SPLK - Splunk Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+1.74 (+1.37%)
At close: 4:00PM EDT

128.75 +0.29 (0.23%)
After hours: 7:43PM EDT

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Previous Close126.72
Bid129.20 x 900
Ask128.00 x 800
Day's Range127.15 - 129.57
52 Week Range83.69 - 143.70
Avg. Volume1,766,685
Market Cap19.291B
Beta (3Y Monthly)1.71
PE Ratio (TTM)N/A
EPS (TTM)-2.12
Earnings DateAug 21, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est152.92
Trade prices are not sourced from all markets
  • Splunk acquires cloud monitoring service SignalFx for $1.05B

    Splunk acquires cloud monitoring service SignalFx for $1.05B

    Splunk, the publicly traded data processing and analytics company, todayannounced that it has acquired SignalFx for a total price of about $1

  • Dow Jones Futures: Stock Market Rally Hits Resistance, Apple Flashes Bullish Signal; Three Key Earnings Movers Late
    Investor's Business Daily

    Dow Jones Futures: Stock Market Rally Hits Resistance, Apple Flashes Bullish Signal; Three Key Earnings Movers Late

    Dow Jones futures: Wednesday's stock market rally hit resistance at the 50-day, Apple showed relative strength. Splunk, Synopsys, Keysight reported late.

  • Splunk to buy San Mateo cloud monitoring startup SignalFx for $1.05B
    American City Business Journals

    Splunk to buy San Mateo cloud monitoring startup SignalFx for $1.05B

    San Francisco-based Splunk is paying double what SignalFx was valued at by private investors in June.

  • S.F.-based Full Circle Fund taps tech exec expertise with new partnership
    American City Business Journals

    S.F.-based Full Circle Fund taps tech exec expertise with new partnership

    The new partnership will bring together 22 tech executives from 11 Bay Area companies to provide hands-on advice for socially minded tech nonprofits.

  • SPLK Stock Rises After-Hours on Earnings Beat
    Market Realist

    SPLK Stock Rises After-Hours on Earnings Beat

    Shares of cloud software solutions company Splunk (SPLK) were up 8.5% in after-hours trading today after Splunk's Q2 earnings beat estimates.

  • Splunk (SPLK) Q2 Earnings and Revenues Beat Estimates

    Splunk (SPLK) Q2 Earnings and Revenues Beat Estimates

    Splunk (SPLK) delivered earnings and revenue surprises of 150.00% and 6.13%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Splunk Beats Second-Quarter Estimates, Announces Acquisition
    Investor's Business Daily

    Splunk Beats Second-Quarter Estimates, Announces Acquisition

    Splunk earnings for the second quarter, reported after the market close, came in above Wall Street estimates. The company is also acquiring cloud monitoring company SignalFx for $1.05 billion

  • Reuters

    UPDATE 1-Splunk to buy cloud software firm SignalFx in $1 bln deal

    Data analytics software maker Splunk Inc on Wednesday said it would acquire privately held SignalFx, which makes software for the cloud, in a cash and stock deal for about $1.05 billion. Splunk shares rose 7.4% to $137.99 in extended trade. Splunk hopes the deal will boost its capabilities by allowing its customers to use SignalFx products to monitor their data centers and applications in real-time.

  • Reuters

    Splunk to buy cloud software firm SignalFx in $1 billion deal

    Splunk shares rose 7.4% to $137.99 in extended trade. Splunk hopes the deal will boost its capabilities by allowing its customers to use SignalFx products to monitor their data centres and applications in real-time. "The acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale," Splunk's Chief Executive Officer Doug Merritt said in a statement.

  • MarketWatch

    Splunk stock rallies on earnings beat, acquisition

    Splunk Inc. shares rallied in the extended session Wednesday after the cybersecurity company topped Wall Street estimates for the quarter and announced a big acquisition. Splunk shares rose 6.2% after hours, following a 1.4% rise in the regular session to close at $128.46. The company reported a second-quarter loss of $100.9 million, or 67 cents a share, compared with a loss of $103.5 million, or 71 cents a share, in the year-ago period. Adjusted earnings were 30 cents a share. Revenue rose to $516.6 million from $388.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 12 cents a share on revenue of $488.4 million. Splunk said it expects third-quarter revenue of about $600 million, and full-year revenue of about $2.3 billion, up from a previous forecast of about $2.25 billion. Analysts had estimated $590.9 million for the third quarter, and $2.26 billion for the year. The company also said it agreed to acquire cloud monitoring company SignalFx for $1.05 billion in cash and stock. Splunk expects the acquisition to close in the second half of fiscal 2020, which ends in January.

