3 Takeaways from Splunk’s Fiscal Q1 2021 Earnings Report
Splunk (NASDAQ:SPLK) reported its results for the first quarter of fiscal 2021 on Thursday after the market close. The company delivered mixed results.
Tech Stocks: 3 High-Growth Firms Vulnerable in a Sell-Off
We can understand why high-growth tech stocks continue to be on the radar of investors. These investments provide the potential for exponential returns.
These 2 Tech Stocks Gained Big in November
In this article, we take a look at two growth tech stocks that have gained momentum recently. They’ve both outperformed the broader markets.
TTD, OKTA, NOW, and TWLO Lead Tech Losses Today
High-growth tech firms have lost significant market value in the first half of October. TTD, NOW, OKTA, and TWLO are all trading lower today.
Apple Might Escape Tech Stock Mayhem in Q4
Several tech stocks declined significantly on September 27, 2019. These declines spooked the market and investors in the second half of Friday.
Microsoft, Twilio, and Splunk Gain in Early Market Trading
Microsoft, Twilio, and Splunk shares were higher in early market trading today. While Microsoft rose 2%, Twilio and Splunk rose 1.7% and 2.5%, respectively.
Five High-Growth Tech Stocks to Buy at Major Dips
High-growth tech stocks can generate exponential returns. However, they have a high beta and can underperform markets by a huge margin in a downturn.
Today’s Biggest Stock Movements: ROKU, BYND, More
We’re looking at the biggest stock movements on August 26. Roku (ROKU), Beyond Meat (BYND), Splunk (SPLK), and Cree (CREE) were the big market movers.
Can Investors Expect a ‘Black Monday’ Tomorrow?
Tech and semiconductor stocks have significant exposure to China during this trade war. Investors should expect these stocks to trade lower on Monday.
Pure Storage Stock Rose despite Poor Guidance
Pure Storage shares have risen more than 15% today. The company announced its second-quarter results after the markets closed on Wednesday.
SPLK Stock Rises After-Hours on Earnings Beat
Shares of cloud software solutions company Splunk (SPLK) were up 8.5% in after-hours trading today after Splunk’s Q2 earnings beat estimates.
Tech Stocks: Are They Attractive after Recent Pullback?
Tech stocks led the sell-off. Investors have been concerned about a slowdown in tech spending after NetApp’s preliminary guidance on August 2.
Was Friday’s Tech Sell-Off Justified?
Last week, Donald Trump threatened 10% tariffs on $300 billion in Chinese imports. The stock market was sent tumbling on August 2, led by a tech sell-off.
Yet Another Analyst Cautions about Tech Slowdown
AB Bernstein analyst Tony Sacconaghi has warned investors to stay away from tech stocks with high valuations.
Why Splunk Stock Looks Like a Solid Long-Term Bet
Cloud software solutions company Splunk (SPLK) has crushed the market in recent years.
Splunk Stock Lost 4.0% in Market Value Yesterday
Enterprise software solutions company Splunk (SPLK) fell 4.0% on June 25, 2019, to close trading at $117.99. Splunk stock has lost 13.6% since May 17, and the stock is now up just 12.5% year-to-date. Splunk has been a solid wealth creator for investors over the years.
Splunk Stock Jumps on Tableau Acquisition News
Shares of high-growth technology company Splunk (SPLK) gained 6.4% on June 10 to close the day at $118.51.
Splunk Is a Solid Long-Term Bet for Investors
Splunk stock has generated returns of 4.4% YTD due to the recent pullback. The shares have fallen more than 20.0% since the beginning of May.
Is Splunk Stock Trading at a Discount to Analysts’ Estimates?
Among the 43 analysts tracking Splunk (SPLK), 33 have given it “buys,” while ten have given it “holds.” No analysts have given it “sells.”
What Are Splunk’s Key Revenue Drivers?
Splunk (SPLK) is banking on its enviable portfolio of products and solutions to drive its revenue growth.
What Drove Splunk’s Shares Lower Last Week?
Shares of Splunk (SPLK) fell over 11% last week. The stock fell 7.3% on May 24, 2019, to close trading at $119.30.
