Splunk (SPLK) Earning Somewhat Favorable Press Coverage, Study Finds

News articles about Splunk (NASDAQ:SPLK) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Splunk earned a news impact score of 0.21 on Accern’s scale. Accern also gave news articles about the software company an impact score of 45.9660866942049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Splunk (NASDAQ SPLK) opened at $106.43 on Wednesday. Splunk has a twelve month low of $54.17 and a twelve month high of $109.76. The company has a market capitalization of $15,263.36, a P/E ratio of -56.91 and a beta of 1.95.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The company had revenue of $419.70 million for the quarter, compared to the consensus estimate of $390.79 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. equities research analysts expect that Splunk will post -1.21 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Splunk from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Argus raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Splunk from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, March 5th. Finally, Bank of America increased their price target on shares of Splunk from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average target price of $98.26.

In other news, CFO David F. Conte sold 6,993 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now owns 110,364 shares in the company, valued at $8,909,685.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.43% of the company’s stock.

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Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

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