The Latest Breaking News from SPLK

Analysts lauded Splunk Inc (NASDAQ: SPLK) pos

Splunk Inc (NASDAQ:SPLK) reported first-quarter FY23 revenue growth of 34.3% year-over-year to $674.08 million, beating the consensus of $628.75 million. Cloud revenue was $323 million (+66% Y/Y). Cloud Dollar-Based Net Retention Rate was 130%. 329 customers with cloud ARR greater than $1 million (+62% Y/Y). The gross margin expanded by 425 bps…

Analysts have provided the following ratings for Splunk (NASDAQ:SPLK) within the last quarter:

Data analytics company Splunk (SPLK) posted impressive growth in its cloud annual recurring revenue in its recent quarterly earnings release. But is it worth betting on the stock given its premium valuation? Read on. Let's find out.

Private-equity firm Hellman & Friedman LLC acquired a 7.5% stake in Splunk Inc (NASDAQ:SPLK) worth about $1.4 billion. The Wall Street Journal reports that Hellman & Friedman started buying the stake in mid-late December after Splunk shares plunged when the company's former CEO resigned following several quarters of disappointing results.  The stake would make Hellman & Friedman…

Over the past 3 months, 6 analysts have published their opinion on Splunk (NASDAQ:SPLK) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Splunk Inc (NASDAQ: SPLK) is trading higher Thursday after the company reported better-than-expected financial results and issued guidance above estimates. 

Someone with a lot of money to spend has taken a bullish stance on Splunk (NASDAQ:SPLK). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

BTIG upgraded its rating on Splunk Inc (NASDAQ: SPLK) as recent channel checks were "improving," and the company was "turning a corner with its cloud product and observability platform."

Over the past 3 months, 12 analysts have published their opinion on Splunk (NASDAQ:SPLK) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.