Investment management company Vulcan Value Partners recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all trailed their benchmark indexes in 2022. In the fourth quarter, the fund’s Large-Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 11.2% net, Focus Composite returned 7.6% net, the Focus Plus composite returned 7.7%, and All Cap Composite returned 7.2% net. You can check the top 5 holdings of the fund to know its best picks in 2022.
Vulcan Value Partners highlighted stocks like Splunk Inc. (NASDAQ:SPLK) in the Q4 2022 investor letter. Headquartered in San Francisco, California, Splunk Inc. (NASDAQ:SPLK) is a cloud solutions and software provider. On February 8, 2023, Splunk Inc. (NASDAQ:SPLK) stock closed at $105.66 per share. One-month return of Splunk Inc. (NASDAQ:SPLK) was 18.91%, and its shares lost 10.28% of their value over the last 52 weeks. Splunk Inc. (NASDAQ:SPLK) has a market capitalization of $17.297 billion.
Vulcan Value Partners made the following comment about Splunk Inc. (NASDAQ:SPLK) in its Q4 2022 investor letter:
"We exited our position in Splunk Inc. (NASDAQ:SPLK) during the quarter. A number of developments caused us to question whether Splunk’s competitive position was eroding. Splunk is a premium product, and less expensive alternatives have made progress increasing the quality of their offerings. Our research has confirmed Splunk is losing market share to these players, including Microsoft’s Sentinel. Sentinel has made a number of improvements over time and integrates with Microsoft’s other products. Notably, both of Splunk’s Co-Presidents left Splunk in 2022 to work for Microsoft. Splunk’s Chief Financial Officer left a few months later. Before the CFO left, Splunk lowered its annual recurring revenue guidance for the year. While the company attributed the change to the macro environment, we were unable to differentiate to what extent the slowdown was caused by the macro environment versus competitive factors. Based on our primary research and competitive concerns, we no longer had sufficient confidence in Splunk’s value stability. Splunk no longer qualifies for investment, and we exited the position."
Splunk Inc. (NASDAQ:SPLK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Splunk Inc. (NASDAQ:SPLK) at the end of the third quarter, which was 47 in the previous quarter.
We discussed Splunk Inc. (NASDAQ:SPLK) in another article and shared the list of best big data stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
Disclosure: None. This article is originally published at Insider Monkey.
The MarketWatch News Department was not involved in the creation of this content.
Jan 30, 2023 (The Expresswire) -- Big Data Analytics Tools Market 2022 Report (Report Pages-111) offers a Comprehensive assessment regarding the competitive landscape of the Big Data Analytics Tools market and includes a deep description of performance by some of the key global players (Spark, SAS Visual Analytics, SiSense, Cassandra, Splunk, Zoho Analytics, Cloudera, Talend, Elasticsearch, Skytree, Tableau, Plotly,) completing in the market. It offers an updates of business strategies including mergers, acquisitions, partnerships, R and D, product launch, expansion of production units, and collaborations adopted by these major global players.
What are the Key Industry Development in Big Data Analytics Tools Market?
Big Data Analytics Tools Marketsize, segment (mainly coveringMajorType (, Cloud-based, On Premise, ,),End Users (, Large Enterprise, Small And Medium Enterprise,), and regions), accurate status, development trendsa and competitor landscape. Furthermore, the 111 pages report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. Also, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Big Data Analytics Tools market.
Get a demo PDF of report -https://www.marketgrowthreports.com/enquiry/request-sample/20462814
Which are the prominent Big Data Analytics Tools Market players across the Globe?
● Along with this survey you also get their Product Information Types (Cloud-based, On Premise, ,), Applications (Large Enterprise, Small And Medium Enterprise,), and Specification. Detailed profiles of the Top major players in the industry:Spark, SAS Visual Analytics, SiSense, Cassandra, Splunk, Zoho Analytics, Cloudera, Talend, Elasticsearch, Skytree, Tableau, Plotly,Big Data Analytics Tools Market Effect Factor Analysis.
