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Tag: SPLK

  • Splunk Inc. (SPLK) stock Rebounds After Hours on Reports of $20B-plus Offer from Cisco

    On February 11, reports of a $20 billion-plus offer from Cisco Systems to Splunk Inc. (SPLK) emerged on The Wall Street Journal. Consequently, the stock rebounded and soared high in the after-hours on Friday.

    At the close of the regular session, SPLK had a value of $114.51 with a loss of 2.76% on Friday. Following the emergence of the reports, the stock made a comeback in the after-hours to gain a good 11.30%. Hence, SPLK was trading at $127.45 apiece in the after-hours on Friday.

    The software solutions provider, Splunk Inc. has a market capitalization of $18.18 billion. Currently, the company has 158.79 million shares outstanding in the market. SPLK stock lost 33.94% last year while it stands at a current year-to-date loss of a meager 1.05%.

    What is Happening?

    On Friday, WSJ reported that Cisco Systems has made a takeover offer for the company worth $20 billion-plus. The American multinational conglomerate corporation, Cisco Systems recently bought Acacia Communications for $5 billion. If the deal goes through, Splunk will be Cisco’s biggest acquisition as of yet.

    WSJ further reported that while the offer is recent, the companies are not in active discussions about it. There is no guarantee of whether or not a deal will be closed. But the reports sure did make both the involved stocks rose in the after-hours on Friday.

    SPLK’s Recent CEI Score

    On February 01, the company announced receiving a score of 100 on the Human Rights Campaign Foundation’s 2022 CEI (Corporate Equality Index). This year has marked the second consecutive year for the company to be recognized as the best workplace for LGBTQ+ equality.

    The CEI measures corporate policies and practices related to LGBTQ+ workplace equality and it’s the country’s foremost benchmark survey for it.

    Chief Diversity Officer

    On January 25, the company announced the appointment of Rolddy Leyva as Chief Diversity Officer. Leyva will be responsible for worldwide diversity, equity, and inclusion (DEI) and employee experience and will report to the Chief People Officer of SPLK, Kristen Robinson.

    SPLK’s Financials

    In the third quarter of 2021, SPLK had total revenues of $655 million, with a Total ARR of $2.83 billion. This marks respective growth of 19% and 37% year over year.

    The company will be reporting its fourth quarter and fiscal 2021 financial results on March 2, 2022, after the bell.

  • The Three Best Cloud Computing Stocks to Buy in 2021

    The Three Best Cloud Computing Stocks to Buy in 2021

    The technological rift in the industries has made cloud stocks investors’ favorite.

    The cloud computing companies are growing at an escalating speed as cloud computing services are in high demand. One of the few segments which benefited heavily from the global pandemic is cloud software.

    However, the stock market is a bit different and it moves on to various factors. We have many emerging stocks from the cloud sector and some old-lady techs that are developing power in cloud computing Google and Microsoft are prominent examples. So, let’s have a look at the three best cloud computing stocks to buy in 2021.

    Microsoft (MSFT)

    Microsoft (MSFT) is the leading firm in computing software and cloud software services. The company is significantly developing its roots into commercial cloud traction. More importantly, Microsoft’s exposure to all layers of the cloud stack makes it the top investment.

    Recently, the company reported that it is set to invest in a Data Innovation Centre of Excellence in Canada. The objective of this investment is to support local businesses to integrate digital transformation. Moreover, Microsoft (MSFT) will also add an Azure Edge Zone in Western Canada to strengthen its cloud presence in the country.

    Microsoft’s commercial cloud business includes Office 365, Azure, LinkedIn Commercial, and Dynamics. All these cloud segments are worth $60 billion of business. According to Goldman Sachs analyst KashRangan, Microsoft is well-positioned to double in size or even get bigger between $120 billion and $140 billion in the long run.

    Magnite (MGNI)

    Magnite (MGNI) is an online advertising technology firm based in LA, California. The company has massively advanced with the enhancement of digital advertising technology. Magnite offers its cloud-based services that help production studios and TV services with monetization via ads.

    Recently, the company announced a new, state of art data center facility in Singapore. This will lead Magnite to unify its ecosystem for all media segments in the core of the Asia-Pacific (APAC) region. This investment will support the rapid growth in digital advertising services across the region. Moreover, the company will also stamp its authority in the global leadership in CTV and omnichannel digital advertising.

    Magnite (MGNI) is swiftly growing and developing into a bigger cloud firm. So, investors should have a good look at the company.

    Splunk (SPLK)

    Splunk (SPLK) is a US-based firm that produces software for searching, monitoring, and analyzing machine-generated big data through a Web-style interface. Currently, the stock is trading in the downside swing. This is the time to buy the stock and hold it.

    Splunk’s shares have attracted valuation and offer long-term investors a reasonable risk-reward investment opportunity. It’s the kind of risk worth taking. SPLK is one of the few big data pure plays in the market.

    As of December 2020, Splunk (SPLK) was in 47 hedge funds’ portfolios, whereas, its all-time high is 49. The hedge funds are interested in building a portfolio of Splunk more than ever before. So, go with it and hold it.

  • Top 3 Big Data Stocks for long-term Investment

    Top 3 Big Data Stocks for long-term Investment

    Big data companies have transformed over time with the adoption of new technologies.

