|Bid||125.30 x 800|
|Ask||125.99 x 800|
|Day's Range||124.55 - 132.28|
|52 Week Range||83.69 - 143.70|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 22, 2019 - May 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||152.03|
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he loves Splunk Inc (NASDAQ: SPLK ). He added that the company is doing a fantastic job and he is a buyer of the stock. Cisco (NASDAQ: ...
Today was shaping up to be a bone-crushing session on Wall Street, Jim Cramer told his Mad Money viewers Wednesday. Without one, it will be a lot harder to own sectors like the industrials that need a strong global economy. Cramer explained that President Trump is taking a page from the Ronald Reagan playbook with Russia, "trust, but verify." The Chinese have a long history of not abiding by what they agree to, he said, which was evident most recently in the South China Sea.
See who joins Splunk, Palo Alto Networks, Trade Desk, Paycom, and PagSeguro on this list of today's fastest-growing companies.
Salesforce.com and Microsoft will leverage their cloud-computing prowess to drive further growth, says a Mizuho Securities analyst that called both companies “top picks” in software.
The RSA conference is always a place for cybersecurity startups to make a splash. This year an Alphabet cybersecurity startup rolled out its first product for business network security.
The best mutual funds have been buying cybersecurity stocks like CyberArk and Palo Alto Networks, and have placed billion-dollar bets on Microsoft and Splunk.
Alphabet Updates: Google Assistant, China Search Engine, and More(Continued from Prior Part)Chronicle launches productAlphabet’s (GOOGL) cybersecurity division, Chronicle, has reportedly rolled out its first commercial product called
Samsung's IT & Mobile Communications (IM) segment, which gets the lion's share of its sales from smartphones, saw its revenue drop 12% in dollars and 20% in Korean won in Q4. With Samsung coming off a rough 2018, high-end smartphone upgrade cycles continuing to lengthen and 5G still in the early stages of rolling out, it's quite understandable that analysts don't expect the four phones in the Galaxy S10 line -- the S10e, the S10, the S10+ and the not-yet-launched S10 5G -- to collectively fare all that well.
Alphabet's (GOOGL) Chronicle launches Backstory, its first commercial product that helps in identifying big or significant threats from several security alerts.
Software-as-a-Service (SaaS) stocks started the week by tumbling. As of mid-day Monday, a basket of SaaS stocks had declined by more than 4%.Source: Web Summit Via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsSplunk (NASDAQ:SPLK), an SaaS provider, wasn't immune to the selling, as SPLK stock fell 5% on the day. Another leading cloud-computing company, Workday (NASDAQ:WDAY),fell 5% as well, while SaaS company ServiceNow (NYSE:NOW) retreated 2.7%. * 7 Chinese Stocks to Buy for the 2019 Rebound This turn in sector sentiment came at a terrible time for SPLK stock. Just last week, SPLK beat analysts' earnings expectations and raised its guidance for the full year. Its numbers looked amazing. And yet, Splunk stock traded essentially flat following its earnings and fell sharply to start the week. Is it time to buy the dip in Splunk stock yet, or would it be prudent to let SPLK stock continue to correct? Splunk's Great Growth Story ContinuesSplunk has been one of the most consistent and impressive large-cap tech growth companies in recent memory. Its numbers are truly mind-blowing. Over the past five years, SPLK's average compounded annual revenue growth rate was 45%. In 2014, the company produced just $451 million of revenue. For the most recent 12 months, that figure quadrupled to more than $1.8 billion of sales.Additionally, while SPLK has not been very profitable yet, analysts see the tipping point coming soon. On average, analysts forecast that the company's earnings per share will reach $1.62 over the next year, and its earnings are expected to grow at an average annual rate of more than 30% over the next five years.Perhaps most incredibly, even as Splunk's revenues have gone through the roof, its growth rate hasn't slowed down. Normally, companies decelerate as they get bigger, but Splunk is still finding plenty of opportunities to grow. It's far more impressive when a company with $1.8 billion of revenue is growing its top line 40% each year than when a firm with a few hundred million dollars of annual revenue is accomplishing the same feat. Analysts Weigh InSplunk's earnings report drew nearly universal praise from analysts. Jeffries, which has long been a Splunk bull, raised its price target on SPLK stock from $137 to $157 following the earnings release. The firm suggested that Splunk is even stronger than it may seem. Wells Fargo, not to be outdone, lifted its price target on SPLK by $20 to $165 per share.Mark Moerdler of Bernstein raised his price target from $119 to $131. He left a "neutral" rating on the shares. In a moment of humility, he noted that "we obviously got off the bus too early on this one." Even Citigroup, which is sticking with its "sell" call on SPLK stock, had to give credit where it was due. Citi recommended selling Splunk stock last year as it felt that the