Splunk Stock Has Lost Close to 14% in May
Shares of US-based high-growth software services company Splunk (SPLK) have lost considerable value this month.
Why Splunk Fell 5.4% despite Earnings Beat
Splunk (SPLK) announced its first-quarter results (year ending in January) yesterday.
Are These High-Growth Tech Stocks Trading at a Discount?
High-growth tech stocks have made a massive comeback this year after a volatile 2018.
These High-Growth Tech Stocks Could Be Undervalued
Let’s look at the high-growth tech stocks discussed in this series and their valuations at their current prices.
Why PagerDuty Is Getting a Lot of Investor Attention
PagerDuty is another Silicon Valley technology startup that went public in April. Its stock popped nearly 60% on its first trading day.
A Look at Zoom’s Most Prominent Customers
Zoom Video Communications (ZM) serves customers of all sizes, from sole businesses to Fortune 50 organizations.
What’s ServiceNow’s Valuation?
ServiceNow is slated to achieve GAAP profitability in fiscal 2020, and the company has a forward 2020 PE ratio of 265x.
Is There Any More Steam Left in Splunk’s Upward Rally?
Shares of software solutions company Splunk (SPLK) have generated a return of 30% in the last 12 months.
Little-Known Alphabet Unit Enters $300 Billion Industry
Alphabet’s (GOOGL) little-known subsidiary called Chronicle is going for a huge prize: the $300 billion cybersecurity market.
How Alphabet Is Expanding in Cybersecurity Space
Alphabet’s (GOOGL) cybersecurity division, Chronicle, has reportedly rolled out its first commercial product.
Could Demisto Be a Good Fit for Palo Alto Networks?
Palo Alto Networks is in talks to buy information security company Demisto, Reuters has reported, citing a report from Israeli financial daily Calcalist.
Can Cisco’s Wallet Support Big-Ticket Acquisition Deals?
Cisco Systems (CSCO) bought six companies in 2018 in efforts to expand and diversify its business, according to Crunchbase data.
Splunk Stock Rose Close to 12% Last Month
Shares of Splunk (SPLK) fell from $99.84 at the start of November to $87.87 on November 20.
ServiceNow Stock Rose More than 2% in November
In this series, we’ll look at the performances of high-growth tech stocks ServiceNow, Splunk, Pure Storage, Arista Networks, and Square.
What Drove Pure Storage’s Revenue in Q3
In the previous part of this series, we saw that Pure Storage reported record revenue of $372.8 million in the third quarter of fiscal 2019.
Analyzing the Recent Decline in High-Growth Stocks
ServiceNow rose 56% between January and September. However, the stock has declined 20% since the beginning of October.
Why Infinera Stock Fell 33.4% Yesterday
Infinera stock (INFN) fell 33.4% on November 7 to close at $4.15.
Can Nutanix Stock Sustain Strong Growth Momentum?
Nutanix’s (NTNX) share price continues to witness robust growth. In the last year, its stock has soared nearly 115.4%.
A Look at Nutanix’s Marketing Strategy
Nutanix (NTNX) is looking to get more aggressive with its marketing strategy as it places more emphasis on commercial segmentation.
Splunk Stock Declined 4.7% on September 17
Splunk (SPLK), a cloud software solutions company, fell 4.7% on September 17. The stock is currently trading at $119.49
Comparing Workday’s Valuations with Its Peers
In the last year, Workday stock has gained 31.9%. In the last month, its stock has risen 5.4%.
How Workday’s New Acquisition Impacts Its Free Cash Flow Growth
Workday (WDAY) completed its acquisition of Adaptive Insights for $1.55 billion on August 1 in an all-cash transaction.
Workday’s Stock Price Showing an Upside Trend
Workday stock is trading 46.0% higher than its 52-week low of $95.35 and 2.3% lower than its 52-week high of $142.45.
Splunk Stock Continued Its Impressive Run Yesterday
Splunk (SPLK) stock rose 5.2% on August 28 to close at $127.43.
How Nutanix’s Valuation Stacks Up with Peers
On August 20, Nutanix’s (NTNX) market capitalization stood at $9.2 billion.
