Media coverage about Splunk (NASDAQ:SPLK) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Splunk earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the software company an impact score of 46.4826357943395 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Notable Worth Watching Stocks: Splunk Inc., (NASDAQ: SPLK), Qudian Inc., (NYSE: QD), Conagra Brands, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Splunk Inc (SPLK) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- ETFs with exposure to Splunk, Inc. : December 8, 2017 (finance.yahoo.com)
- The Future’s Next Mega-Trend is Here as Smart Companies Embrace the Industrial Internet of Things (broadwayworld.com)
- Most Shocking Stock Movements: Splunk Inc. (SPLK), CH Robinson Worldwide, Inc. (CHRW) – Market Movers (financialqz.com)
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Cowen reissued a “buy” rating on shares of Splunk in a research note on Friday, August 18th. Wells Fargo & Company reissued a “buy” rating and set a $95.00 target price on shares of Splunk in a research note on Friday, November 17th. KeyCorp reissued a “buy” rating and set a $70.00 target price on shares of Splunk in a research note on Friday, August 25th. Finally, Credit Suisse Group assumed coverage on shares of Splunk in a research note on Tuesday, September 5th. They set an “outperform” rating and a $80.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $82.74.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. equities analysts predict that Splunk will post -1.3 EPS for the current fiscal year.
In other Splunk news, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $63.48, for a total value of $2,539,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ledger Susan St. sold 10,316 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total transaction of $723,873.72. Following the completion of the transaction, the insider now owns 253,102 shares of the company’s stock, valued at $17,760,167.34. The disclosure for this sale can be found here. Insiders sold 495,071 shares of company stock valued at $33,143,573 over the last quarter. 1.43% of the stock is currently owned by corporate insiders.
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Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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