(VIANEWS) – Splunk (NASDAQ: SPLK) continues to surge on Thursday, rising 21.08% to EUR144.80 at 13:24 EST – its third straight session of gains! On the contrary, however, the NASDAQ exchange was in negative territory, sliding 1.12% down to EUR13,318.49 which seems indicative of overall negative trading trends during Thursday.
Splunk’s last closing price was EUR119.59, representing an increase of 2.94% over its 52-week high of EUR116.18.
About Splunk
Splunk Inc. is a software and cloud services company that offers an unified security and observability platform, known as Splunk Security, to help security leaders strengthen their organization’s digital resilience while meeting compliance requirements through Splunk Observability. Furthermore, they offer APIs, SDKs, and other interfaces for third-party developers, partners, customers to build content; as well as offering adoption education support services for newcomers to the platform. Founded in 2003 and located in San Francisco California;
Yearly Analysis
According to data provided, Splunk stock is currently trading at EUR144.80 – significantly above its 52-week high of EUR116.18 – signalling investors’ bullish sentiment on its future performance.
Splunk has projected that its sales growth for 2018 is anticipated at 7.7%, which is considered moderate; however, their estimated 11.6% sales growth forecast indicates an uptick in growth prospects that may attract investors looking for companies with robust expansion potential.
Splunk’s EBITDA currently stands at 5.48, which signals that they are making strong profits and having a secure financial outlook. An increasing EBITDA typically signifies to investors that a company is profitable and stable financially.
Overall, Splunk appears to be an attractive investment choice based on its data analysis. The company boasts positive prospects with moderate growth prospects and solid financial performance, making Splunk an appealing option.
Technical Analysis
Splunk Inc. (SPLK) has experienced an extraordinary surge in its stock prices, currently reaching EUR127.00; significantly higher than both its 50-day moving average of EUR104.04 and 200-day moving average of EUR94.83. This spike can be attributed to an unprecedented trading volume spike; today’s reported volume was 180388804 which represents 1058.75% more trading volume than usual: its average volume being 1,556,740
Splunk has demonstrated a relatively stable volatility profile over recent weeks and months. Its current intraday variation average for last week, month, and quarter stands at negative 0.80%, positive 0.99%, and 1.39%, respectively; its highest average volatility amplitude reached 0.81% last week, 1.56% last month, and 1.39% over all quarters.
Splunk’s stock is currently considered overbought (>=80), suggesting it could be in need of correction soon due to significant price gains that may overvalued it. The stochastic oscillator, an indicator for overbought/oversold conditions, indicates this situation.
Investors should monitor these indicators closely as they could provide insight into the future direction of Splunk stock prices. However, investors should keep in mind that past performance does not guarantee future results, so always conduct their own research and analysis prior to making investment decisions.
Quarter Analysis
Splunk, the leading data analytics software company, is expected to experience modest sales growth of 0.2% in its next quarter. Although this may indicate slowing growth rates for Splunk, its current quarter’s estimates were 37.3% growth rate which suggests that growth remains strong and could rebound in subsequent quarters.
Concerns are warranted with regards to Splunk’s estimated growth estimate dropping 13.7% quarter over quarter. Estimations can fluctuate as new information comes to light; there may even be new products or services released which drive expansion going forward.
Splunk has consistently experienced year-over-year revenue growth of 14% over its trailing twelve month period, signaling to investors that its customer base and sales are expanding as expected and providing positive signals of future performance.
Splunk has experienced strong revenue growth over the last quarter, suggesting there may still be opportunity for future expansion. Investors should closely follow Splunk’s financial performance and industry trends for making informed investment decisions.
Equity Analysis
Splunk has an estimated trailing 12-month earnings per share (EPS) figure of EUR-0.1, indicating negative earnings which may cause concern among potential investors. However, short-term negative earnings can often be part of an organization’s growth cycle, particularly technology firms investing heavily in R&D activities.
Additionally, it’s crucial to analyze other financial metrics and factors, including revenue growth, market share, competitive position and the strength of management team as a more complete picture of its financial health and future potential growth.
Potential investors in Splunk should carefully assess both its current and projected financial performance, as well as market and economic trends, before making an investment decision.
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