Why Splunk, Inc. Stock Popped Today
Shares of Splunk Inc. (NASDAQ: SPLK) jumped as much as 12% in Friday's early trading, and traded up 9.2% as of 12:00 p.m. EDT after the operational intelligence platform specialist announced strong fiscal second-quarter 2018 results.
Quarterly revenue climbed 31.8% to $280 million -- well above Splunk's most recent guidance for between $267 million and $269 million -- and translated to adjusted net income of $11.5 million, or $0.08 per share. Meanwhile, adjusting operating margin was 5.2%, also above guidance for 4%.
CEO Dough Merritt credited "solid sales execution" for Splunk's relative outperformance, especially in the Europe, Middle East, and Africa region.
Source: Fool.com
Splunk Inc. Stock
€144.12
0.320%
The stock is one of the favorites of our community with 24 Buy predictions and 1 Sell predictions.
As a result the target price of 147 € shows a slightly positive potential of 2.0% compared to the current price of 144.12 € for Splunk Inc..
