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May 3, 2019 · As an investor, you want to buy srocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of...
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Splunk delivered a strong beat-and-raise performance for its fiscal second quarter. Here's what investors need to know. Why Artificial Intelligence (AI) Stock Splunk Was Cruising Higher This...
- Splunk
- Leadership Remains Strong
- Splunk's Cloud Transition Turns A Corner
- Strong Recurring Revenue
Splunk's CEO departure may sound alarming on the surface. However, the company has talented leaders to carry the torch. The chairman of Splunk's board, Graham Smith, stepped in to fill the CEO void while a replacement is found. Mr. Smith was previously the CFO of successful tech company Salesforce, which, like Splunk, focuses on software-as-a-servi...
That evolution involves transitioning Splunk's clients to the cloud. For the last few years, Splunk has been on a journey to move to a SaaS model. This allows clients to pay a low recurring fee instead of shouldering high up-front costs to buy a license. For Splunk, subscriptions provide a consistent revenue stream. This initiative turned a corner ...
Since the subscription model collects fees over time, quarterly revenue numbers don't capture the full value of Splunk's customers. Annual recurring revenue (ARR), which measures the annualized run rate of Splunk's customer contracts, is a better metric to assess performance. Here, Splunk is doing well. Its Q3 cloud ARR reached $1 billion for the f...
- Robert Izquierdo
Sep 28, 2023 · Shares of Splunk Inc. SPLK have risen a stellar 78.8% over the past year as it continues to gain traction from healthy customer engagement, evident from the consistently high net retention and...
Mar 18, 2024 · According to 30 analysts, the average rating for SPLK stock is "Hold." The 12-month stock price forecast is $135.63, which is a decrease of -13.56% from the latest price.
2 days ago · Should I buy or sell Splunk stock right now? 28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 23 hold ratings and 5 buy ratings for the stock.
Jun 7, 2021 · Investment Thesis. Splunk (NASDAQ: SPLK) is a real-time data platform that's attempting to regain traction and be viewed as a leader in our data-driven economy. Moreover, given that it's on a...
