During the same period in the previous year, the company posted ($1.84) earnings per share. The company had revenue of $674.08 million during the quarter, compared to the consensus estimate of $629.73 million. Splunk had a negative return on equity of 396.11% and a negative net margin of 41.20%.
SPLUNK REVENUE SOFTWARE
The software company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.42.
Splunk ( NASDAQ:SPLK – Get Rating) last announced its quarterly earnings results on Wednesday, May 25th. Based on data from MarketBeat, Splunk has a consensus rating of Moderate Buy and a consensus price target of $143.71. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Finally, Citigroup reduced their target price on Splunk from $145.00 to $120.00 and set a neutral rating for the company in a research note on Friday, May 27th. assumed coverage on Splunk in a research note on Thursday, March 31st. Needham & Company LLC decreased their price target on Splunk from $145.00 to $118.00 and set a buy rating for the company in a report on Thursday, May 26th. Piper Sandler decreased their price target on Splunk from $150.00 to $130.00 in a report on Thursday, May 26th. BTIG Research decreased their price target on Splunk from $155.00 to $132.00 and set a buy rating for the company in a report on Tuesday, May 24th.
SPLK has been the subject of a number of other reports. The firm issued a buy rating and a $130.00 target price on the software company’s stock. Canaccord Genuity Group began coverage on shares of Splunk ( NASDAQ:SPLK – Get Rating) in a research note issued to investors on Thursday, The Fly reports.
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