Splunk (SPLK: $66)
Bull Market Report Target Price: $75
Bull Market Report Sell Price: $60
Earnings Date: Thursday, 04:30 PM ET
Consensus: 1Q18
Revenues: $235 M
EPS: -$0.04
Year Ago Quarter Results
Revenues: $185 M
EPS: -$0.02
Key Things to Watch For in the Quarter
Analysts expect Splunk will report revenue growth of 26% to $235 million for 1Q18. Splunk has beat estimates in the past four quarters, which has been reflected in the stock’s 22% increase over the past year. Splunk’s services provide valuable insight into data generated by websites, applications, servers, and networks. Recently, Splunk has been recognized by LinkedIn as one of the top company’s for attracting and retaining talent. We look forward to watching Splunk grow its top line as its top notch employees continues to provide data interpretation for their customers. The bottom line needs work, but we are willing to wait as the company continues to grow rapidly. We are raising the Sell Price to $60.