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Why Splunk Stock Fell Today

TheMotleyFool

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Shares of Splunk (NASDAQ: SPLK) dropped on Thursday after the data analytics software provider reported mixed fourth-quarter results. Splunk's bottom line came up a bit short, and its guidance was well below analyst expectations. The stock was down about 9.4% at 3:40 p.m. EST.

Splunk reported fourth-quarter revenue of $791 million, up 27% year over year and about $7.7 million higher than the average analyst estimate. Software revenue jumped 33% to $617 million. In fiscal 2020, Splunk's annualized recurring revenue grew by 54%.

Image source: Getty Images.

Source Fool.com

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