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