Name: Splunk (SPLK) Rallies On Big Earnings Beat
Uploaded: 2023-08-24T21:18:55.082-05:00
Duration: 5 min 24 s

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Splunk (SPLK) rallies on strong revenue and guidance. Its adjusted EPS came in at $0.71 versus an estimated $0.42 and revenue came in at $910.59 versus an estimated $888.15M. Its 3Q revenue is seen between $1.02B-$1.03B. Alex Coffey and Jenny Horne discuss this name and its recent success. SPLK's annual recurring revenue is up 16%. BMO Capital raised SPLK's price target to $127 from $117 and has an outperform rating on the stock. Tune in to find out more about the stock market today.

Splunk (SPLK) Rallies On Big Earnings Beat

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