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This stock was featured on November 11th at $125
Splunk Inc. (SPLK) provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally.
Its products enable users to investigate, monitor, analyze, and act on data regardless of format or source.
The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; Splunk Cloud; and Splunk Light, which offers log search and analysis for small IT environments.
It also provides Splunk Enterprise Security that addresses security threats and information, and event management; Splunk IT Service Intelligence, which monitors health and key performance indicators of critical IT and business services; Splunk User Behavior Analytics that detects cyber-attacks and insider threats; Splunk Phantom that automates and orchestrates incident response workflows; Splunk Machine Learning Toolkit; Splunk App for AWS that collects and analyzes data from amazon web services data sources; Splunk DB Connect to get business and enterprise context; and Cisco Firepower App for Splunk.
Further, the company operates Splunkbase and Splunk Answers Websites, which provide an environment to share apps, collaborate on the use of its software, and provide community-based support and education, as well as offers application programming interfaces and software development kits.
Additionally, it offers maintenance and customer support, training, and consulting and implementation services.
Shares have formed a bullish "wedge" following its earnings on November 21st. Splunk reported 3rd Quarter October 2019 earnings of $0.60 per share on revenue of $626.3 million. The consensus earnings estimate was $0.54 per share on revenue of $603.4 million. Revenue grew 30.2% on a year-over-year basis.
The company said it expects fourth quarter revenue of approximately $780.0 million. The current consensus revenue estimate is $764.8 million for the quarter ending January 31, 2020. The Company is scheduled to report it's results on February 27th.
Entry Point: $162.00
Trading Range: $107.16 to $161.49
Stop Loss: $155.00
Target Price: $178.80
SPLK closed at $163.25