Is Splunk Capable of Achieving Its Operating Margin Target?
Splunk (SPLK) expects its non-GAAP (generally accepted accounting principles) operating margin for the fiscal second quarter of 2019 to be ~2%.
Can Splunk Meet Its Revenue Guidance in Fiscal Q2 2019?
Splunk (SPLK) has maintained stable revenue growth in the last five quarters driven by a variety of key factors.
Splunk Decides to Buy VictorOps
Data analytics company Splunk (SPLK) announced yesterday that it’s set to acquire VictorOps for $120 million.
Splunk Continues to Witness Growth in Large Orders
Splunk (SPLK) has continued to sign high-value contracts, buoyed by demand for the company’s data analytics products due to enterprises’ growing need for proper data analysis and collection.
Why Analysts Are Still in Love with Splunk
Of the 41 analysts covering Splunk (SPLK) on May 14, 33 (~78%) recommended “buy,” three rated it as “overweight,” and six recommended “hold.”
What’s Driving Splunk’s Free Cash Flow?
Splunk (SPLK) has continued to generate strong free cash flow, driven by high-value deals and a growing customer base.
Splunk Boosts Its Product Line-Up through AI Capabilities
Big data company Splunk (SPLK) has continued to drive its product portfolio through enhanced AI features, which may improve performance, profitability, and data security.
Why Rising Operating Expenses Are a Concern for Splunk
Splunk’s (SPLK) operating expenses have grown continuously over the last five years, mainly driven by the higher research and development expenses and selling and marketing costs.
How Splunk’s Different Segments Contribute to Its Business
In the last five years, Splunk’s license business has grown at a compound annual rate of 37%.
How Splunk’s Could Benefit from Its Acquisition of Phantom
Splunk (SPLK) has completed its $350 million acquisition of Phantom Cyber, a pioneer in SOAR (security orchestration, automation, and response).
Symantec: What’s Impressive about Splunk?
In fiscal 2Q18, Splunk posted revenue growth of nearly 32% year-over-year to $280 million.
Behind HACK’s Investment Strategy
HACK follows a replication strategy, which is an indexing strategy that involves investing in securities in the same proportions as the index.
HACK: The World’s First Cybersecurity ETF
The ETFMG Prime Cyber Security ETF (HACK) is an ETF (exchange-traded fund) that tracks the price and yield performance of the Prime Cyber Defense Index.
How Do Analysts View Workday?
Shares of Workday (WDAY) rose 10.2% during the week ended January 6, 2017—a positive start so far in 2017, after shares fell more than 17% in 2016.
What Does Morgan Stanley’s ‘Fallen Angels’ Strategy Entail?
Palo Alto Networks (PANW) is currently trading at $156 with a price-to-earnings multiple of -60.17x.
The Word on the Street: What Analysts Are Recommending for SAP’s Stock
Of the 14 analyst recommendations for SAP stock, there is only one “sell.” Most recommendations on the stock were “buys,” representing approximately 64%.
Who Were the Outliers in the Technology Space on June 30?
On June 30, 2016, the S&P 500 slightly outperformed the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT).
Which of HCAIX’s Holdings Hurt Its 1Q16 Performance?
HCAIX fell 5.6% in 1Q16. It fell 1.1% for the one-year period ended March 2016, placing it fifth among its peer group.
Why the Columbia Select Large Cap Growth Fund May Not Fuel Interest
The Columbia Select Large Cap Growth Fund – Class A (ELGAX) is invested in companies such as Splunk (SPLK), Mercadolibre (MELI), Intercontinental Exchange (ICE), Tesla Motors (TSLA), and Acuity Brands (AYI).
Understanding Resilient Systems: IBM’s Latest Acquisition in the Security Space
Resilient Systems, a heavy hitter in the cybersecurity space, is best known for its “incident response” platform and is IBM’s most recent acquisition.
How Did Palo Alto Networks Beat Estimates after Posting Loss?
On February 26, 2016, Palo Alto Networks posted fiscal 2Q16 revenues earlier than scheduled. Non-GAAP EPS of $334.7 million and $0.40, respectively, beat analyst expectations.