● Technology Process/Risk Considering Substitute Threat and Technology Progress InBig Data Analytics Tools Industry. ● Big Data Analytics Tools Market research contains an in-depth analysis of report complete data on factors influencing demand, growth, opportunities, challenges, and restraints, and Analysis of Pre and Post COVID-19 Market.What Overview Big Data Analytics Tools Market Says?
● This Overview Includes Diligent Analysis of Scope, Types, Application, Sales by region, types and applications. ● Big Data Analytics Tools Market, USD Forecast till Big Data Analytics ToolsWhat Is Big Data Analytics Tools Market Competition
● considering Manufacturers, Types and Application? Based on Thorough Research of Key FactorsBig Data Analytics Tools Market Manufacturing Cost Analysis
● This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure. ● Political/Economical Change. with unexpected CAGR during the forecast period. ● Big Data Analytics Tools Market size is expected to extent multi million by 2029, in comparison to 2022To Know How Covid-19 Pandemic and Russia Ukraine War Will Impact This Market- REQUEST SAMPLE
What are Industry Insights?
The Global Big Data Analytics Tools market is expected to rise at a considerable rate during the forecast period, between 2022 and Big Data Analytics Tools. In 2021, the market is rising at a steady rate and with the expanding adoption of strategies by key players, the market is expected to rise over the projected horizon.
What are the top key players in the Big Data Analytics Tools Market?
● Spark
● SAS Visual Analytics
● SiSense
● Cassandra
● Splunk
● Zoho Analytics
● Cloudera
● Talend
● Elasticsearch
● Skytree
● Tableau
● Plotly
●
and more…
Get a demo PDF of report -https://www.marketgrowthreports.com/enquiry/request-sample/20462814
Key Stakeholders:
● Raw material suppliers ● Distributors/traders/wholesalers/suppliers ● Regulatory bodies, including government agencies and NGO ● Commercial research and development institutions ● Importers and exporters ● Government organizations, research organizations, and consulting firms ● Trade associations and industry bodies ● End-use industriesMoreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of syllabus market participants must be aware of to remain competitive.
Big Data Analytics Tools Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2022 to Big Data Analytics Tools, the reader can identify the footprints of manufacturers in the Big Data Analytics Tools industry.
Big Data Analytics Tools Market - Competitive and Segmentation Analysis:
As well as providing an overview of successful marketing strategies, market contributions, and accurate developments of leading companies, the report also offers a dashboard overview of leading companies' past and present performance. Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Big Data Analytics Tools Market.
The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Big Data Analytics Tools market. The report also covers monetary and exchange fluctuations, import-export trade, and global market
status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Big Data Analytics Tools market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.
Get a demo Copy of the Big Data Analytics Tools Market Report 2022
Research Methodology:
Research report world follows a primary and secondary methodology that involves data based on top-down, bottom-up approaches, and validation of the estimated numbers through research. The information used to estimate market size, share, and forecast of various segments-sub segments at the global, country level, regional level is derived from the unique sources and the right stakeholders.
Big Data Analytics Tools Market Growth rate or CAGR exhibited by a market certain forecast period is calculate on the basic types, application, company profile and their impact on the market. Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia, etc. Paid data sources include third-party authentic industry databases.
