![]() Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Also, Splunk sports a “Perfect 10” Smart Score on TipRanks, implying it has the potential to beat the broader market averages.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Our data shows that hedge funds bought 801.5K shares of Splunk last quarter. The stock average price target of $116.06 implies 13.3% upside potential.įurthermore, the stock has a positive signal from hedge funds. Splunk has a Moderate Buy consensus rating based on 13 Buy and nine Hold recommendations. The Wall Street community is cautiously optimistic about SPLK stock. Moreover, for Fiscal Year 2024, Splunk anticipates revenue in the range of $3.85 billion to $3.9 billion. It expects fiscal Q1 revenue between $710 million and $725 million. Regarding guidance, the company has provided a cautious outlook, based on current macroeconomic conditions and market uncertainty. Further, the adjusted EPS of $2.69 compares favorably with a loss of $1.25 per share. In the reported quarter, Splunk witnessed 790 customers with total annual recurring revenue greater than $1 million, up 115 customers from the same quarter last year.įor Fiscal Year 2023, the company reported a 37% year-over-year jump in revenues to $3.65 billion. The upside was due to strong demand for term licenses and higher cloud services revenues. Meanwhile, revenues climbed 39% to $1.25 billion and beat the consensus estimate of $1.08 billion. The company provides software solutions allowing users to monitor, investigate, and analyze data, helping in operational decision-making.Īdjusted earnings of $2.04 per share surpassed analysts’ expectations of $1.14 and increased significantly from $0.66 per share in last year’s quarter. SPLK shares, however, trended lower in Wednesday’s after-hours trading as the company failed to impress investors with its guidance. Splunk ( NASDAQ:SPLK) delivered better-than-expected results for the fourth quarter of Fiscal Year 2023, with revenues crossing the $1 billion mark for the first time.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |