Splunk Inc. provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and runbook-driven automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk Phantom solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. has a strategic partnership with Tenable Holdings, Inc. to secure active directory and converged operational technology environments. The company was incorporated in 2003 and is headquartered in San Francisco, California.
IPO Year: 2012
Exchange: NASDAQ
Website: splunk.com
| 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 |
| 10/11/2022 | $95.00 | Overweight | Wells Fargo |
| 10/6/2022 | $125.00 → $86.00 | Buy → Neutral | UBS |
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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
Increases Annual Recurring Revenue 15% to $4.0 Billion Grows Cloud Revenue 26% Generates Nearly $100 Million of GAAP Net Income Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal third quarter ended October 31, 2023. Third Quarter 2024 Financial Highlights Total ARR was $4.0 billion, up 15% year-over-year. Total revenues were $1.067 billion, with Cloud revenue growing 26% to $469 million. GAAP Operating Expenses increased 4% year-over-year; non-GAAP Operating Expenses decreased by 1% year-over-year. Trailing twelve month operating cash flow was $863 million, up 182% year-over-year. Trailing twelve month adjust
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its third quarter ended October 31, 2023 on November 28, 2023. 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 third quarter or providing a financial outlook. About Splunk Inc. Splunk Inc. (NASDAQ:SPLK) helps build a safer and more resilient digital world. Organizations trust Splunk to prevent security, infrastructure and application issues from bec
News Summary Together, Cisco and Splunk will help move organizations from threat detection and response to threat prediction and preventionCombined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenueExpected to be cash flow positive and gross margin accretive in first fiscal year post close, and non-GAAP EPS accretive in year 2. Will accelerate revenue growth and gross margin expansionUnites two "Great Places to Work" with similar values, strong cultures, and talented teamsThe combination of these two innovative leaders makes them well positioned to lead in security and observability in the
Increases Annual Recurring Revenue 16% Grows Cloud Revenue 29% Nearly Quadruples Trailing Twelve Month Operating and Free Cash Flow Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal second quarter ended July 31, 2023. Second Quarter 2024 Financial Highlights Total ARR was $3.858 billion, up 16% year-over-year. Total revenues were $911 million, with Cloud revenue growing 29% to $445 million. GAAP Operating Expenses declined 2% year-over-year; non-GAAP Operating Expenses declined 3% year-over-year. Trailing twelve month operating cash flow was $827 million, up 247% year-over-year. Trailing twelve month free cash fl
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its second quarter ended July 31, 2023 on Wednesday, August 23, 2023. 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. Splunk's executive management team will host a conference call beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial results and business highlights. Interested parties may access the call by dialing (800) 715-9871 in the U.S. or (646) 307-1963 from international locations and referencing conference ID 3140501. A live audio webcast and replay o
Increases Annual Recurring Revenue 16%, More Than Triples Operating and Free Cash Flow Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal first quarter ended April 30, 2023. First Quarter 2024 Financial Highlights Total ARR was $3.725 billion, up 16% year-over-year. Total revenues were $752 million, with Cloud revenue growing 30% to $419 million. GAAP Operating Expenses declined 2% year-over-year; non-GAAP Operating Expenses declined 1% year-over-year. Operating cash flow was $492 million, up 243% year-over-year. Free cash flow was $486 million, up 253% year-over-year. 810 customers with total ARR greater than
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its first quarter ended April 30, 2023 on Wednesday, May 24, 2023. 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. Splunk's executive management team will host a conference call beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial results and business highlights. Interested parties may access the call by dialing (800) 715-9871 in the U.S. or (646) 307-1963 from international locations and referencing conference ID 3063836. A live audio webcast and replay of t
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
Findings Reveal 80% of Public and Private sector Organizations are using AI and that Clear Acceptable Use, Privacy and Security Policies Need to be Set Early For AI Success GovSummit23 – New research from Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, suggests that while the majority of public and private sector organizations are already using artificial intelligence (AI) in production, trust remains a major concern. Surprisingly, every respondent reported plans to implement AI – all were either using, testing, planning or investigating the use of AI technologies. However, despite this universal adoption, it's clear that organizations need to set priorities and con
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
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, is hosting its annual public sector event, GovSummit 2023, in the Nation's capital, bringing together government IT and security professionals to explore innovative strategies to deliver on the nation's cyber strategy. Event Details Date: Thursday, December 14, 2023 Time: 7:30 am - 4:30 pm ET Location: Ronald Reagan Building and International Trade Center, Washington, D.C. Agenda: View the complete agenda here Speakers Taking the stage alongside Splunk CEO Gary Steele are a select group of dynamic speakers, including: Gary Sinise, the Gary Sinise Foundation: Sinise, co-founded Chicago's Steppenwolf
Increases Annual Recurring Revenue 15% to $4.0 Billion Grows Cloud Revenue 26% Generates Nearly $100 Million of GAAP Net Income Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced results for its fiscal third quarter ended October 31, 2023. Third Quarter 2024 Financial Highlights Total ARR was $4.0 billion, up 15% year-over-year. Total revenues were $1.067 billion, with Cloud revenue growing 26% to $469 million. GAAP Operating Expenses increased 4% year-over-year; non-GAAP Operating Expenses decreased by 1% year-over-year. Trailing twelve month operating cash flow was $863 million, up 182% year-over-year. Trailing twelve month adjust
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with the previously announced agreement for Splunk to be acquired by Cisco (NASDAQ:CSCO) for $157 per share in cash. The expiration of the waiting period under the HSR Act occurred at 11:59 p.m. Eastern Time on November 13, 2023. The completion of the merger remains subject to the satisfaction of other closing conditions specified in the merger agreement, including approval of the merger under other applicable antitrust and foreign investment laws and approval by Splunk stoc
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, will report results for its third quarter ended October 31, 2023 on November 28, 2023. 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 third quarter or providing a financial outlook. About Splunk Inc. Splunk Inc. (NASDAQ:SPLK) helps build a safer and more resilient digital world. Organizations trust Splunk to prevent security, infrastructure and application issues from bec
New Global Survey Finds 47% of CISOs Report Directly to the CEO and 93% of CISOs Expect an Increase in Their Cybersecurity Budget Over the Next Year Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today released its 2023 CISO Report, a new global research report detailing emerging trends, threats and strategies for today's Chief Information Security Officers (CISOs), Chief Security Officers (CSOs) and other qualified security leader equivalents. "The C-Suite and board of directors are increasingly relying on CISOs for guidance across a sophisticated threat landscape and changing market conditions," said Jason Lee, CISO, Splunk. "These relationships provide CISOs t
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
Splunk Inc. (NASDAQ:SPLK), the cybersecurity and observability leader, today announced Toni Pavlovich has been appointed as Chief Customer Officer (CCO). Reporting to Gary Steele, President and Chief Executive Officer of Splunk, Pavlovich is responsible for championing customer experience while fostering a customer-first mindset and culture across Splunk. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230412005387/en/Splunk Appoints Toni Pavlovich as Chief Customer Officer (Photo: Business Wire) With over 30 years of experience, Pavlovich joined Splunk in 2017 and most recently led its Global Professional Services organization w
Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced Brian Roberts has been appointed as the Company's chief financial officer (CFO), effective immediately. Roberts will report to Splunk CEO, Gary Steele. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230123005255/en/Splunk Appoints Brian Roberts as Chief Financial Officer (Photo: Business Wire) Roberts brings 30 years of financial expertise, including at some of the most recognized brands in the technology and consumer industries such as Lyft, Microsoft and Walmart. Throughout his career, Roberts has been at the forefront of innovat
Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced Sharyl Givens has been appointed as the Company's Chief People Officer, effective immediately. Givens will be responsible for driving Splunk's continued success in attracting, retaining and developing the best talent in the industry, including through its diversity, equity and inclusion (DEI) commitment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221017005923/en/Splunk Appoints Sharyl Givens as Chief People Officer (Photo: Business Wire) "Driving an inclusive, collaborative, people-focused culture is an important part of what h
Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced that Richard P. Wallace and David Tunnell have been appointed to the Splunk Board of Directors, effective immediately. "I'm pleased to welcome Rick and David as our newest additions to the Splunk Board," said Graham Smith, Chair of the Splunk Board of Directors. "Rick is a well-regarded technology executive with over 30 years of experience scaling enterprises for long-term durable growth, and David brings an important shareholder perspective, over 25 years of financial expertise as well as a deep understanding of Splunk's business model. The Board looks forward to working closely with Rick a
Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced that Jason Lee has been appointed as the Company's Chief Information Security Officer (CISO), effective immediately. Lee will oversee all facets of global security to protect Splunk employees and customers, including cloud and application security, operations, threat management, penetration testing, risk, and customer trust. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005980/en/Splunk Appoints Jason Lee as Chief Information Security Officer (Photo: Business Wire) Lee brings two decades of experience in technology with a st
Experienced leader joins Splunk from Salesforce to drive customer success in region Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced the appointment of Petra Jenner as Senior Vice President and General Manager for Europe, Middle East and Africa (EMEA). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220516005121/en/Petra Jenner, Senior Vice President and General Manager for Europe, Middle East and Africa (EMEA), Splunk (Photo: Business Wire) "EMEA is home to some of the most innovative organizations in the world, and they rely on Splunk's data platform to remain secure, resilient
Data Platform Leader Reinforces Commitment to Worldwide Customer Success Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, today announced the appointment of Katie Bianchi to Senior Vice President and Chief Customer Officer. Reporting to Gary Steele, Splunk President and CEO, and effective immediately, Bianchi leads the organization's mission to help customers achieve exceptional outcomes and ongoing value with Splunk. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220505006126/en/Splunk Names Katie Bianchi Chief Customer Officer (Photo: Business Wire) In her role, Bianchi will oversee Splunk's
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
KeyBanc Capital Markets upgraded Splunk from Sector Weight to Overweight and set a new price target of $130.00
Guggenheim downgraded Splunk from Buy to Neutral
Wedbush initiated coverage of Splunk with a rating of Neutral and set a new price target of $86.00
Wolfe Research initiated coverage of Splunk with a rating of Outperform and set a new price target of $90.00
Robert W. Baird initiated coverage of Splunk with a rating of Outperform and set a new price target of $130.00
Wells Fargo initiated coverage of Splunk with a rating of Overweight and set a new price target of $95.00
UBS downgraded Splunk from Buy to Neutral and set a new price target of $86.00 from $125.00 previously
Cisco and Splunk Enable Unparalleled Visibility and Real-Time Insights to Standardize Observability in One SolutionNews Summary: The new Unified Observability Experience offers customers a cohesive experience across Cisco and Splunk observability solutions, while establishing the foundation for future integrations.Integration and new innovations empower customers with best in class support for both traditional and modern application architectures and visibility across their entire digital footprint.Through Cisco and Splunk observability solutions, customers can build an observability practice that meets their IT environment needs, on-premises, hybrid and multi cloud.LAS VEGAS, June 5, 2024 /
JMP Securities analyst Trevor Walsh reiterated SentinelOne Inc (NYSE:S) with a Market Outperform and a $33 price target. The company reported solid fourth-quarter results Wednesday after the market close, with revenue of $174.2 million (consensus $169.4 million), up 38% Y/Y, ending ARR of $724.0 million (consensus $722.7 million), up 39% Y/Y, and RPO up 47% Y/Y and 15% Q/Q (attributable to larger contracts). CEO Tomer Weingarten commented, “most of our growth comes from new accounts,” highlighting a particularly notable deal where a significant energy company replaced Splunk Inc (NASDAQ:SPLK) SIEM with SentinelOne’s Singularity Data Lake. The stock is down ~5.3% year-to-date (after sli
Splunk (NASDAQ:SPLK) reported quarterly earnings of $3.43 per share which beat the analyst consensus estimate of $1.95 by 75.9 percent. This is a 68.14 percent increase over earnings of $2.04 per share from the same period last year. The company reported quarterly sales of $1.49 billion which beat the analyst consensus estimate of $1.28 billion by 16.32 percent. This is a 18.78 percent increase over sales of $1.25 billion the same period last year.
Splunk's (NYSE:SPLK) short percent of float has risen 14.23% since its last report. The company recently reported that it has 4.99 million shares sold short, which is 2.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
U.S. stocks are poised for a potential rebound on Tuesday after facing concerns about valuations in the previous session. Early trading shows modest gains in major index futures, indicating continued market momentum. The day’s trading direction may be influenced by retail earnings reports, economic data releases, and a scheduled Fed speech. Traders may proceed cautiously ahead of key economic catalysts expected later in the week. With February recording solid gains, markets could be aiming to close the month on a positive note. Investor sentiment leans towards risk-taking, as reflected in rallying cryptocurrencies, with Bitcoin (CRYPTO: BTC) surpassing the $56,500 mark. Monday’s Market
Companies Reporting Before The Bell • Gaotu Techedu (NYSE:GOTU) is expected to report quarterly loss at $0.07 per share on revenue of $100.49 million. • American Electric Power (NASDAQ:AEP) is projected to report quarterly earnings at $1.26 per share on revenue of $5.12 billion. • Quanterix (NASDAQ:QTRX) is expected to report quarterly loss at $0.32 per share on revenue of $29.84 million. • Pinnacle West Capital (NYSE:PNW) is expected to report quarterly loss at $0.13 per share on revenue of $1.12 billion. • Cracker Barrel Old (NASDAQ:CBRL) is expected to report quarterly earnings at $1.37 per share on revenue of $917.33 million. • PAR Technology (NYSE:PAR) is projected to report quart
Splunk's (NYSE:SPLK) short percent of float has fallen 14.75% since its last report. The company recently reported that it has 4.37 million shares sold short, which is 2.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.86 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
The Nasdaq 100 Index, often seen as the barometer of the U.S. tech sector’s health, is poised to conclude a remarkable year, marking its best performance in nearly a quarter of a century. Let’s delve into the factors fueling this extraordinary surge, from the rise of artificial intelligence (AI) to the Federal Reserve’s pivotal role. The index, which tracks the largest non-financial companies trading on the Nasdaq Stock Market, has seen a 55% increase in its performance since the start of the year, surpassing the 54% return in 2009. To find a stronger annual return, you’d need to rewind to 1999, when the tech index soared by a staggering 102%, fueled by the exuberance surrounding t
Splunk's (NYSE:SPLK) short percent of float has risen 3.61% since its last report. The company recently reported that it has 3.39 million shares sold short, which is 2.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.34 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
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).