On the basis of product typethis report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
● Cloud-based
● On Premise
● ●
On the basis of the end users/applicationsthis report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
● Large Enterprise
● Small And Medium Enterprise
●
Inquire more and share questions if any before the purchase on this report at-https://www.marketgrowthreports.com/enquiry/pre-order-enquiry/20462814
Target Audience of Big Data Analytics Tools Market:
● Manufacturer / Potential Investors ● Traders, Distributors, Wholesalers, Retailers, Importers and Exporters. ● Association and government bodies.Big Data Analytics Tools Market - Regional Analysis:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Big Data Analytics Tools in these regions, from 2015 to 2029, covering
● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam) ● South America (Brazil, Argentina, Columbia etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)This Big Data Analytics Tools Market Research/Analysis Report give Answers to following Questions:
● How Porter's Five Forces model helps you to study Big Data Analytics Tools Market? ● What Was Global Market Status of Big Data Analytics Tools Market? What Was Capacity, Production Value, Cost and PROFIT of Big Data Analytics Tools Market? ● What is the major industry objective of the report? What are the critical discoveries of the report? ● What are the TOP 10 KEY PLAYERS of Big Data Analytics Tools Market? ● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Big Data Analytics Tools Industry? ● On what Parameters Big Data Analytics Tools Market research is carried out? ● Which Manufacturing Technology is used for Big Data Analytics Tools? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? ● Which PLAYERS hold a LION’s SHARE in the Big Data Analytics Tools Market? ● What is the market size and growth rate of Big Data Analytics Tools Market by various segmentation? ● What are the Key Industry Development in Big Data Analytics Tools Market?Get a demo PDF of report -https://www.marketgrowthreports.com/enquiry/request-sample/20462814
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
With tables and figures helping analyse worldwide Global Big Data Analytics Tools market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Detailed TOC of Global Big Data Analytics Tools Market Research Report 2022
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Big Data Analytics Tools Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Big Data Analytics Tools Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Big Data Analytics Tools Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)
5 Global Big Data Analytics Tools Market-Segmentation by Type
Get a demo PDF of report -https://www.marketgrowthreports.com/enquiry/request-sample/20462814
6 Global Big Data Analytics Tools Market-Segmentation by Application
7 Global Big Data Analytics Tools Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Big Data Analytics Tools Market-Segmentation by Geography
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Big Data Analytics Tools Market from 2022-2029
10.1 Future Forecast of the Global Big Data Analytics Tools Market from 2022-2029 Segment by Region
10.2 Global Big Data Analytics Tools Production and Growth Rate Forecast by Type (2022-2029)
10.3 Global Big Data Analytics Tools Consumption and Growth Rate Forecast by Application (2022-2029)
11 Appendix
11.1 Methodology
12.2 Research Data Source
Continued….
Purchase this report (Price 2980 USD for a single-user license) https://www.marketgrowthreports.com/purchase/20462814
Contact Us:
Market Growth Reports
Phone: US + 1 424 253 0807
UK + 44 203 239 8187
E-mail: sales@marketgrowthreports.com
Web:https://www.marketgrowthreports.com
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Big Data Analytics Tools Market Latest Research Report 2023-2029
COMTEX_423529999/2598/2023-01-30T10:14:17
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
Sundry Photography/iStock Editorial via Getty Images
Investment bank KeyBanc Capital Markets upgraded Splunk (NASDAQ:SPLK) and downgraded Datadog (NASDAQ:DDOG) on Monday as the research firm said it is getting "increasingly selective" on cloud software stocks, citing the potential for a "meaningful" slowdown this year.
Citing a fourth-quarter survey that showed lowered IT growth expectations for 2023, analyst Michael Turits raised his rating on Splunk (SPLK) to overweight from sector weight and cut Datadog (DDOG) to sector weight from overweight.
"During the last 2 quarters, slowing has spread even to cloud, potentially impacting a range of 'cloud enablers' in observability, data, and devops; and to security as well, if less than IT overall and with consolidators benefiting," Turits wrote in a note to clients.
Regarding Splunk (SPLK), Turits said the company has performed better under new CEO Gary Steele and made a "smooth transition" to being a multi-tenant cloud, as evidenced by better gross margins and improvement on more customer-friendly workload pricing.
Turits added Splunk's (SPLK) "pervasive enterprise presence" and entrenched position in security and data and analytics in a tough spending environment is a positive. It has also performed strongly in both on-premise and off-premise spending.
