Breaking News Instant updates and real-time market news.

SPLK

Splunk

$128.68

-7.12 (-5.24%)

08:41
05/24/19
05/24
08:41
05/24/19
08:41

Splunk price target lowered to $115 from $125 at Guggenheim

Guggenheim analyst Imtiaz Koujalgi said Splunk reported a mixed quarter, with headline metrics above consensus but billings and cash flow weighed down by a ratable mix shift, increasing contract duration and shrinking invoicing duration. Noting that the company expects the invoicing duration to be a headwind for the rest of the year and guided down its operating cash flow, Koujalgi lowered Splunk's price target to $115 from $125 and keeps a Neutral rating on the stock.

  • 13

    Jun

  • 09

    Jul

SPLK Splunk
$128.68

-7.12 (-5.24%)

05/24/19
LEHM
05/24/19
NO CHANGE
Target $158
LEHM
Overweight
Barclays sees short-term weakness in Splunk as long-term opportunity
While Splunk continued its tradition of beating and raising sales numbers, a bookings deceleration and a guide-down on operating cash flow for the fiscal year "opens up questions," Barclays analyst Raimo Lenschow tells investors in a post-earnings research note titled "Bookings Growth of +30% Not Too Shabby." The analyst, however, believes bookings growth of 33% for a $2B-plus revenue company is "still impressive." Nonetheless, he thinks the operating cash flow revision driven by $80M of un-invoiced contracts will weigh on the shares. Without a clear path to calculating this un-invoiced number, investors will be split on taking management at their word, Lenschow contends. He expects Splunk shares to be under pressure in the short-term, but thinks this could create a buying opportunity for longer term investors. Lenschow keeps an Overweight rating on the name with a $158 price target.
05/24/19
BMOC
05/24/19
NO CHANGE
Target $157
BMOC
Outperform
Splunk price target lowered to $157 from $162 at BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on Splunk to $157 to reflect "some uncertainty" around the company's growth rates and free cash flow penetration, even though its Q1 revenue growth accelerated to 36% from 35% in the prior quarter and its FY20 guidance was raised slightly. The analyst also keeps his Outperform rating on Splunk, saying the company has "multiple avenues" toward expansion of its total addressable market that include Security, Internet of Things, and Business Intelligence segments. Bachman further contends that the valuation on the stock is still "attractive" relative to the company's growth rate.
05/24/19
JEFF
05/24/19
NO CHANGE
Target $157
JEFF
Buy
Splunk exceeded most metrics for Q1, says Jefferies
Splunk exceeded most metrics for fiscal Q1, other than a shortfall in long-term deferred, and guided fiscal Q2 above the Street, Jefferies analyst John DiFucci tells investors in a research note. The company's move to ratable revenue will weigh on cash flow this year, however, as its guidance of $250M was over $100M below last quarter's outlook, the analyst adds. DiFucci says that while his analysis indicates Splunk's business momentum moderated in Q1, he continues to view the company as a "unique asset." The analyst maintains a Buy rating on the shares with a $157 price target.
05/23/19
MUFG
05/23/19
NO CHANGE
Target $159
MUFG
Overweight
Splunk price target raised to $159 from $153 at MUFG
MUFG analyst Stephen Bersey raised his price target on Splunk to $159 and kept his Overweight rating after its Q1 earnings beat, saying the company is sustaining its "impressive" operating performance with "strong" revenue growth and margin expansion. The analyst expects Splunk to continue to benefit from end market demand in FY20 and believes that its product portfolio makes it well positioned in the enterprise analytics and security markets.

TODAY'S FREE FLY STORIES

PANL

Pangaea Logistics

$3.45

0.05 (1.47%)

16:15
07/22/19
07/22
16:15
07/22/19
16:15
Hot Stocks
Pangaea Logistics acquires vessel for $14.1M »

Pangaea Logistics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Aug

ACAD

Acadia

$25.97

0.28 (1.09%)

16:15
07/22/19
07/22
16:15
07/22/19
16:15
Hot Stocks
Breaking Hot Stocks news story on Acadia »

Acadia to resume trading…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

  • 20

    Aug

SNAP

Snap

$14.14

0.12 (0.86%)

16:14
07/22/19
07/22
16:14
07/22/19
16:14
Initiation
Snap initiated  »

Snap initiated with a Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 03

    Aug

WHR

Whirlpool

$148.30

0.085 (0.06%)

16:14
07/22/19
07/22
16:14
07/22/19
16:14
Hot Stocks
Whirlpool says expects to continue repurchasing stock throughout 2019 »

The company intends to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

ZION

Zions Bancorp

$45.22

-0.89 (-1.93%)

16:13
07/22/19
07/22
16:13
07/22/19
16:13
Earnings
Zions Bancorp reports Q2 EPS 99c, consensus $1.10 »

The company commented,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jul

WHR

Whirlpool

$148.46

0.25 (0.17%)

16:13
07/22/19
07/22
16:13
07/22/19
16:13
Hot Stocks
Whirlpool updates FY19 free cash flow view to approximately $800M »

Prior view was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

TPCO

Tribune Publishing

$8.30

0.06 (0.73%)