  • Benzinga

    Splunk Announces $1B Acquisition Of SignalFix, Posts Q2 Beat-And-Raise

    Software company  Splunk Inc. (NASDAQ: SPLK ) announced the acquisition of the SaaS company SignalFix for $1.05 billion Wednesday in conjuction with its second-quarter report. The deal is comprised of ...

  • Business Wire

    Splunk Inc. Announces Fiscal Second Quarter 2020 Financial Results

    Software Revenues Up 46%; Cloud ARR Surpasses $300 million

  • Business Wire

    Splunk to Acquire Cloud Monitoring Leader SignalFx

    Splunk Inc. (SPLK), delivering actions and outcomes from the world of data, today announced a definitive agreement to acquire 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, upon close, will be a leader in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications. This breadth of innovation will help customers deliver cost savings, increased revenue and an improved customer experience, and firmly places Splunk as the vendor most qualified to deliver these outcomes across the entire suite of enterprise applications at any scale.


    Splunk, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 21, 2019, 2018 / Splunk, Inc. (NASDAQ: SPLK ) will be discussing their earnings results in their 2020 Second Quarter Earnings to be held on August 21, 2019 at 4:30 PM ...

  • TheStreet.com

    Splunk Shares Briefly Spike on Earnings Beat and Acquisition News

    Splunk shares briefly popped in after-hours trading Wednesday after the data-analysis-software company reported earnings for its 2020 fiscal second quarter that handily beat expectations. SPLK also announced a major acquisition and raised full-year revenue guidance. Shares had already gained 1.37% during regular trading hours earlier on Wednesday.

  • Banking Deregulation, Trading Splunk: Market Recon

    Banking Deregulation, Trading Splunk: Market Recon

    Compliance with the Volcker Rule has long been considered both complicated and expensive by the firms impacted.

  • Why Alteryx Should Be on Your Radar
    Motley Fool

    Why Alteryx Should Be on Your Radar

    This data analytics company is still independent after Alphabet and Salesforce went on their recent shopping sprees.

  • Benzinga

    Checks Indicate Continued Momentum At Splunk, Wedbush Says

    Splunk Inc (NASDAQ: SPLK ) is scheduled to report its second-quarter results after market close on Wednesday. Industry checks indicate strong customer demand for Splunk’s solutions, and the company may ...

  • Splunk (SPLK) to Report Q2 Earnings: Factors Setting the Tone

    Splunk (SPLK) to Report Q2 Earnings: Factors Setting the Tone

    Splunk's (SPLK) second-quarter fiscal 2020 results are expected to benefit from portfolio strength and robust partner base, which are helping it win new customers.

  • Splunk (SPLK) Stock Sinks As Market Gains: What You Should Know

    Splunk (SPLK) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Splunk (SPLK) closed at $123.54, marking a -1.64% move from the previous day.

  • Deloitte and Splunk Provide Automated Security Monitoring and Response Capabilities to Organizations Worldwide
    PR Newswire

    Deloitte and Splunk Provide Automated Security Monitoring and Response Capabilities to Organizations Worldwide

    NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Recognizing how valuable time is in responding to cyber threats, Deloitte's cyber practice and Splunk Inc. (SPLK) today announced that together they are providing automated security monitoring and response capabilities to help drive greater consistency and higher fidelity into security workflows and outputs for organizations worldwide. Deloitte's Fusion Managed Services offerings with Splunk® Phantom® help enable organizations to more quickly and consistently detect and respond to a rapidly evolving threat landscape.

  • Splunk (SPLK) Earnings Expected to Grow: Should You Buy?

    Splunk (SPLK) Earnings Expected to Grow: Should You Buy?

    Splunk (SPLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Clemson University Delivers World-Class Student Experience With Splunk

    Splunk Inc. (SPLK), delivering actions and outcomes from the world of data, today announced Clemson University is unlocking new levels of data-driven decision making. Recognizing the importance of data-driven decision making to remain secure and competitive for talent and students, Clemson initially embarked on its data journey with Splunk Enterprise in 2015. The opportunity to use data to inform decisions at the institutional level provided real strategic value to the university, especially when it started ingesting data from Canvas, the school’s learning management system (LMS) of choice.