Under Steele, who took over in April 2022, Splunk (SPLK) has continued to increase its efficiency and become cash flow profitable, along with a continued refocus on its core security business.
"Plus, while chatter has existed for many years regarding Splunk as a takeout target, we continue to see private market value support for the stock at 4.4x revenues vs. 5.1x accurate infrastructure takeout multiples," Turits added.
Splunk (SPLK) shares rose more than 1% in premarket trading on Monday.
Turits downgraded Datadog (DDOG) citing the continued worsening macroeconomic conditions seen in December, the expected continuation, at least for the first half of 2023, as well as decelerating growth in the cloud, as evidenced by Microsoft's (MSFT) weak guidance for Azure.
The analyst also noted that there may be issues for Datadog (DDOG) generating higher margins, due to increases in sales and R&D investments to keep its high revenue growth.
As such, he lowered his 2023 and 2024 estimated revenue growth rates to 32% and 30% year-over-year, down from 35% and 30% year-over-year.
Datadog (DDOG) declined 3.1% to $77 in premarket trading on Monday.
Earlier this month, Splunk (SPLK) said it would reduce roughly 4% of its global workforce, mostly in North America, as part of a reorganization to optimize its processes and cost structure.
Analysts are largely bullish on Splunk (SPLK). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates SPLK a HOLD.
David Tran
The early-year market rally is showing no signs of stopping, and it's a great time for investors to re-tilt their portfolios toward forgotten growth names that are ready to burst out of the gate again. In this regard look no further than Splunk (NASDAQ:SPLK), a big data software company that specializes in mining companies' internal machine data in order to generate insights.
Splunk spent much of the past two years in transition mode. It was late to the subscription game, and just recently started moving over its customers onto recurring subscription contracts instead of perpetual licenses. As expected, the company took a near-term growth hit during this transition and profitability metrics also started fraying. But now emerging from this subscription transition with tremendous growth rates in both revenue and ARR, and with the market ready to bet on growth again, Splunk is an excellent choice for a rebound play.
I remain bullish on Splunk as a core holding in my portfolio. I have long favored technology companies with broad, open-ended platforms serving countless use cases and horizontal applicability to all industries. Splunk has emerged from its two-year transition as an incredibly margin-rich company as well, which will be a major draw in a relatively more risk-averse market that has started paying more attention to tech companies' bottom lines.
Here is my full bull thesis for Splunk:
The use cases for Splunk are infinite. In its early days, Splunk's machine data-mining capabilities were often used for security purposes to flag and respond to anomalies within corporate systems. But as Splunk has evolved, the company's machine data capabilities are applicable across virtually any industry and across many functions.
Usage-based pricing. Some of the most successful software stocks are usage-based, meaning that revenue climbs proportionally to a customer's usage of the product. Splunk's platform is charged on a data volumes/computing power basis. As data volumes continue to explode and companies push the boundaries of how they integrate data into operations and decision-making, Splunk has a tremendous opportunity to derive growth from within its install base.
Splunk isn't without competitors, but the company's focus on machine data is unique. It's also the largest company in the space. The company's closest large/public peers are the monitoring companies like Datadog (DDOG) and New Relic (NEWR), which primarily focus on monitoring the performance and uptime of applications and infrastructure. Splunk focuses on visualizing and analyzing machine data (information passively generated by computers, phones, and other endpoints within networks). We note as well that Splunk's ~$3.7 billion annual revenue scale makes it twice as large as its next-closest competitor, Datadog.
Industry-wide recognition - More to the point above, it's fine to have competition when Splunk also is widely considered the best-in-breed vendor for machine data analytics. Gartner, the software industry's leading analyst and reviewer, has bestowed the "Leader" designation to Splunk in the security information and event management space, and also named it as the vendor with the highest ability to execute. These commendations don't come lightly to IT buyers when making a purchase decision.
