GlobeNewswire . Our dashboard What Factors Drove 115% Change in Splunk Stock Between FY 2018 And Now? The software-as-a-service model has helped companies generate fast growth. The operational intelligence leader destroyed quarterly estimates and raised its revenue and earnings outlook. Shares of Splunk (NASDAQ:SPLK) fell 14.2% last month, according to data provided by S&P Global Market Intelligence, as some investors sold off tech stocks following months of gains in the sector. After a 75% rally since March 23, Splunk stock (NASDAQ: SPLK) looks fully valued based on its historic Price to Sales (P/S) multiples. Splunk's stock was up by as much as 50% this year until the very beginning of September, when investors quickly turned on tech stocks and began selling shares. The ongoing Covid-19 crisis and the economic uncertainty have caused losses for businesses across the world, resulting in budget cuts. (Photo via Smith Collection/Gado/Getty Images). Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Shares gained over 109% on their first day of trading after … )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. SPLK earnings call for the period ending July 31, 2019. The single most important factor in a company's success is the team that's leading the company. © 2020 Forbes Media LLC. The data analysis expert's mixed earnings report was stronger than it looked. Vi og vores partnere opbevarer og/eller har adgang til oplysninger om din enhed via brugen af cookies og lignende teknologier for at vise personligt tilpassede annoncer og personligt tilpasset indhold, til måling af annoncer og indholds effektivitet, til indsigt om målgrupper samt produktudvikling. See you at the top! © 2020 Verizon Media. Some of the rise over the last 2 years is justified by the roughly 80% growth seen in Splunk’s revenues from FY 2018 to FY 2020. SPLK earnings call for the period ending July 31, 2018. Splunk, a big data solutions provider, has seen its stock rally from $113 to $198 off the recent bottom compared to the S&P which moved around 50%. Okta, Splunk and Anaplan: Midday Tech Stock Movers Shares of Okta rose 5% to $214.72 on Friday. In another most recent transaction, which held on 8/31/2020, LIONTRUST INVESTMENTS LTD. bought approximately 11.5 thousand shares of Splunk Inc. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. Investors fled tech stocks at the beginning of the month. The Fool has written over 200 articles on Splunk. Security, cloud computing, and digital payments are in high demand right now. So what’s the likely trigger and timing for the downside? Markets sprang back to life today, and these companies benefited from the strength. “Enterprise customers want to connect logs, traces, metrics, in a single unified model. Company profile page for Splunk Inc including stock price, company news, press releases, executives, board members, and contact information After a 75% rally since March 23, Splunk stock (NASDAQ: SPLK) looks fully valued based on its historic Price to Sales (P/S) multiples. Splunk (SPLK) continues to expand its cloud software business at a rapid pace, helped in part by an acceleration in enterprise digital transformations during the Covid-19 crisis. When something goes bump in the night, you’re trying to figure out what the hell happened and how do you get things back together again.”Sutter Hill is committed to supplying as much as $100 million in debt financing to Observe and doesn’t want the startup to have to raise money from other investors yet.
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