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SPLK

Splunk

$102.00

2.77 (2.79%)

05:02
11/30/18
11/30
05:02
11/30/18
05:02

Splunk raised guidance by more than the Q3 beat, says Jefferies

Splunk exceeded fiscal Q3 expectations, raised fiscal 2019 by more than the beat, and raised its outlook for fiscal 2020, Jefferies analyst John DiFucci tells investors in a post-earnings research note. The analyst continues to view the company as a "unique asset" that represents one of the best ways to play the Big Data theme. Further, he believes the underlying business is likely stronger than it appears. The analyst keeps a Buy rating on Splunk with a $137 price target.

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    Jan

SPLK Splunk
$102.00

2.77 (2.79%)

11/06/18
11/06/18
DOWNGRADE

Market Perform
Splunk downgraded to Market Perform on decelerating growth at Bernstein
As previously reported, Bernstein analyst Mark Moerdler downgraded Splunk to Market Perform from Outperform as he believes growth is decelerating. The analyst has grown increasingly concerned that its strong reported revenue growth numbers in FY 2019 have been the result of increasing the duration on Term License contracts, which are now fully recognized up front under ASC 606, instead of ratably under ASC 605. Moerdler believes Splunk is likely still a potential acquisition target.
11/26/18
PIPR
11/26/18
NO CHANGE
Target $120
PIPR
Overweight
Splunk price target lowered to $120 from $135 at Piper Jaffray
Piper Jaffray analyst Alex Zukin lowered his price target for Splunk to $120 ahead of the company's fiscal Q3 results on Thursday. The analyst's channel checks suggest a "strong quarter across geographies and verticals with morale and execution being very strong." Zukin reduced his price target to reflect the recent valuation contraction in the peer group but remains positive on Splunk shares with an Overweight rating.
11/27/18
BMOC
11/27/18
NO CHANGE
Target $133
BMOC
Outperform
Splunk demand trends remain solid, says BMO Capital
BMO Capital analyst Keith Bachman kept his Outperform rating and $133 price target on Splunk, saying there is "upside tension" to his and to consensus estimates for October quarter billings and revenues based on the company's "solid demand trends". The analyst also anticipates the company to provide strong January quarter guidance and for the management to "devote considerable attention to billings duration on the upcoming earnings call" to answer investors' concerns about its billings duration. Bachman further points to Splunk's attractive valuation, with the stock currently trading at about 6.5-times enterprise value to revenue multiple, which is about 6% below its 3-year average.
11/30/18
MUFG
11/30/18
NO CHANGE
Target $130
MUFG
Overweight
Splunk target raised to $130 on 'solid momentum' at MUFG
MUFG analyst Stephen Bersey raised his price target for Splunk to $130 from $128 saying the company's "streak of solid momentum continues." The analyst views last night's fiscal Q3 results as "strong," marked by a re-acceleration of license revenue growth to 44.3% year-over-year, the highest level of the fiscal year thus far. Splunk still has a long runway of growth ahead of it as its core business solutions continue to gain traction within the enterprise vertical and as the company continues to roll out new products and solutions, Bersey tells investors in a post-earnings research note. He reiterates an Overweight rating on the name.

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AMRN

Amarin

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NCNA

NuCana

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KZR

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FSM

Fortuna Silver Mines

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CANG

Cango

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BCH

Banco de Chile

$23.88

2.49 (11.64%)

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ITCB

Itau Corpbanca

$7.51

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FTCH

Farfetch

$9.80

2.31 (30.84%)

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KRP

Kimbell Royalty Partners

$13.99

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BANC

Banc of California

$14.75

(0.00%)

, FCBP

First Choice Bank

$22.50

(0.00%)

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Banc of California

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AMAT

Applied Materials

$61.35

4.46 (7.84%)

, PCG

PG&E

$6.92

0.22 (3.28%)

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Applied Materials

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PCG

PG&E

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DHR

Danaher

$141.30

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LRCX

Lam Research

$281.95

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OXY

Occidental Petroleum

$39.06

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EA

Electronic Arts

$99.12

1.58 (1.62%)

09:51
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Electronic Arts analyst commentary  »

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GDDY

GoDaddy

$68.00

0.22 (0.32%)

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BCH

Banco de Chile

$21.39

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BSAC

Santander Chile

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FTCH

Farfetch

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EWW

iShares MSCI Mexico

$44.07

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