company probably wouldn't grow much more. After Splunk's recent results, however, Citigroup raised its price target on SPLK stock from $98 to $112. SPLK Is Still Fairly ExpensiveThe key issue facing SPLK stock is that Wall Street is fully aware of its great growth outlook. As a result, SPLK stock was trading around 13 times its sales following its most recent earnings report. That's really pricey, even for a company with phenomenal sales growth. Traditionally, as a rule of thumb, investors need to be careful about paying more than ten times sales for even the fastest-growing tech companies.Often, when a company reports stellar earnings results and the stock doesn't move, it is simply because the Street's expectations were high before the results were released.If SPLK's earnings had come in below expectations, it probably would have plunged 10% or more, as investors were really confident that Splunk would continue to grow rapidly. With the market already pricing in greatness, it is hard for Splunk to surprise to the upside, even with outstanding results.If SPLK stock trades at ten times its sales, and its 2019 sales meet expectations, SPLK stock will rise to nearly $150, considerably higher than today's price.Thus, for a patient investor, the selloff of Splunk stock following its great earnings could be a golden opportunity. As long as the company maintains its stunning sales growth, SPLK stock will rise much higher over time. SPLK stock may not rally in the short-term, given macro headwinds, but the value of SPLK will keep increasing, along with the company's booming revenue forecasts.At the time of this writing, Ian Bezek held no position in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post Why Splunk Stock Has Fallen Despite Record Earnings appeared first on InvestorPlace.
Splunk Inc NASDAQ/NGS:SPLKView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for SPLK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding SPLK is favorable, with net inflows of $6.67 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Alphabet Inc. announced its biggest thrust into the cybersecurity space Monday, as the Google parent company’s internal security startup, Chronicle, detailed a new big-data software offering similar to Splunk Inc.
Splunk Inc. (NASDAQ:SPLK) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back intoRead More...
[Editor's note: This story was previously published in December 2018. It has since been updated and republished.]The Big Data market is likely to grow for the long haul. Let's face it, the world is undergoing an explosion of data, such as from smartphones, IoT (Internet-of-things), wearables, AI (Artificial Intelligence) and machine learning.Actually, for just about any company to compete and thrive nowadays, there needs to be a Big Data focus. It's a strategic imperative. According to research from Statista, global spending is expected to go from $42 billion in 2018 to $103 billion by 2027.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, there is substantial opportunity for investors. But what are the best stocks to buy in the category? * 7 Top-Rated Stocks to Buy for March The good news is that the recent wave in IPOs has provided investors a group of next-generation players to choose from. So here's a look at seven:Source: Shutterstock Yext (YEXT)Yext (NYSE:YEXT) operates a knowledge platform, which includes a network of about 150 data providers like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL). For the most part, the company organizes data in ways to help businesses achieve goals, such as getting more customers or providing a better service.At the heart of this is intelligent search, which is based on context and intent. There is also AI (Artificial Intelligence) that helps provide more relevant results.The next generation of this technology, called Yext Brain, launched in late October. The system allows customers to sync their data with AI-enabled services like search, voice assistants and chatbots.In terms of growth for YEXT, it has been robust, though it flagged at the end of 2018. So far this year it's trending up and recently announced an expansion.Source: Shutterstock Alteryx (AYX)Alteryx (NYSE:AYX) was an early player in the Big Data industry, having been founded in 1997. The company also bootstrapped its operations. Note that AYX did not raise any venture capital until 2011.But this did not hamstring the company. Now AYX is one of the top Big Data stocks in the world. Then again, it has built a platform that is fairly easy for businesses to leverage analytics, such as by using visualizations. Keep in mind that Big Data systems are often focused on specialists like data scientists. * 10 Blue-Chip Stocks to Lead the Market AYX's strategy has helped to expand the market opportunity. In fact, the company believes that the spending on the category will go from $19 billion in 2016 to $29 billion by 2021.During the latest quarter, revenues shot up by 54% year over year.Source: Shutterstock Talend (TLND)With the rapid growth in new technologies, data integration has gotten even more mission critical. Yet the tools have tended to lag. It is often the case that there needs to be professional services and custom coding.But Talend (NASDAQ:TLND) is changing this with