Buy, Sell or Hold: Splunk Inc (SPLK-Q)

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Splunk Inc (SPLK-Q)

156.90

-0.00 (0.00%)

as of Mar 15, 2024, 12:00:00 am Market Open.

38 watching

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RISKY

Likes the CEO. Worth trying.

BUY

Enterprise cloud computing has had a rough year, but SPLK just reported a strong quarter and rallied. They reported 83 cents EPS vs. the expected 25 and much higher than expected sales, up 44% year over year. They raised their full-year forecast. In October, shares trades in the low-$60s, but their business is holding up just fine.

DON'T BUY

They report Wednesday. Watch for the new CEO's progress report. This whole sector has been hated in this market. Real EPS will turn this around, not profits adjusted for stock-based compensation, a metric that obscures real earnings.

DON'T BUY

They're taking too long to transition to a cloud-based business. They have been plagued by poor execution, though things have gotten better under the new CEO. More than 95% of companies in the Fortune 500 use Splunk software. If they can correct their execution, shares could soar.

BUY

Last week, they delivered a nice top and bottom-line beat and raised its full-year forecast. But they didn't raise their annual recurring revenue guidance, and cut it by $250 million and cloud revenue came in light for the quarter. So, shares tumbled 12% the next day. Remember that Splunk is transitioning to a software-as-a-service business model, so maybe there's a speed bump (given the recurring revenue guidance). But demand for security isn't going away.

PAST TOP PICK

(A Top Pick Sep 21/20, Down 12%) He bought a 1/3 position here at $155, and he'll add at 140 and 125. Growing like a weed despite its scale. Uses are infinite, very focused on visualizing and analyzing machine data. Management always has profitability in mind. Valuation continues to be reasonable. Growth trajectory, but almost considered cheap.

WAIT

The company lost a key quarter, so wait till after this quarter to see how the company is doing.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly SPLK has worked hard to transition their business from an on-premises software service to a cloud-based business and the results are beginning to show. Recently reported earnings beat analyst estimates with annualized recurring revenues surging by over 40% to $2.3 billion. Over 90% of the stock is held by institutions, who have a strong staying power. The company is still not yet profitable, but with the pipeline of projects and cash flow growing (an estimated $900 million last year), they are well positioned. We would purchase this with a stop-loss of $100, looking to achieve $209 -- upside potential exceeding 54%. Yield 0% (Analysts’ price target is $208.91)

WAIT

It sold off in today's Pfizer vaccine really. Be patient, don't wait. He strongly believes in it. This could reach $180.

PARTIAL BUY

Allan Tong’s Discover Picks Despite its unfortunate name, Splunk is an American data analytics company worth considering. Clients that use their platform include Intel, Comcast and Coca-Cola. It IPO'd in 2012 as an early big-data tech stock and has risen in this space since. Their data has moved to the cloud, and their cybersecurity segment has grown. Read Uber Stock and Splunk Stock: 3 More Exciting Top Tech Stocks to Watch for our full analysis.

TOP PICK

A leader in data analytics, analyzing a company's data and actionable offering results to managers. They've shifted to a subscription model that investors love. They have competitors, but their focus on machine data is unique. They've shifted business to the cloud and a a result its rate prturn has soared. SPLK has been around for a long time. They target $1 billion in cash flows by 2023. He targets $230. Buy a third now, buy at $150, then at $125. (Analysts’ price target is $238.44)

COMMENT

IPOd in 2012, arguably as the first big-data tech stock. Unfairly sold off this week, along with many other tech names, due to the rush to buy tech IPOs this past week, namely Snowflake. Deserves a look.

TOP PICK

Big player in big data space. Now their data play is in the cloud. Cybersecurity is now a more mature business. Right trends at the right time. Q4 earnings well above consensus. Lowered guidance in January, which gave investors a chance to buy. His price target is 137. Not expensive. PEG ratio is 2.07. No dividend. (Analysts’ price target is $151.97)

COMMENT

What do you do with a price target? Price target of $130.65. Once he gets within 5% of a target, he looks to sell some (33-50%) shares. and even more if a stock price surpasses that target.

PAST TOP PICK

(A Top Pick March 31/14. Down 11.25%.) He bought this as it was coming off a 35% correction at around $65 and he immediately got stopped out. Still a big name in big data analytics. A great story that will do well.

Showing 1 to 15 of 17 entries

Splunk Inc(SPLK-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Splunk Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Splunk Inc(SPLK-Q) Frequently Asked Questions

What is Splunk Inc stock symbol?

Splunk Inc is a American stock, trading under the symbol SPLK-Q on the NASDAQ (SPLK). It is usually referred to as NASDAQ:SPLK or SPLK-Q

Is Splunk Inc a buy or a sell?

In the last year, there was no coverage of Splunk Inc published on Stockchase.

Is Splunk Inc a good investment or a top pick?

Splunk Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Splunk Inc.

Why is Splunk Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Splunk Inc worth watching?

0 stock analysts on Stockchase covered Splunk Inc In the last year. It is a trending stock that is worth watching.

What is Splunk Inc stock price?

On 2024-03-15, Splunk Inc (SPLK-Q) stock closed at a price of $156.9.

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Splunk Inc(SPLK-Q) Rating

Splunk Inc(SPLK-Q) Frequently Asked Questions

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Is Splunk Inc a good investment or a top pick?

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