    When we talk about the digital world, big data companies are on top of the list—making the difference with their products and services. Big data has reshaped the way it works with the changes and evolution in technology. The big data firms are based on new products that usually provide data collection and analytics.

    Big data companies provide various analytics solutions for businesses to achieve valuable insights in different areas. Though the big data has broadened its scope across analytics allowing it to analyze complex datasets to understand trends, patterns, and associations for enterprises to improve their working.

    According to Markets and Markets, the global big data market is anticipated to grow at 10.6% from 2020 to 2025—annually. This means that the big data market is expected to cross $229.4 billion. So, there is a sound opportunity to invest in big data stocks which could make you big profits in the coming years. Here are the top 3 big data stocks to invest in for the long-term.

    Adobe (ADBE)

    Adobe (ADBE) is one of the most diversified software firms in the world—a software-as-a-service titan in the global market. The company is popular for its flagship product, Photoshop, and several other applications such as Adobe Document Cloud, Creative Cloud, and Experience Cloud products.

    All the services Adobe provides allows the company to generate predictable cash flows through subscriptions. The business model of ADBE is perfectly designed to cover the modern market trends.

    As of Nov. 2020, the company reported revenue growth of 15% in the fiscal year 2020, which was around $13 billion. The subscription revenue and revenues from other large segments of Adobe rose to 21% and 20%, respectively. The revenues soared due to increased digital engagement as the freelance market was working at its peak in the pandemic last year.

    By end of last year, Adobe announced that it acquired a marketing workflow start-up Workfront for almost $1.5 billion. This acquisition sets the software firm to expand its market in digital asset management with production and content services.

    Adobe (ADBE) estimates its market across its different software and cloud segments to reach $147 billion in 2023. Adobe stock is well-positioned to make growth in the long-term. However, the sock can retreat from its current trading price of around $470, but it would position the stock to go bullish in the long run. 

    Workiva (WK)

    Workiva (WK) finds itself right there in the cloud market. The company is a mobile-enabled platform that provides its services to businesses to collect, analyze, and manage business data. 

    Workiva’s clients use its software to solve complex operating and reporting processing through documents, connecting teams, and data from primary sources to final reports. The company is well-established across finance, accounting, risk management, etc.

    WK stock had a superb time last year with the shares price more than doubling. In the third quarter of 2020, the company reported revenues up by 19% to $88 million. Whereas, the adjusted earnings soared over 133% to $0.40 per share. 

    The company is set to announce the fiscal year 2020 financial results on Feb. 17, 2021. Previously, Workiva raised its Q4 guidance and expects revenues to continue the growth. So, Workiva (WK) stock is a solid stock in the big data market. The company has massive potential to prove its worth in the coming years.

    Splunk (SPLK)

    Splunk (SPLK) is a business software platform that provides on-premises and cloud solutions to its clients such as monitoring, retrieving, and evaluating big data. The company focuses on developing its data-to-everything platform to cut down the problems of its users and fulfill their needs.

    Splunk has grown into a big company with its partnerships with several Fortune 100 companies. The company has partners including e-commerce giant AWS, Cisco, and Accenture—to name a few. This makes SPLK stock more attractive in the bid data sector.

    The fast-growing segments in big data will enhance the growth of the company in the coming time—acting as catalysts. Splunk’s revenue has jumped excessively over the past few years. In 2017, the company recorded revenue at around $950 million. While in 2020, the revenue was reported around $2.35 billion.

    Recently, the company updated its Q2 FY 21 results. The cloud ARR soared by 89% to $568 million and the total ARR jumped by 50% to $1.93 billion. The overall revenues were down 5% year-over-year, which is due to the shifting trends from the COVID-19 pandemic.

    All in all, Splunk’s partnership with top tech firms shows that it has meaningful demand in the market. In the long-term, SPLK stock can bring you big gains once the market drives through this tough phase.

  • SplunkInc, (SPLK), stock fallen in the PRE-MARKET session following discouraging Earnings Results

    SplunkInc, (SPLK), stock fallen in the PRE-MARKET session following discouraging Earnings Results

    Splunk Inc (SPLK) stock dipped -20.6% to $163.1 in pre-market trading on December 3, 2020, and investors may want to take that as a cautionary sign.

    Splunk, the global leader in computer data processing, posted a loss in fiscal Q3 2021 for the third straight quarter and poor guidance for the January quarter, taking its shares down on Wednesday by about 19 percent in trading today.

    The information platform provider posted $559 million sales, down 11 percent year-over-year, missing the $613 million Wall Street forecast.

    Splunk’s loss widened to $1.26 a share from 38 cents a share in the same quarter last year. On an adjusted basis, Splunk posted a loss of 7 cents per share, under industry estimates of 9 cents of profit.

    With a strong estimate of $301.00 and a low forecast of $165.00, fourteen stock experts predicted the share price at $241.67 in 12 months. A 17.37 percent gain from the last price of $205.91 reflects the average price target. Of those 14 analysts, according to Tipranks, 11 ranked “Buy,” two rated “Hold,” and one rated “Sell.”

    Stock’s base target price of $270 was offered by Morgan Stanley, with a high of $363 under a bull-case scenario and $172 under the worst-case scenario. The brokerage has an “Overweight” ranking on the portfolio of the tech business. Berenberg has increased the stock price outlook from $247 to $260.