its innovative platform -- called Talend Data Fabric -- that integrates data and apps in real time across Big Data systems, cloud environments and on-premise installations. The result is that there is a unified view of data.To bolster the product, TLND acquired Stitch, which operates a cloud service that moves data into cloud warehouses and data lakes. The service has more than 900 customers.Granted, TLND stock got crushed late last year, but it does look like it was an overreaction. Note that the company continues to grow at a strong pace -- with revenues up 36% to $48.4 million in the fourth quarter.Source: Shutterstock Cloudera (CLDR)Cloudera (NYSE:CLDR) has built a sophisticated Big-Data platform that uses machine learning and analytics. It is also optimized for cloud environments.But CLDR is in the process of a major transformation -- that is, the company is merging with Hortonworks (NASDAQ:HDP), which is another of the major Big Data stocks. The combined entity will be a powerhouse, which will have services for the multi-cloud, on-premise environments and the Edge. Consider that HDP has an expertise with streaming and IoT while CLDR's focus has been AI. * 7 Healthy Dividend Stocks to Buy for Extra Stability There will also be significant scale, which should help provide a competitive advantage. The merger of CLDR and HDP will result in annual revenues of $720 million, with over 2,500 customers.Source: Flickr Splunk (SPLK)Founded in 2003, Splunk (NASDAQ:SPLK) is a pioneer in developing systems to analyze machine data, such as from websites, apps, servers, networks and smartphones. The focus was on helping companies gain "operational intelligence."Despite the emergence of fierce competitors, SPLK has been able to maintain its leadership. Then again, the company continues to invest heavily in R&D. Consider that at its most recent conference -- .conf18 - it had the largest number of new releases. For example, the company now has solutions for areas like IoT and Industrial IoT.Growth has also remained strong. During the latest quarter, revenues increased by 42%. Source: Shutterstock Elastic (ESTC)Elastic (NYSE:ESTC) is essentially a sophisticated search engine for businesses. At the core of this is open-source software, which is downloaded for free. This has not only allowed for rapid adoption of Elastic -- which is critical for any search engine -- but ongoing innovation.The platform also allows for searches of structured and unstructured data, say from databases, mobile apps, log files and so on. There is also AI features and machine learning. * 10 Best High-Growth Stocks for Young Investors And what about the growth ramp? Well, it has been torrid. During the latest quarter, revenues spiked by 72% to $63.6 million. The company has over 5,500 customers across more than 80 countries. Source: (C)iStock.com/tusumaru Mongodb (MDB)Relational databases have been around since the 1970s. The technology is also at the core of Oracle's (NYSE:ORCL) database franchise.But the problem is that the technology really does not meet the complicated needs of today's Big Data needs.So yes, there is an alternative, called NoSQL. And the leader in the category is Mongodb (NASDAQ:MDB). The company's database has been downloaded over 40 million times and there are more than 7,400 customers across over 100 countries. MongDB also has a thriving ecosystem, which has more than one million members in the MongoDB University.All this has turned into a standout business. During the latest quarter, revenues soared by 61% to $57.5 million. Actually, given the critical nature of databases to Bid Data, it would not be a surprise that a larger company -- say Oracle -- would eventually try to buy the company.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.Compare Brokers The post 7 Big Data Stocks That Deserve a Closer Look appeared first on InvestorPlace.
Zscaler Inc. and Splunk Inc. both topped Wall Street estimates in earnings reports late Thursday and saw shares surge in the extended session, but only one of the software companies retained that momentum into Friday trading.
fell Friday even though the company beat earnings estimates and issued strong forward guidance. Splunk went ker-plunk even though the company reported good earnings Thursday after the bell for the company's fiscal fourth quarter, which ended Jan. 31. Splunk said earnings per share for the period came in at 93 cents on an adjusted basis, beating Wall Street expectations of 76 cents.
The Dow just snapped a 9-week win streak while the Nasdaq went for 10. Etsy, Square, Palo Alto were earnings winners. A $35,000 Tesla Model 3 is here.
Big data software company Splunk Inc (NASDAQ: SPLK ) reported strong fourth-quarter earnings, which prompted three Street analysts to turn incrementally bullish on the stock. Raymond James: The Numbers ...
In this daily bar chart of SPLK, below, we can see that the price of SPLK traded sideways from last March until late December. At the end of 2018, SPLK launched a rally from $90 to nearly $145 today. Prices have retreated sharply from the day's zenith, and volume is heavier than recently.
Nutanix's (NTNX) second-quarter fiscal 2019 results benefit from its shift of business to a subscription-based model and continued growth in customer base.