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Splunk Inc (NASDAQ:SPLK) managed to top expectations on the top and bottom lines with its fiscal third-quarter results. The data analysis software company posted adjusted earnings of $1.55 per share on revenue of $1.07 billion, compared to expectations of $1.12 per share on revenue of $1.03 billion.
The outlook for CSCO stock depends on trends for cloud computing, plus corporate and telecom networks amid the shift to remote work.
Splunk (SPLK) is expected to record a revenue expansion year over year in the third quarter of fiscal 2024 backed by healthy demand trends, product innovation and AI integration.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Splunk (SPLK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2023.
The most upgraded stocks in November, the top seven listed on MarketBeat's platform, all have two things that aren't surprising in common. The first is that they are all monetizing AI.
Splunk (SPLK) closed the most recent trading day at $146.80, moving -0.14% from the previous trading session.
Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney.
Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney.
Splunk (NASDAQ: SPLK ) layoffs are on the way for the cybersecurity company's employees as it enacts a restructuring plan. According to a filing with the Securities and Exchange Commission (SEC), Splunk is planning layoffs that will affect 7% of its global workforce.
Splunk Inc. SPLK said Wednesday it's planning to cut about 7% of its global workforce, mostly in the U.S. The company had 8,000 employees as of Jan. 31, according to its most recent annual report, suggesting about 640 employees will be cut. The software company expects to book charges of about $42 million for severance and other costs, as well as about $5 million in non-cash charges for share-based compensation expense, it said in a regulatory filing.