Splunk Inc. Announces Fiscal Second Quarter 2021 Financial Results
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Citi Upgrades Splunk (SPLK) to Neutral
August 27, 2020 8:26 AM EDTCiti analyst Walter Pritchard upgraded Splunk (NASDAQ: SPLK) from Sell to Neutral with a price target of $234.00 (from $105.00).
The analyst comments "FY23 targets look less aggressive on the back of an uptick in cloud ARR growth, which we see as more sustainable than... More
Splunk (SPLK) Reports In-Line Q2 EPS, Revenues Miss; Offers 3Q Revenue Guidance Below Consensus
August 26, 2020 4:04 PM EDTSplunk (NASDAQ: SPLK) reported Q2 EPS of ($0.33), in-line with the analyst estimate of ($0.33). Revenue for the quarter came in at $492 million versus the consensus estimate of $522.52 million.
Second Quarter 2021 Financial Highlights
Cloud ARR was $568 million, up 89% year-over-year.Total ARR was $1.93 billion, up 50% year-over-year.Cloud revenue was $126 million, up 79% year-over-year.Total revenues were $492 million, down 5% year-over-year.396 customers with ARR greater than $1 million.As organizations... More
