Why Splunk's Shares Gained 24.4% in November
Shares of Splunk (NASDAQ: SPLK) rose 24.4% in November 2019, according to data from S&P Global Market Intelligence. The surge rested on a strong third-quarter earnings report, which drove the stock price 10.7% higher in a single day.
The provider of data analytics tools and services posted 30% year-over-year revenue growth in the third quarter of fiscal year 2020, landing at $626 million. Adjusted earnings rose 53% to $0.58 per diluted share. Your average analyst would have settled for earnings near $0.54 per share on sales in the vicinity of $605 million.
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Source Fool.com