  • 6 Big Growth ETFs to Buy For the Second Half of 2019

    6 Big Growth ETFs to Buy For the Second Half of 2019

    The stock market is in selloff mode right now. The only two things the market cares about -- the trade war and interest rates -- aren't progressing as hoped. Trade tensions between the U.S. and China have escalated over the past few days, with U.S. President Donald Trump implementing new tariffs on more Chinese goods, and China responding by playing currency manipulation games directly aimed at hurting the U.S. At the same time, the Fed has expressed a more hawkish than expected tone with respect to future rate cuts.In response, stocks -- which marched 10% higher in June and July to all-time highs without ever retreating more than 2% -- have dropped 5% through the first few trading days of August.In the big picture, this sell-off is nothing more than a bull market gut check. It will ultimately pass and soon. By the end of the year, stocks should be materially higher than where they are today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe recent round of tariffs is just a Trump chest puff in order to get the Fed to lower rates more aggressively. It will work. Renewed trade tensions between the U.S. and China will create more economic cross-currents, which will force the Fed to cut rates more aggressively. Once those rates go lower, Trump will probably pull some of these tariffs off the table because he doesn't want the trade war to get out of hand ahead of the 2020 election. China will stop playing currency manipulation games because they, too, don't want things to get out of hand since trade with the U.S. accounts for a significant chunk of their economic activity.Net net, by the end of the year, you will have reduced trade tensions and lower rates. That's a winning recipe for stocks, especially growth stocks which thrive in a low rate environment. * 10 Stocks to Buy on the Trade War Dip As such, growth stocks look like a good buy on this recent dip. By extension, growth ETFs also look a like good buy on this dip. Thus, let's take a look at six growth ETFs which look good for a second half 2019 rebound rally. First Trust Nasdaq Cybersecurity ETF (CIBR)Source: Shutterstock YTD Gain: 21%Percent off 2019 Highs: 8%The Big Idea: Cybersecurity spend globally will continue to rise, implying sustained big growth potential for cybersecurity companies, and this ETF gives you broad exposure to the world's most important cybersecurity stocks.Key Holdings: Cisco (NASDAQ:CSCO), Fortinet (NASDAQ:FTNT), Palo Alto Networks (NYSE:PANW), Splunk (NASDAQ:SPLK) and Okta (NASDAQ:OKTA)For the past several years, I have employed a saying which broadly encompasses the bull thesis on cybersecurity stocks: another day, another hack, another reason to buy cybersecurity stocks. Long story short, companies are increasingly accumulating data on their customers and storing that data in the cloud. This data is extremely valuable and often very personal. But because it's in the cloud, it is subject to being stolen by hackers. Thus, enterprises need to keep spending big on cybersecurity solutions to secure all that data, and the more hacks that happen in the world, the more companies will double down on cybersecurity spend to avoid such hacks.This is exactly what has happened over the past several years. Every company in the world is collecting and storing more data. But all that data keeps getting compromised. In 2016, Adult Friend Finder, Yahoo and Uber (NYSE:UBER) were the victims of big hacks. In 2017, it was Equifax (NYSE:EFX) and Verizon (NASDAQ:VZ) and in 2018, it was Marriott (NASDAQ:MAR), Twitter (NYSE:TWTR), Under Armour (NYSE:UAA) and Chegg (NASDAQ:CHGG). So far in 2019, the headline hack has been the Capital One (NYSE:COF) data breach, which exposed info on more than 100 million Capital One customers.As all these hacks have happened, cybersecurity companies have broadly benefited from consistently huge revenue growth. Palo Alto Networks reported 28% revenue growth last quarter. Fortinet was up at 18% revenue growth last quarter. Splunk? 36%. Okta? 50%. Even further, the whole industry has high gross margins, so big revenue growth is paving the path for huge profits at scale one day.Nothing about this secular growth narrative changes because of the trade war. Instead, the lower rates go, the more the lofty valuations underneath cybersecurity stocks will be justified. As such, the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) -- which is a collection of the market's most important cybersecurity stocks -- should rebound in a big way from today's 8% selloff and head significantly higher into the end of the year and over the long run. First Trust Cloud Computing ETF (SKYY)Source: Shutterstock YTD Gain: 17%% off 2019 Highs: 9%The Big Idea: The cloud is the future of all enterprise