Significant international expansion opportunity - Splunk has become a global brand name, and it's time for Splunk to chase more opportunities overseas. Currently, only about ~35% of its revenue base comes from international markets (and an even smaller ~20% slice of the cloud business is overseas). I see significant opportunity for Splunk to expand its presence outside of the U.S.
In spite of all these strengths, Splunk's rather muted price appreciation during its subscription transition has left its valuation metrics quite sparse. At current share prices near $95, Splunk trades at a market cap of $15.60 billion. After we net off the $1.80 billion of cash and $3.87 billion of debt on Splunk's most accurate balance sheet, the company's resulting enterprise value is $17.67 billion.
For next fiscal year FY24 (the fiscal year for Splunk ending in January 2024), meanwhile, Wall Street analysts have a consensus revenue target of $4.03 billion for the company, representing 16% y/y growth (data from Yahoo Finance). This puts Splunk's valuation at just 4.4x EV/FY24 revenue, which to me is quite low for a company with 80%+ pro forma gross margins and current revenue growth rates in the ~40% range.
Stay long here, there's plenty of upside to go.
It took a lot of patience as Splunk fine-tuned its business model transition, but now we're here to reap the rewards. The company posted excellent fiscal Q3 results:
Splunk Q3 results (Splunk Q3 earnings deck)
Revenue grew 40% y/y to $929.8 million, which handsomely beat Wall Street's expectations of $836.3 million (+26% y/y) by a huge fourteen-point margin. And as shown in the chart below, revenue growth accelerated sharply from 32% y/y growth in Q2. The right-hand side of the snapshot below also shows how growth has materially skyrocketed since the days of Splunk's subscription transition.
Splunk top-line momentum (Splunk Q3 earnings deck)
The company noted that cloud migration remained strong, though major headwinds have made some customers exert some caution. Per CEO Gary Steele's remarks on the Q3 earnings call:
Our top line outperformance was driven by strong term license demand from existing customers, underscoring the value our customers continue to gain from Splunk's mission-critical security and observability solutions powered by our one-of-a-kind data platform. That said, as noted last quarter, we continue to see caution from customers on the timing of their cloud migrations and expansions setting ongoing macro concerns."
Splunk also displayed excellent profitability results. Pro forma grow margins rose to a sky-high 72.6%, up 330bps sequentially and an increase of nearly eight points year over year:
Splunk margins (Splunk Q3 earnings deck)
This was driven by ongoing optimization efforts with the company's infrastructure delivery partners. In addition to gross margin boosts, Splunk also managed to exhibit extreme opex discipline, slowing down hiring, shrinking its real estate footprint, and reducing travel and entertainment to bare essentials. As a result of these actions, the company out $30 million out of its opex relative to Q2, and reduced opex by 2% y/y. With both operating leverage plus gross margin gains, the company managed to boost pro forma operating margins to 21%: more than thirty points of gain since the prior year.
Splunk operating margins (Splunk Q3 earnings deck)
Rich profitability, a resurgence in growth driven by a now nearly pure recurring-revenue business, net revenue expansion rates in the ~130% range, and a wide-open $100 billion TAM to grow into - these are all of the key reasons to stay long on Splunk. Continue to bank on this stock for upward momentum.
