Splunk shares leap 14% as earnings smash estimates Big-data services provider Splunk Inc., based in San Francisco, saw its shares jump nearly 14 percent in after-hours tradingThursdayafter delighting Wall Street with fiscal third-quarter earnings that beat analysts’ targets. The company also issued better-than-expected guidance for the coming quarter. Splunk is one of the leaders in big-data software, used by companies to analyze and gain insights from the massive volumes of data they accumulate.(SiliconANGLE)
It was around $70 when you posted that. Just hit $99.99 after hours on a blowout report. Good find DM.
Splunk reported first-quarter results that were in line with analysts' expectations as the firm continues to execute well on its transition to cloud-based services and subscription-oriented contracts. Management lifted its full-year revenue outlook to $1.64 billion, up from $1.62 billion. The firm is well positioned to exceed its fiscal 2020 revenue goal of $2 billion.