My favorite real-time machine data management powerhouse, Splunk , is preparing to release its April quarter report after the bell Wednesday evening (6/2). It could be an excellent opportunity to start a position in this revolutionary enterprise before what I predict will be a springboard of quarterly results.
SPLK has been a notable tech laggard this year and is a severely undervalued component of the impending 4th Industrial Revolution. SPLK has fallen nearly 50% from its high last September, driven by soft guidance and a valuation reset in tech as interest rates rise from record low levels.
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According to Zacks Consensus estimates, SPLK is expected to report an EPS of -$0.72 on sales of $492.9 million, which would represent an EPS decline of 28.5%, but a sales increase of 13.5%. Analysts are projecting SPLK to have its most unprofitable quarter on record following weak guidance from management 3 months prior.
I believe that these expectations are conservative, and SPLK is a good buy before earnings are released this evening. Keep in mind this trade bears considerable risk because anything could happen in a quarterly release. Still, I am optimistic about its positioning and would consider starting a small position.
Final Thoughts
According to CEO Doug Merritt, "Splunk is one of the fastest-growing companies in the history of enterprise software." Tomorrow, Splunk has the opportunity to demonstrate to the markets that they are a vital component to the tech tidal wave that we are standing at the precipice of as the Roaring 20s truly commence.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Buy Splunk (SPLK) Before Earnings This Evening
My favorite real-time machine data management powerhouse, Splunk , is preparing to release its April quarter report after the bell Wednesday evening (6/2). It could be an excellent opportunity to start a position in this revolutionary enterprise before what I predict will be a springboard of quarterly results.
SPLK has been a notable tech laggard this year and is a severely undervalued component of the impending 4th Industrial Revolution. SPLK has fallen nearly 50% from its high last September, driven by soft guidance and a valuation reset in tech as interest rates rise from record low levels.
According to Zacks Consensus estimates, SPLK is expected to report an EPS of -$0.72 on sales of $492.9 million, which would represent an EPS decline of 28.5%, but a sales increase of 13.5%. Analysts are projecting SPLK to have its most unprofitable quarter on record following weak guidance from management 3 months prior.
I believe that these expectations are conservative, and SPLK is a good buy before earnings are released this evening. Keep in mind this trade bears considerable risk because anything could happen in a quarterly release. Still, I am optimistic about its positioning and would consider starting a small position.
Final Thoughts
According to CEO Doug Merritt, "Splunk is one of the fastest-growing companies in the history of enterprise software." Tomorrow, Splunk has the opportunity to demonstrate to the markets that they are a vital component to the tech tidal wave that we are standing at the precipice of as the Roaring 20s truly commence.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>