Splunk downgraded by Truist with a new price target
$SPLK
Computer Software: Prepackaged Software
Technology
Truist downgraded Splunk from Buy to Hold and set a new price target of $157.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2023 | $157.00 | Buy → Hold | Truist |
| 8/9/2023 | $125.00 | Overweight | CapitalOne |
| 4/19/2023 | Outperform | William Blair | |
| 2/6/2023 | $130.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 1/17/2023 | Buy → Neutral | Guggenheim | |
| 12/15/2022 | $86.00 | Neutral | Wedbush |
| 11/7/2022 | $90.00 | Outperform | Wolfe Research |
| 10/19/2022 | $130.00 | Outperform | Robert W. Baird |
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that Linde plc (NASDAQ:LIN), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX), the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE), the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), and the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG) prior to market open on Monday, March 18, 2024. Linde plc will replace Splunk Inc. (NASDAQ:SPLK) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Splunk will also be removed from the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG) and the Nasdaq-100 Tech Sector™ Index (NASDAQ:NDXT) on the same date. For more information about the company, go to https://www.lind
Increased Annual Recurring Revenue 15% to $4.2 Billion Achieved Q4 GAAP Net Income of $427 Million Generated over $1 Billion in Annual Operating Cash Flow and Adjusted Free Cash Flow Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal fourth quarter and full year ended January 31, 2024, as compared to the corresponding period of the last fiscal year: Fourth Quarter 2024 Financial Highlights Total ARR was $4.208 billion, up 15%; Cloud ARR was $2.186 billion, up 23%. Total revenues were $1.486 billion, up 19%; Cloud revenue was $503 million, up 22%. GAAP operating expenses increased 6.5%; non-GAAP operating expenses decrea
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its fourth quarter and full year ended January 31, 2024 on Tuesday, February 27, 2024. Results will be included in a press release with accompanying financial information that will be released after market close and posted on the Splunk Investor Relations website. In light of the pending transaction with Cisco, Splunk will not be hosting an earnings conference call to review the results or providing a financial outlook. About Splunk Inc. Splunk helps build a safer and more resilient digital world. Organizations trust Splunk to prevent security, infrastructure and application issues from beco
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Truist downgraded Splunk from Buy to Hold and set a new price target of $157.00
CapitalOne initiated coverage of Splunk with a rating of Overweight and set a new price target of $125.00
William Blair resumed coverage of Splunk with a rating of Outperform
Increased Annual Recurring Revenue 15% to $4.2 Billion Achieved Q4 GAAP Net Income of $427 Million Generated over $1 Billion in Annual Operating Cash Flow and Adjusted Free Cash Flow Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal fourth quarter and full year ended January 31, 2024, as compared to the corresponding period of the last fiscal year: Fourth Quarter 2024 Financial Highlights Total ARR was $4.208 billion, up 15%; Cloud ARR was $2.186 billion, up 23%. Total revenues were $1.486 billion, up 19%; Cloud revenue was $503 million, up 22%. GAAP operating expenses increased 6.5%; non-GAAP operating expenses decrea
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its fourth quarter and full year ended January 31, 2024 on Tuesday, February 27, 2024. Results will be included in a press release with accompanying financial information that will be released after market close and posted on the Splunk Investor Relations website. In light of the pending transaction with Cisco, Splunk will not be hosting an earnings conference call to review the results or providing a financial outlook. About Splunk Inc. Splunk helps build a safer and more resilient digital world. Organizations trust Splunk to prevent security, infrastructure and application issues from beco
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 18, 2023. The following six companies will be added to the Index: CDW Corporation (NASDAQ:CDW), Coca-Cola Europacific Partners plc (NASDAQ:CCEP), DoorDash, Inc. (NASDAQ:DASH), MongoDB, Inc. (NASDAQ:MDB), Roper Technologies, Inc. (NASDAQ:ROP), and Splunk Inc. (NASDAQ:SPLK). The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launched along with the Nasdaq Fina
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that Linde plc (NASDAQ:LIN), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX), the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE), the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), and the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG) prior to market open on Monday, March 18, 2024. Linde plc will replace Splunk Inc. (NASDAQ:SPLK) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Splunk will also be removed from the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG) and the Nasdaq-100 Tech Sector™ Index (NASDAQ:NDXT) on the same date. For more information about the company, go to https://www.lind
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced that Yamini Rangan has joined the company's Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230418005498/en/Splunk Appoints Yamini Rangan to Its Board of Directors (Photo: Business Wire) Rangan serves as President, CEO and Director of HubSpot, a public software company that helps customers grow and scale through its CRM platform. Prior to being appointed CEO in 2021, Rangan served as HubSpot's first Chief Customer Officer, leading the marketing, sales and services teams. She also brings more than 25 years of experience in pr
Google, Visa and HP Veteran Joins Technology Leadership Team Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced Min Wang as Chief Technology Officer (CTO), effective immediately. Reporting to Tom Casey, SVP, Products & Technology, Wang will partner with leaders across Engineering, Product Management, Design and Go-to-Market teams to advance the vision and technical direction of Splunk's product portfolio innovation so customers can develop greater digital resilience. Wang brings over 20 years of experience in technology research and development, with a focus on artificial intelligence (AI), machine learning, data analytics and enterprise cloud. Most r