Splunk Inc.

Report azionario NasdaqGS:SPLK

Capitalizzazione di mercato: US$26.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Splunk Performance degli utili passati

Criteri Il passato verificati 2/6

Splunk ha registrato una crescita degli utili a un tasso medio annuo di 6.8%, mentre il settore Software ha registrato utili in crescita a un tasso medio annuo di 22.5%. I ricavi sono stati in crescita a un tasso medio annuo di 16.1%. Il ritorno sul capitale proprio di Splunk è 35.6% e ha margini netti di 6.3%.

Informazioni chiave

6.79%

Tasso di crescita degli utili

7.72%

Tasso di crescita dell'EPS

Software Crescita del settore17.33%
Tasso di crescita dei ricavi16.15%
Rendimento del capitale proprio35.61%
Margine netto6.26%
Ultimo aggiornamento sugli utili31 Jan 2024

Aggiornamenti sulle prestazioni recenti

Recent updates

Seeking Alpha • Jan 29

Splunk Trading At An Implied Yield Close To 9.95% While Risk Is Mitigated

Summary Cisco Systems, Inc. is acquiring cybersecurity company Splunk Inc. for $30 billion, representing a 30% premium. The deal is expected to close within the 100 to 150-day window, potentially resulting in annualized returns of 10.07% to 43.68%. The HSR clearance and the cybersecurity sector's performance indicate a high likelihood of deal completion, estimated to be above 95%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

Splunk files copyright lawsuit against Cribl

Splunk (NASDAQ:SPLK) said Wednesday it filed a lawsuit against Cribl in the U.S. District Court of Delaware, alleging patent and copyright infringement as well as unfair competition. SPLK alleged that Cribl unlawfully misappropriated its source code and confidential materials. SPLK claimed Cribl CEO Clint Sharp founded his company using code he took from SPLK when he was an employee of the firm without permission to do so.
Seeking Alpha • Sep 23

Splunk: Buy It And Forget About It

Summary Shares of Splunk have continued to slide after the company posted strong Q2 results. It is one of the few tech companies to actually increase its guidance for the full year, as opposed to many peers slicing outlooks. Now in a mature phase with its subscriptions transition, Splunk is hitting >30% y/y revenue growth while also making huge operating margin gains. The company trades at an attractive As the market retreats deeper and deeper into correction mode, it is an excellent time for brave investors to make long-term plays in fantastic companies that have fallen out of fashion. The mid-cap tech space, in particular, has plenty of fundamental powerhouses that are trading at fire-sale levels, and investors with cash to deploy can benefit from truly unmissable entry points. Splunk (SPLK) is one company that bears special mention. This machine-data platform is one of the most prominent names in big data analytics, and its technology is a mission-critical tool that helps businesses derive insights from data already generated from their internal systems. Year to date, shares of Splunk are down ~30% - more modest than most tech peers, but still not in line with the vast fundamental wins the company has scored recently, most notably in largely completing its transition to a subscription-based business model. Data by YCharts I remain bullish on Splunk. This is a fantastic company that now has a powerful ARR base, a best-in-class technology that is widely regarded in the industry, and on track to becoming immensely profitable thanks to its rich gross margin profile and opportunities for operating leverage. Here's a full rundown on what I think to be the key bullish drivers for Splunk: The use cases for Splunk are infinite - In its early days, Splunk's machine data-mining capabilities were often used for security purposes to flag and respond to anomalies within corporate systems. But as Splunk has evolved, the company's machine data capabilities are applicable across virtually any industry and across many functions. Usage-based pricing - Some of the most successful software stocks are usage-based, meaning that revenue climbs proportionally to a customer's usage of the product. Splunk's platform is charged on a data volumes/computing power basis. As data volumes continue to explode and companies push the boundaries of how they integrate data into operations and decision-making, Splunk has a tremendous opportunity to derive growth from within its install base. Splunk isn't without competitors, but the company's focus on machine data is unique. It's also the largest company in the space. The company's closest large/public peers are the monitoring companies like Datadog (DDOG) and New Relic (NEWR), which primarily focus on monitoring the performance and uptime of applications and infrastructure. Splunk focuses on visualizing and analyzing machine data (information passively generated by computers, phones, and other endpoints within networks). We note as well that Splunk's ~$3.3 billion annual revenue scale makes it twice as large as its next-closest competitor, Datadog. Industry-wide recognition - More to the point above, it's fine to have competition when Splunk also is widely considered the best-in-breed vendor for machine data analytics. Gartner, the software industry's leading analyst and reviewer, has bestowed the "Leader" designation to Splunk in the security information and event management space, and also named it as the vendor with the highest ability to execute. These commendations don't come lightly to IT buyers when making a purchase decision. Significant international expansion opportunity - Splunk has become a global brand name, and it's time for Splunk to chase more opportunities overseas. Currently, only about ~35% of its revenue base comes from international markets (and an even smaller ~20% slice of the cloud business is overseas). I see significant opportunity for Splunk to expand its presence outside of the U.S. On a more near-term basis, note that Splunk is one of the only tech companies in the Q2 earnings season to increase its full-year outlook. This stands in stark contrast to many other tech stocks that have cut their full-year guidance, citing a number of woes ranging from slowing deal cycles to FX pressures. It is important to note that one of the drivers here is that the weaker macro environment caused many of Splunk's customers to delay their cloud migrations, resulting in higher upfront license revenue. Still, Splunk's valuation fall in light of these strong results is baffling (it's only in sympathy with the rest of the market, and doesn't make sense on a standalone basis). At current share prices near $80, Splunk trades at a $13.00 billion market cap. After we net off the $1.79 billion of cash and $3.87 billion of debt on Splunk's most recent balance sheet, the company's resulting enterprise value is $15.08 billion. The company's latest revenue outlook is $3.35-$3.40 billion, representing 25-27% y/y growth - up two points on both the high and low end from its prior range. It's also worth noting that the company expects pro forma operating margins now at 8%, six points higher than 2% in the year-ago quarter. ARR expectations are down, driven both by FX translation impacts as well as the aforementioned delays in cloud migration. Splunk guidance update (Splunk Q2 earnings deck) Against Splunk's latest revenue outlook, the company trades at 4.5x EV/FY23 revenue. If we look ahead to FY24 (the year for Splunk ending in January 2024), where Wall Street consensus is calling for 19% y/y revenue growth to $4.05 billion (data from Yahoo Finance), Splunk's multiple compresses down further to just 3.7x EV/FY24 revenue. The bottom line here: Splunk is a known quantity in the software industry and is trading at an incredible opportune multiple. Don't miss the chance to get in on this stock at what I consider to be a very low-risk price. Q2 download Let's now go through Splunk's latest Q2 results in greater detail. The Q2 earnings summary is shown below: Splunk Q2 results (Splunk Q2 earnings deck) Splunk's revenue grew 32% y/y to $798.8 million, beating Wall Street's expectations of $737.0 million (+22% y/y) by a wide mile. The main driver here, as previously noted, is higher than expected license revenues, due to customers delaying their cloud transitions. Still, we don't think there's any cause for concern for the long-term viability of Splunk's recurring revenue buildup. Splunk still grew total ARR in the quarter to $3.33 billion, up 27% y/y, and adding $121 million of net-new ARR in the quarter. And as seen in the chart below, the company now has 723 customers who generate a total ARR in excess of $1 million, adding 33 such customers in the quarter (more than 15 in Q1).