What Caused Splunk’s Shares to Surge 10%?
For fiscal 1Q17, Splunk expects revenue between $172 million and $174 million, which exceeds analysts’ estimates of $170.8 million.
Why Has Splunk’s Stock Been Falling Recently?
Though Splunk continued to report double-digit growth in its revenues, its GAAP loss continues to be a source of concern for investors.
What Is Driving Splunk’s Double-Digit Revenue Growth?
Splunk’s double-digit revenue growth continued in fiscal 4Q16.
Is Splunk’s Lack of Profitability a Concern?
Splunk’s license revenues contributed approximately 60% towards overall revenues in fiscal 2016.
LinkedIn and Tableau: Is Falling Stock Due to Weak Guidance?
On February 4, 2016, LinkedIn (LNKD) announced its 4Q15 results and reported revenues of $862 million, a rise of 34% YoY (year-over-year). Revenues for 2015 also rose 35% YoY to $3.0 billion.
Tableau Software’s 4Q15 Revenues and Earnings Beat Estimates
On February 4, 2016, Tableau Software (DATA) announced its 4Q15 results. Tableau reported revenues of $202.8 million, a rise of 42% year-over-year.
What’s Driving Growth for Splunk and Its Peers?
One reason that companies like Splunk can report strong double-digit growth is that there is relatively small penetration of big data in the tech industry.
The New Face of Splunk: Great Expectations with Doug Merritt
Doug Merritt, who joined Splunk as Senior Vice President of Field Operations in 2014, will become CEO, following Godfrey Sullivan’s decision to step down.
How Did Cybersecurity ETF HACK Perform Last Week?
HACK closed at $27.10 with a positive return of 1.3% on Friday, November 6, 2015, generating a profit of 1.1% for the week.
What Do Analysts Recommend for FireEye?
As of November 4, 2015, FireEye (FEYE) has generated returns of -15.5% for the trailing 12 months (or TTM) and -12.5% in the trailing-one-month period.
What Are Analyst Recommendations for Vasco Data Security?
Vasco Data Security (VDSI) has generated returns of -25.5% in the trailing 12 months and 3.0% in the trailing-one-month period.
IBM Targets Big Data Space with Cleversafe
With the social, mobile, analytics, and cloud revolution, there has been an exponential structured and unstructured data growth, referred to as “big data.”
VASCO Data Security Outperformed Its Peer Group
VASCO Data Security is thus trading at a discount of 44.17% with respect to its median target and looks to be an attractive buy at current levels.
Imperva Stock Price Quoted above Average
Cyber and data security provider Imperva (IMPV) has generated returns of 152.29% in the trailing 12 months (or TTM) and 33.63% in the trailing one-month period.
ISE Cyber Security (HACK) Performance Remains Bearish
IT consulting and services remain at the top, leaving behind the other sectors of the HACK ETF, which generated a return of 1.41% on September 23.
Fortinet and Splunk to Form Technical Alliance Against Cyber Threats
Fortinet recently announced its technical alliance with Splunk, which should significantly help service providers fight cyber attacks.
HACK’s Stocks Quoted below Moving Averages
Out of 28 analysts covering the HACK ETF’s stock, 13 have a “buy” recommendation, six have a “sell” recommendation, and nine have a “hold” recommendation.
Splunk’s Earnings Beat Analysts’ Expectations
Splunk (SPLK) shares fell by 5.10% to $60.98 despite strong 2Q15 results. It reported total revenue of $148.3 million compared to $101.5 million last year.
Why big data and data centers are expected to boost Symantec
Declining PC shipments are bad news for Symantec (SYMC). It takes a toll on Symantec’s consumer security services division and puts pressure on its revenues. So Symantec has shifted its focus towards cloud and big data, as these areas promise rapid growth.
Overview: What is “big data”?
Big data is high volume, high velocity, and high variety information assets that require new forms of processing to enable enhanced decision making, insight, discovery, and process optimization.
Why cloud business models differ from on-premise software
In SaaS, services like access to online software applications, with training and technical support, sell on a subscription basis.