WebWire - Feb 6, 2023, 5:08AM
Business Wire - Feb 3, 2023, 8:00AM
WebWire - Jan 25, 2023, 3:58AM
Business Wire - Jan 23, 2023, 8:30AM
Business Wire - Dec 15, 2022, 8:00AM
Business Wire - Dec 14, 2022, 8:00AM
WebWire - Dec 14, 2022, 3:38AM
PRNewswire - Dec 1, 2022, 9:31AM
Business Wire - Dec 1, 2022, 8:00AM
Business Wire - Nov 30, 2022, 4:05PM
Business Wire - Nov 11, 2022, 9:00AM
News Direct - Nov 8, 2022, 8:00AM
News Direct - Nov 4, 2022, 8:00AM
Business Wire - Nov 3, 2022, 8:00AM
WebWire - Nov 3, 2022, 4:43AM
Business Wire - Oct 17, 2022, 4:05PM
PRNewswire - Oct 17, 2022, 9:57AM
Business Wire - Oct 13, 2022, 12:00PM
Business Wire - Oct 11, 2022, 5:42PM
Business Wire - Oct 5, 2022, 4:26PM
Business Wire - Oct 4, 2022, 8:00AM
WebWire - Sep 29, 2022, 6:41AM
Business Wire - Sep 26, 2022, 4:30PM
Business Wire - Sep 19, 2022, 8:15AM
PRNewswire - Sep 13, 2022, 9:31AM
PRNewswire - Sep 12, 2022, 9:31AM
Business Wire - Sep 6, 2022, 2:00PM
Business Wire - Sep 6, 2022, 8:00AM
WebWire - Sep 6, 2022, 6:33AM
Business Wire - Aug 24, 2022, 4:05PM
WebWire - Aug 5, 2022, 8:02AM
Business Wire - Aug 3, 2022, 8:01AM
Newsfile - Jul 20, 2022, 8:37PM
PRNewswire - Jul 12, 2022, 9:00AM
Newsfile - Jun 29, 2022, 8:58PM
InvestorsObserver - 4 days ago
InvestorPlace - Feb 7, 2023, 4:27PM
InvestorPlace - Feb 6, 2023, 11:52AM
InvestorsObserver - Feb 6, 2023, 11:20AM
TipRanks - Feb 6, 2023, 11:05AM
TipRanks - Feb 3, 2023, 8:50PM
TipRanks - Feb 3, 2023, 12:45AM
TipRanks - Feb 2, 2023, 6:05AM
InvestorPlace - Feb 1, 2023, 4:05PM
TipRanks - Feb 1, 2023, 1:45PM
InvestorPlace - Feb 1, 2023, 1:08PM
InvestorsObserver - Jan 25, 2023, 6:55AM
TipRanks - Jan 25, 2023, 12:40AM
TipRanks - Jan 25, 2023, 12:35AM
TipRanks - Jan 23, 2023, 10:05AM
Seeking Alpha - Jan 17, 2023, 2:05PM
Seeking Alpha - Jan 15, 2023, 12:51AM
TalkMarkets - Jan 12, 2023, 1:31PM
InvestorsObserver - Jan 9, 2023, 11:44AM
Seeking Alpha - Dec 30, 2022, 11:48AM
Seeking Alpha - Dec 22, 2022, 5:14AM
TipRanks - Dec 21, 2022, 9:32AM
InvestorsObserver - Dec 20, 2022, 7:48AM
TipRanks - Dec 19, 2022, 11:25AM
InvestorPlace - Dec 15, 2022, 6:30AM
TipRanks - Dec 2, 2022, 10:05PM
Seeking Alpha - Dec 2, 2022, 12:39PM
TipRanks - Dec 2, 2022, 1:25AM
TipRanks - Dec 1, 2022, 10:20PM
TipRanks - Dec 1, 2022, 1:15PM
TipRanks - Dec 1, 2022, 1:00PM
Analysts have provided the following ratings for Splunk (NASDAQ:SPLK) within the last quarter:
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 3 | 7 | 4 | 0 | 0 |
Last 30D | 1 | 0 | 0 | 0 | 0 |
1M Ago | 0 | 0 | 0 | 0 | 0 |
2M Ago | 0 | 1 | 2 | 0 | 0 |
3M Ago | 2 | 6 | 2 | 0 | 0 |
These 14 analysts have an average price target of $106.71 versus the current price of Splunk at $99.8, implying upside.
Below is a summary of how these 14 analysts rated Splunk over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
This current average has decreased by 9.24% from the previous average price target of $117.58.
Stay up to date on Splunk analyst ratings.
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.