In the latest trading session, Splunk closed at $128.21, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the maker of software that helps companies collect and analyze internal data had gained 10.61% in the past month. In that same time, the Computer and Technology sector gained 10.32%, while the S&P 500 gained 8.01%.
Wall Street will be looking for positivity from SPLK as it approaches its next earnings report date. This is expected to be February 28, 2019. On that day, SPLK is projected to report earnings of $0.76 per share, which would represent year-over-year growth of 105.41%. Our most recent consensus estimate is calling for quarterly revenue of $560.66 million, up 33.58% from the year-ago period.
It is also important to note the recent changes to analyst estimates for SPLK. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SPLK is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, SPLK is holding a Forward P/E ratio of 77.79. This represents a premium compared to its industry's average Forward P/E of 53.9.
Also, we should mention that SPLK has a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SPLK's industry had an average PEG ratio of 3 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SPLK in the coming trading sessions, be sure to utilize Zacks.com.
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Splunk (SPLK) Flat As Market Sinks: What You Should Know
In the latest trading session, Splunk closed at $128.21, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the maker of software that helps companies collect and analyze internal data had gained 10.61% in the past month. In that same time, the Computer and Technology sector gained 10.32%, while the S&P 500 gained 8.01%.
Wall Street will be looking for positivity from SPLK as it approaches its next earnings report date. This is expected to be February 28, 2019. On that day, SPLK is projected to report earnings of $0.76 per share, which would represent year-over-year growth of 105.41%. Our most recent consensus estimate is calling for quarterly revenue of $560.66 million, up 33.58% from the year-ago period.
It is also important to note the recent changes to analyst estimates for SPLK. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SPLK is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, SPLK is holding a Forward P/E ratio of 77.79. This represents a premium compared to its industry's average Forward P/E of 53.9.
Also, we should mention that SPLK has a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SPLK's industry had an average PEG ratio of 3 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SPLK in the coming trading sessions, be sure to utilize Zacks.com.