorPlace.
IBM's AI platform IBM Watson, its emerging Blockchain technology and expanding security products is aiding it in proliferating the market.
Splunk Inc. (SPLK), provider of the Data-to-Everything Platform, today announced advancements to pricing, partner and investment initiatives designed to help customers make smarter business decisions by turning data into doing. With the Splunk Data-to-Everything Platform, more than 18,000 customers worldwide are unlocking value and bringing data to every question, decision and action.
Splunk Inc. (SPLK), provider of the Data-to-Everything Platform, today announced the launch of Splunk Ventures and two inaugural funds designed to help the next generation of data doers turn data into doing. Through a $100 million Innovation Fund and a $50 million Social Impact Fund, Splunk Ventures is investing in early stage companies that can harness the power of data to change the world. Splunk Ventures is designed to invest in companies that will further drive growth of the technology ecosystem that brings data to every decision, question and action.
Former President Barack Obama and President Donald J. Trump are coming to Silicon Valley this week with different agendas: Trump to raise cash, and Obama to raise awareness about data.