Splunk (SPLK) Is Falling As Outlook Disappoints

(NASDAQ:SPLK) posted a surprise factor of -17.54%. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.

SPLK has been the subject of a number of recent analyst reports. On 7th Day after earnings release, Splunk, Inc. Wedbush reissued an "outperform" rating and set a $75.00 price objective on shares of Splunk in a research note on Wednesday, January 18th. Finally, Zacks Investment Research raised Splunk from a "sell" rating to a "hold" rating in a research report on Thursday, January 19th. The Closing price of Splunk, Inc. Eleven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $69.14. (NASDAQ:SPLK) rose 0.05% to $64.98. 616,060 shares of the company's stock traded hands. The total market capitalization remained at $44.54 billion. Looking at the stock's movement on the chart, Splunk Inc. recorded a 52-week high of $65.75. The firm's 50-day moving average is $58.51 and its 200 day moving average is $58.67.

Alcoa Corporation (NYSE:AA) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.14 The reported earnings per share topped the analyst's consensus by $-0.06 with the percentage difference between estimated and actual earnings arriving at -30.00%. The software company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.04. The company earned $245 million during the quarter. Splunk had a negative return on equity of 41.28% and a negative net margin of 41.72%. Splunk's revenue was up 39.3% compared to the same quarter a year ago. During the same period in the prior year, the firm posted $0.05 earnings per share.

"Splunk Inc. (SPLK) Posts Earnings Results, Beats Expectations By $0.08 EPS" was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. MKM Partners reaffirmed a "neutral" rating on shares of Splunk in a research report on Friday, November 4th. If you are reading this piece on another website, it was copied illegally and republished in violation of USA & worldwide copyright and trademark law. The stock was sold at an average price of $55.76, for a total value of $191,591.36. Also, SVP Leonard R. Stein sold 3,436 shares of Splunk stock in a transaction dated Wednesday, December 14th. Following the completion of the sale, the senior vice president now owns 107,523 shares of the company's stock, valued at $5,995,482.48. The disclosure for this sale can be found here. It is predicted to add 8% on day 1 and jump 10% on day 7 after the company reports upcoming earnings.

While trading at volume above than average, Splunk Inc. TLP Group LLC acquired a new position in shares of Splunk during the third quarter valued at $311,000. As the past trend shows, Splunk Inc.'s stock price has rallied after earnings in 11 of the last 19 quarters. For SPLK, the company now has $365.59 Million of cash on the books, which is offset by $- current liabilities. Wells Fargo & Company MN now owns 4,822,697 shares of the software company's stock valued at $282,995,000 after buying an additional 371,290 shares during the period. 3,093,178 shares of the company were exchanged. During the trading on 02/22/2017, Company's stock ranged from $36.21 to $36.71.

  • Zachary Reyes