workloads, yet only 20% of such workloads have migrated to the cloud, paving the path for sustained huge market growth in the long run -- and this ETF gives you exposure to the world's most important cloud stocks.Key Holdings: VMWare (NYSE:VMW), Salesforce (NASDAQ:CRM), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT)In the enterprise world, the cloud is the future of everything. Every single enterprise workload -- from crafting an email to creating a spreadsheet and everything in between -- can and should be done in the cloud, given the cost and convenience advantages of cloud-hosted solutions over on-premise solutions. After all, are we really going back to the era of flash drives?As such, the inevitable outcome here is that, eventually, 100% of enterprise workloads will be performed in the cloud. Today, only 20% of enterprise workloads have migrated to the cloud. Thus, this secular cloud growth narrative is only one-fifth done.And that's just the enterprise side of things. Consider that consumers are also increasingly pivoting to the cloud - think Office 365 or Adobe Photoshop. That's an entirely separate yet also very large growth vertical which should keep the entire cloud market on a secular uptrend for the next several years.Consequently, the big growth rates across this industry are here to stay. As they do stick around, cloud stocks will rally and that will drive the First Trust Cloud Computing ETF(NASDAQ:SKYY) significantly higher in the long run. * 9 Catalysts That Will Drive Chinese Biotech Stocks Much Higher Near term, escalating trade tensions will have a negative impact of enterprise investment levels, which could temporarily weigh on cloud growth rates. But as mentioned earlier, these escalating trade tensions will inevitably cool, meaning that any weakness here and now will be short lived. Instead, the more important implication is that falling rates will keep cloud stocks on a medium-term uptrend. iShares Expanded Tech-Software Sector ETF (IGV)Source: Shutterstock YTD Gain: 22%% off 2019 Highs: 8%The Big Idea: Software-as-a-Service (SaaS) stocks are winning investments, and this ETF gives you broad exposure to the world's best SaaS stocks.Key Holdings: Adobe (NASDAQ:ADBE), ServiceNow (NYSE:NOW), Autodesk (NASDAQ:ADSK), Microsoft and SalesforceThe best way to look at the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) is as a slightly expanded version of the Cloud Computing ETF. When buying IGV, you get the best cloud stocks, plus other SaaS stocks which are supported by similar secular adoption tailwinds and favorable margin profiles.The big holdings here include Adobe, ServiceNow, Autodesk and Salesforce. What do all these companies have in common? Huge revenue growth, with a majority of that revenue coming from steady subscription models. Big gross margins, which is the result of selling low cost software. And rapidly expanding operating margins, a byproduct of huge revenue growth driving positive operating leverage.Put those three things together and each of these companies is either currently or has the potential to produce huge profits.In other words, the core fundamentals underlying IGV are very strong. Those fundamentals are hardly deterred by the trade war. Yet the ETF is 8% off its 2019 highs. This drop will inevitably pass, especially with rates dropping and IGV will roar higher from here into the end of the year. Global Robotics and Automation Index ETF (ROBO)Source: Shutterstock YTD Gain: 10%% off 2019 Highs: 15%The Big Idea: The automation trend is choppy, but within the next decade, automated technologies will go from niche to mainstream adoption, implying big growth potential for robotics and automation stocks in the long run -- most of those winning stocks are packaged into this ETF.Key Holdings: Nvidia (NASDAQ:NVDA), Zebra (NASDAQ:ZBRA), Intuitive Surgical (NASDAQ:ISRG), Rockwell Automation (NYSE:ROK) and iRobot (NASDAQ:IRBT)Of all the ETFs on this list, the Global Robotics and Automation Index ETF (NYSE:ROBO) has been the worst performer in 2019. Every other ETF on this list is beating the market year-to-date, with gains in excess of 14%. ROBO, on the other hand, has under-performed the S&P 500 in 2019, rising just 10% year-to-date.This underperformance won't last for long. The automation trend is admittedly choppy. Technology isn't quite there to justify enterprises spending big on automation… yet. Meanwhile, negative robot stigmas remain in the consumer world, so things like self-driving and robotic vacuum cleaners remain niche… for now.These are temporary phenomena. Eventually, technology will get to a point where automated technologies are good enough (and their value so compelling) that enterprises will pivot wholesale to adopting these technologies. At the same time, there will come a point where things like self-driving have enough evidence of success that consumers will start to trust them in bulk.In other words, it's only a matter of time before the automation wave changes our entire society. When it does, robotics and automation stocks -- like Nvidia, Zebra, Intuitive Surgical and Rockwell -- will soar. All of those stocks are packaged into the ROBO ETF, meaning that ROBO has huge potential long term. * 10 Cyclical Stocks to Buy (or Sell) Now The trade war is just a hiccup in the secular automation growth narrative. As such, with ROBO down 15% due to trade war noise and near-term growth concerns, now looks like a compelling time to buy into this secular growth ETF. Amplify Online Retail ETF (IBUY)Source: Shutterstock YTD Gain: 20%% off 2019 Highs: 7%The Big Idea: E-commerce and digital services are the future of the consumer economy, and this ETF gives you exposure to all of the most important e-commerce and digital services stocks in the U.S.Key Holdings: Wayfair (NYSE:W), Etsy(NASDAQ:ETSY), PayPal (NASDAQ:PYPL), Chegg and AmazonThe internet has connected the world in ways that it's never been connected before. In so doing, it has enabled a new digital economy to emerge, which leverages this unprecedented connectivity to allow consumers to essentially do anything from their computers or phones. Need to buy something? Go on the Amazon app. Need to study something? Go to Chegg.com. Want to sell something? Create an account on Etsy.Pretty much every consumer interaction can now be replicated online. Consumers like this. It's more convenient. They don't have to go to the store to shop. They don't have to go to the library to study.Yet, e-commerce still only represents 10% of total retail sales in the United States, which is considered one of the more deeply e-retail penetrated markets in the world. As such, there's still plenty of room for growth left here, the sum of which should drive e-commerce and digital services stocks -- and the Amplify Online Retail ETF (NASDAQ:IBUY) -- materially higher in the long run.IBUY is presently 7% off its 2019 highs because of this fear that escalating trade tensions will disrupt the global consumer economy and in turn, weigh on e-retail growth rates. That could happen. But things would need to get a lot worse. At present, the U.S. consumer economy is still firing on all cylinders, thanks to sustained healthy labor conditions. The same is true for many other important consumer economies across the world.Consequently, near term weakness in IBUY looks like a long term opportunity. This high-growth ETF should rally into the end of 2019 and over the long run. ETFMG Prime Mobile Payments ETF (IPAY)Source: Shutterstock YTD Gain: 35%% off 2019 Highs: 6%The Big Idea: The consumer economy is becoming increasingly digital, and as it does, that means payments are becoming increasingly digital, too -- this growth ETF gives you exposure to all the stocks which are powering this global secular pivot to e-payments.Key Holdings: Mastercard (NYSE:MA), Visa (NYSE:V), Square (NYSE:SQ), American Express (NYSE:AXP) and PayPalE-commerce is just one part of the digital economy growth narrative. The other part is e-payments. That is, as consumers increasingly pivot into the digital economy, they are simultaneously adopting non-cash payment methods which support digital transactions.In plain English, this translates into "consumers are ditching cash for non-cash payment methods, like cards and e-wallets, because they support digital transactions, which are becoming an increasingly big part of the consumption pie". This dynamic will persist for the foreseeable future. That means big growth for companies which provide these non-cash payment methods. Such companies include Mastercard, Visa, Square and PayPal. All four of those companies reported payment volume growth of 9% or better last quarter.The Prime Mobile Payments ETF (NASDAQ:IPAY) takes all of these non-cash payment processor stocks and packages them into one asset. Presumably, then, as these stocks all rise concurrently over the next several years with the non-cash payments pivot, IPAY will rise, too. * 3 Steps Every Investor Should Take Before the Next Stock Market Crash The near term outlook is equally rosy. As is the case with IBUY, IPAY has dropped over the past few trading days over concerns that escalating trade tensions will dampen global consumer enthusiasm. But this isn't happening yet. It will take a lot more for this to happen. Trade tensions are more likely to cool going forward, than they are to heat up. As such, the outlook for payments stocks to rally into the end of 2019 is favorable.As of this writing, Luke Lango was long PANW, SPLK, OKTA, UBER, CHGG, NFLX, AMZN, MSFT, ADBE, PYPL, V and SQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post 6 Big Growth ETFs to Buy For the Second Half of 2019 appeared first on InvestorPlace.

