Why Shares of Splunk Jumped Today

Shares of Splunk (NASDAQ: SPLK) surged on Friday after the data analytics company reported its third-quarter results. Splunk beat analyst estimates for both revenue and earnings, and it boosted its revenue guidance for the full year. The stock was up about 7.2% at 11:45 a.m. EST after being up as much as 10% earlier in the day.

Splunk reported third-quarter revenue of $626.3 million, up 30.2% year over year and $21.1 million higher than the average analyst estimate. Software revenue was up 40% to $454 million.

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Source Fool.com