Name: Splunk (SPLK) Rallies & Snowflake (SNOW) Volatile After Earnings
Uploaded: 2023-08-24T15:38:11.912-05:00
Duration: 5 min 52 s

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Welcome to Gamma On! Hosted by Oliver Renick, Gamma On will explore topics and ideas within the trading world that weave in gamma exposure, mathematics, retail trading trends and the interplay with market-makers. Each episode, Oliver will be joined by industry veterans to provide perspective on understanding these markets.&nbsp;

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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.

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

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