  • 9 High-Risk Stocks to Buy for Massive Rewards

    9 High-Risk Stocks to Buy for Massive Rewards

    [Editor's note: This story was previously published in April 2019. It has since been updated and republished.]Slow and steady wins the race, as the old adage goes. But slow and steady can be a bit boring. Investors looking for stocks to buy, as a rule, should focus on high-quality, and preferably, lower-risk issues.Still, there's room in any investor's portfolio for higher-risk, higher-reward plays -- as long as those risks are understood.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn that vein, here are 10 stocks to buy that offer potentially significant rewards … and almost as much risk. None of these stocks should be a core part of a portfolio, and all have the potential to blow up in your face. * 10 Stocks to Buy on the Trade War Dip But taking those risks also creates the possibility of a major reward. It's likely at least a few of these stocks will wind up big winners going forward. Teva Pharmaceutical (TEVA)Teva Pharmaceutical (NYSE:TEVA) isn't having a great year, down more than 57%.Teva has too much debt and too little growth. Its key drug, Copaxone, which treats multiple sclerosis, is facing generic competition from Mylan (NASDAQ:MYL), among others.Bankruptcy likely isn't a near-term scenario but the current trajectory suggests it could occur down the line. In short, TEVA is a classic contrarian, "buy when there's blood in the streets" type of play. And there are reasons TEVA is one of these great (if risky) stocks to buy.While pressure has persisted on generic drugs, but it won't last forever.The company has sold assets to clean up its balance sheet, which has de-risked the story somewhat. In my opinion, Teva is a better version of Valeant, but with an easier path back to normalcy.It's a risky path, but if it works TEVA could gain another 20%-plus simply by reaching a higher multiple and removing bankruptcy fears. Scientific Games Corp (SGMS)The story already has played out somewhat at Scientific Games (NASDAQ:SGMS), which is up 14.23% so far this year. But the growth story isn't necessarily over.Source: Shutterstock Only a few years ago, Scientific Games was a sleepy, low-growth provider of lottery tickets and terminals. But that changed in quick succession.SciGames acquired slot machine manufacturers WMS Industries and Bally Technologies, the latter coming only months after Bally bought equipment maker and gaming table designer Shuffle Master. Scientific Games became the dominant supplier to the casino industry worldwide: a "one-stop shop" for casino floors.It also became one of the most indebted companies in the U.S. markets and still is. The combination of that debt and careful cost controls at casinos, particularly in the U.S., kept SGMS stock below $20 to start the year. * 10 Cyclical Stocks to Buy (or Sell) Now But it now looks like the long-awaited "replacement cycle" of slot machines is arriving and that could be hugely beneficial for Scientific Games and its smaller, similar rival Everi Holdings Inc (NYSE:EVRI). And considering how much leverage is still on the balance sheet, there's a case for SGMS to clear $100 -- yes, $100 -- if profit growth accelerates.That's not a guarantee, obviously, but it's the nature of highly indebted companies. Leverage is a weight when those companies struggle, and it's a springboard when they grow. Chesapeake Energy (CHK)In the case of Chesapeake Energy Corporation (NYSE:CHK), leverage has been a weight. After optimism about stable energy prices and Chesapeake's improved balance sheet boosted CHK stock in 2017, it was nothing but downhill in 2018.Source: Shutterstock CHK now trades down more than 68% since the beginning of the year and just bounced off multi-year lows.I think CHK is the best, if riskiest, of the stocks to buy on higher energy prices.It's also worth pointing out that Chesapeake bonds actually have been rather stable so far this year. Efficiency improvements at the wellhead have lowered costs as well.Chesapeake is a risky play, but the combination of debt on the balance sheet and leverage from higher energy prices mean that with a couple of changes, CHK could soar. Splunk (SPLK)Splunk (NASDAQ:SPLK), on the other hand, isn't the cheapest stock in its space or anywhere else. The high-flying "operational intelligence" software provider trades up nearly 30% since the beginning of the year alone.Source: Web Summit Via FlickrThe valuation alone shows the risk in SPLK, which has pulled back from brief early-2014 highs above $100. But since that pullback, SPLK stock actually has been rather stable, as investors give the company time to grow into its valuation.Meanwhile, Splunk continues to be a likely acquisition target, with Cisco (NASDAQ:CSCO) cited as a potential buyer in June and International Business Machines (NYSE:IBM) long thought to be a logical acquirer. * 10 Generation Z Stocks to Buy Long Splunk is a classic growth stock in that it, too, is high-risk and high-reward. But it looks like one of the better growth stocks to buy in what might be an over-aggressive market at the moment. Ship Finance International (SFL)The