Splunk (SPLK) Rallies & Snowflake (SNOW) Volatile After Earnings

Splunk (SPLK) rallies on strong revenues and guidance. SPLK hit a new 52-week high premarket. Its adjusted EPS came in at $0.71 versus an estimated $0.42 and revenue came in at $910.59M versus an estimated $888.15M. BMO Capital raised SPLK's price target to $127 from $117 and has an outperform rating on the stock. Jenny Horne discusses this along with Snowflake (SNOW) which beat on earnings and maintains guidance. Its adjusted EPS came in at $0.22 versus an estimated $0.09 and revenue came in at $674.02M versus an estimated $661.75M. Tune in to find out more about the stock market today.