![]() Fourth Quarter 2022 Financial Highlights Cloud ARR was 1.34 billion, up 65 year-over-year. There's also speculation that Splunk could be acquired, as it was reported earlier this month that Cisco (NASDAQ: CSCO) had made a $20 billion offer for the company. Splunk Inc.engages in developing and marketing software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. The Splunk Threat Research Team (STRT) has had 3 releases of the Enterprise Security Content Update (ESCU) app within the last month (v3.57.0, v3.58.0, and v3.59.0). (NASDAQ: SPLK), the data platform leader for security and observability, today announced results for its fiscal fourth quarter and full year ended January 31, 2022. In addition, Splunk could see a number of near term catalysts, including a new CEO, improved free cash flow growth and revenue reaccelerating as it moves further into the cloud and approach half of its cloud billings in the fourth quarter. "With the stock trading at 5.7x C23 revenue, and our expectations for solid Q4 ARR upside/growth, we believe risk/reward is attractive heading into results Wednesday," Sills added. p>Splunk (SPLK) President and Chief Growth Officer Teresa Carlson joins The Watch List from the software company's conference attracting 30000 registered. The analyst added that he expects cloud and total annual recurring revenue of $1.36 billion, up 68% year-over-year and $3.15 billion, up 33% year-over-year, respectively. Splunk's new chief executive plans to lead the security and observability vendor's product development teams following the departure of another high-ranking executive from the company, raising eyebrows among some industry experts. Currently, Splunk has an average volume of 2.11M. The company has a 50-day moving average of 93.33 and a 200. Splunk has a 1-year low of 65.00 and a 1-year high of 150.79. Splunk shares were down more than 2% to $118.38 in premarket trading on Monday. Deepwatch, a cybersecurity company that specializes in advanced managed detection and response services, has secured 180 million in equity investments and strategic financing from Springcoast Capital Partners, Splunk Ventures and Vista Credit Partners, a subsidiary of Vista Equity Partners. Shares of SPLK opened at 101.64 on Tuesday. "We believe solid demand is likely to translate to Cloud/Total ARR upside," Sills wrote in a note to clients. ![]() ![]() In addition, there was a "healthy" start to 2022 and with the majority of new deals being cloud-based, while still seeing momentum for workload-based pricing and demand building for observability, Splunk is poised to benefit. Splunk (NASDAQ: SPLK) is slated to report fourth-quarter results on Wednesday and Bank of America believes the print should be "solid," highlighting new activity and "healthy usage patterns."Īnalyst Brad Sills, who has a buy rating and $180 price target on the data analysis software company, noted that Splunk's partners saw "solid momentum" in the fourth-quarter as it pertained to deal activity, particularly for security. David Tran/iStock Editorial via Getty Images ![]()
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