shipping space generally has been a "Bermuda Triangle" for investor capital, but Ship Finance International (NYSE:SFL) might be the exception to the rule.Source: Shutterstock There's likely to be some near-term volatility and Ship Finance's dividend, which currently yields 11%, could be at risk, but it's still one of those great stocks to buy if you can handle the risk.But this also remains one of the best plays in shipping, available for a modest premium to book value and at low-teens multiple to earnings. The industry alone, and a heavily leveraged balance sheet, both show the risk.But if Ship Finance can make it through some choppy waters over the next few months, there's likely a nice return for shareholders on the other side. GW Pharmaceuticals (GWPH)There's no sector of the market more boom-and-bust than biotech and drug development. GW Pharmaceuticals (NASDAQ:GWPH) doubles down on that volatility by developing its drugs from marijuana.But GW Pharmaceuticals isn't one of those fly-by-night penny stocks to buy based on legalized weed. Which is why it popped on its Q2 marijuana-based sales. It's a $2.6 billion pharmaceutical company with a legitimate lead product candidate in Epidiolex, aimed to treat Dravet Syndrome and Lennox-Gastaut Syndrome.Sativex, used to treat multiple sclerosis spasticity, already is on the market. And another compound has potential uses to fight epilepsy and treat autism spectrum disorders. * 8 of the Most Shorted Stocks in the Markets Right Now Like most drug development plays, GWPH is high-risk. But there's a reason for investors to hold long-term optimism toward the company's pipeline. Success in getting those drugs to market likely would make GWPH an acquisition target at some point suggesting a significant upside from current levels. If it happens, analysts see GWPH stock surging near 30%.That in turn, would suggest likely significant upside from current levels for GWPH stock. Canadian Solar (CSIQ)Considering that solar power actually is gaining an increasing share of the U.S. market, in particular, it's surprising that solar stocks including Canadian Solar (NASDAQ:CSIQ) actually haven't done all that well.Source: Shutterstock SolarCity had to be rescued by Tesla (NASDAQ:TSLA). First Solar (NASDAQ:FSLR) is down from multi-year highs despite the recent strength.There are risks for CSIQ, in particular. "Commoditization" and price pressure could hit margins. Still, demand for CSIQ equipment is growing, the stock isn't terribly highly valued, and it's lagged of late while FSLR, in particular, has risen.Solar stocks are likely to stay choppy for a while, but CSIQ should have some room to run if it can get through the second half of the year. Superior Industries International (SUP)Superior Industries International (NYSE:SUP) is on the move again. Shipments of the company's aluminum wheels hit a record last year and it's starting to pay off.Source: Helgi Halldorsson via FlickrAuto parts stocks as a whole have had trouble, driven by "peak auto" concerns in the space. Superior itself has had a couple of missteps that impacted margins, and profits. And with SUP one of the more indebted companies in the sector, both factors have had an amplified impact on Superior's share price.But there's a reason to see a reversal as well, which is what makes SUP one of the smart stocks to buy. Near-term auto sales may be coming down, particularly in the U.S. * 7 A-Rated Stocks Under $10 Last year's acquisition of European supplier UNIWHEELS improved Superior's position overseas. And there is room to improve execution, and hopefully, margins, going forward.SUP does have potential downside risk, particularly if global macro concerns arise, pressuring auto sales and dropping SUP earnings further. But for contrarians who think the auto parts selloff is overdone, SUP is one of the more intriguing plays. Chegg (CHGG)Chegg (NYSE:CHGG) is another of the growth stocks to buy with a high valuation and a big opportunity.Source: Rob Wall via Flickr (Modified)The company began as an online textbook rental company. But it wound up outsourcing that business to another provider and since has focused on becoming the dominant digital platform for U.S. college students.And Chegg is having some success. Revenues are growing and adjusted EBITDA has turned positive after years of losses. The company's tutors and study services businesses are growing rapidly, and it's becoming a fixture in the college landscape.There are risks here beyond valuation. Like so many companies, Amazon is a potential competitor down the line, given its efforts to offer free Prime services to college students. But at this point, it might simply be easier for Amazon to buy Chegg, rather than expend the resources to try and fight it.With each passing quarter, Chegg gets more and more entrenched. And that only serves to strengthen the bull case for CHGG stock.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Cheap Stocks That Are Leading the Blue Chips * 7 Straight-A Stocks to Build a Portfolio Around * Forget the FANGs -- Buy These 5 Tech Stocks Instead The post 9 High-Risk Stocks to Buy for Massive Rewards appeared first on InvestorPlace.