16:13
07/22/19
07/22
16:13
07/22/19
16:13
Hot Stocks
Tribune names Kris Worrell editor-in-chief of the Virginian-Pilot, Daily Press »

Tribune Publishing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CCO

Clear Channel Outdoor

$4.18

-0.055 (-1.30%)

16:12
07/22/19
07/22
16:12
07/22/19
16:12
Syndicate
Clear Channel Outdoor files to sell 100M shares of common stock »

Morgan Stanley, J.P.…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

CATC

Cambridge Bancorp

$79.54

-0.19 (-0.24%)

16:12
07/22/19
07/22
16:12
07/22/19
16:12
Initiation
Cambridge Bancorp initiated  »

Cambridge Bancorp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HII

Huntington Ingalls

$229.45

-0.59 (-0.26%)

16:11
07/22/19
07/22
16:11
07/22/19
16:11
Hot Stocks
Huntington Ingalls awarded U.S. Nacy contract »

Huntington Ingalls…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

  • 17

    Sep

WHR

Whirlpool

$148.44

0.23 (0.16%)

16:11
07/22/19
07/22
16:11
07/22/19
16:11
Earnings
Whirlpool raises FY19 adjusted EPS view to $14.75-$15.50 from $14.00-$15.00 

FY19 consensus $14.81.

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

EFX

Equifax

$137.75

0.46 (0.34%)

16:11
07/22/19
07/22
16:11
07/22/19
16:11
Recommendations
Equifax analyst commentary  »

Equifax settlement cost…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

  • 03

    Aug

  • 06

    Aug

  • 12

    Aug

  • 13

    Nov

ADC

Agree Realty

$62.98

-0.17 (-0.27%)

16:11
07/22/19
07/22
16:11
07/22/19
16:11
Hot Stocks
Agree Realty increases FY19 acquisition guidance to $625M-$675M »

The company commented,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 10

    Sep

WHR

Whirlpool

$148.47

0.26 (0.18%)

16:10
07/22/19
07/22
16:10
07/22/19
16:10
Earnings
Whirlpool reports Q2 adjusted EPS $4.01, consensus $3.71 »

Reports Q2 revenue $5.2B,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

ADC

Agree Realty

$63.05

-0.1 (-0.16%)

16:10
07/22/19
07/22
16:10
07/22/19
16:10
Earnings
Agree Realty reports Q2 adjusted FFO 74c, consensus 74c »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 10

    Sep

ACAD

Acadia

$25.94

0.25 (0.97%)

16:09
07/22/19
07/22
16:09
07/22/19
16:09
Hot Stocks
Acadia phase 3 Pimavanserin trial did not achieve statistical significance »

ACADIA announced top-line…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

  • 20

    Aug

SBUX

Starbucks

$90.94

0.65 (0.72%)

16:09
07/22/19
07/22
16:09
07/22/19
16:09
Hot Stocks
Starbucks grants Brightloom software license for flywheel software »

Starbucks announced a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

WASH

Washington Trust

$50.79

-0.4 (-0.78%)

16:07
07/22/19
07/22
16:07
07/22/19
16:07
Earnings
Washington Trust reports Q2 EPS 99c, consensus $1.02 »

Reports Q2 loan loss…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

CDNS

Cadence Design

$72.71

-0.18 (-0.25%)

16:07
07/22/19
07/22
16:07
07/22/19
16:07
Earnings
Cadence Design raises FY19 adj. EPS view to $2.11-$2.17 from $2.04-$2.12 »

Consensus $2.09. Raises…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jul

LAND

Gladstone Land

$11.42

0.1 (0.88%)

16:07
07/22/19
07/22
16:07
07/22/19
16:07
Hot Stocks
Gladstone Land acquires land, facilities in South Florida »

Gladstone Land…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Aug

CDNS

Cadence Design

$72.77

-0.12 (-0.16%)

16:06
07/22/19
07/22
16:06
07/22/19
16:06
Earnings
Cadence Design sees Q3 adjusted EPS 50c-52c, consensus 50c »

Sees Q3 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jul

CDNS

Cadence Design

$72.77

-0.12 (-0.16%)

16:06
07/22/19
07/22
16:06
07/22/19
16:06
Earnings
Cadence Design reports Q2 adjusted EPS 57c, consensus 53c »

Reports Q2 revenue $580M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jul

NSTG

NanoString

$31.73

-0.04 (-0.13%)

16:05
07/22/19
07/22
16:05
07/22/19
16:05
Hot Stocks
NanoString announces publication of GeoMx DSP data »

NanoString announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

  • 06

    Aug

  • 08

    Aug

  • 09

    Sep

HYAC

Haymaker Acquisition

$0.00

(0.00%)

16:04
07/22/19
07/22
16:04
07/22/19
16:04
Hot Stocks
Haymaker announces separate trading of its class A common stock »

Haymaker Acquisition…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMTD

TD Ameritrade

$52.38

0.79 (1.53%)

16:02
07/22/19
07/22
16:02
07/22/19
16:02
Earnings
TD Ameritrade reports Q3 net new client assets of $19.5B »

Reports Q3 average client…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 21

    Aug

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.