Ripartizione dei ricavi e delle spese

Come Splunk guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

NasdaqGS:SPLK Ricavi, spese e utili (USD Millions )
DataRicaviUtiliSpese G+ASpese di R&S
31 Jan 244,2162642,091919
31 Oct 233,9811062,075933
31 Jul 233,843-232,064946
30 Apr 233,731-1702,062961
31 Jan 233,654-2782,066997
31 Oct 223,304-6872,0711,012
31 Jul 223,039-9982,0651,035
30 Apr 222,846-1,1722,1021,038
31 Jan 222,674-1,3392,0571,030
31 Oct 212,518-1,3381,995983
31 Jul 212,411-1,1961,893909
30 Apr 212,297-1,0731,732846
31 Jan 212,229-9081,671791
31 Oct 202,275-7911,661770
31 Jul 202,343-6471,662738
30 Apr 202,368-4871,630674
31 Jan 202,359-3371,596620
31 Oct 192,190-3121,479549
31 Jul 192,044-3101,403508
30 Apr 191,916-3131,331480
31 Jan 191,803-2761,268442
31 Oct 181,641-2451,146390
31 Jul 181,502-2181,061347
30 Apr 181,394-194988313
31 Jan 181,309-190937301
31 Oct 171,156-298896288
31 Jul 171,058-361863301
30 Apr 17991-369822297
31 Jan 17944-347781296
31 Oct 16864-360760286
31 Jul 16793-340715254
30 Apr 16729-308668235
31 Jan 16668-279627215
31 Oct 15596-256559194
31 Jul 15537-232507178
30 Apr 15491-238483165
31 Jan 15451-217443148
31 Oct 14403-193407130
31 Jul 14366-161366109
30 Apr 14331-11431091
31 Jan 14303-7926976
31 Oct 13268-5322663
31 Jul 13241-4120055
30 Apr 13219-3217848

Guadagni di qualità: SPLK ha un grande una tantum perdita di $113.4M che ha avuto un impatto sui suoi ultimi 12 mesi di risultati finanziari pari a 31st January, 2024.

Margine di profitto in crescita: SPLK è diventata redditizia in passato.

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: SPLK è diventata redditizia negli ultimi 5 anni, aumentando i guadagni del 6.8% all'anno.

Accelerare la crescita: SPLK è diventata redditizia nell'ultimo anno, rendendo difficile confrontare il tasso di crescita degli utili con la media quinquennale.

Guadagni vs Settore: SPLK è diventata redditizia nell'ultimo anno, rendendo difficile confrontare la crescita dei suoi utili dell'anno passato con il settore Software ( 14.2% ).

Rendimento del capitale proprio

ROE elevato: Sebbene il Return on Equity ( 35.61% ) di SPLK sia elevato, questa metrica è distorta a causa del loro elevato livello di debito.

Rendimento delle attività

Rendimento del capitale investito

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/03/18 08:42
Prezzo dell'azione a fine giornata2024/03/15 00:00
Utili2024/01/31
Utili annuali2024/01/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Splunk Inc. è coperta da 39 analisti. 28 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Raimo LenschowBarclays