Splunk Inc.

NasdaqGS:SPLK Voorraadrapport

Marktkapitalisatie: 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 Beheer

Beheer criteriumcontroles 1/4

De CEO Splunk is Gary Steele, benoemd in Apr2022, heeft een ambtstermijn van 1.92 jaar. De totale jaarlijkse vergoeding van { bedraagt $ 51.21M, bestaande uit 1.4% salaris en 98.6% bonussen, inclusief aandelen en opties van het bedrijf. bezit rechtstreeks 0.14% van de aandelen van het bedrijf, ter waarde $ 38.25M. De gemiddelde ambtstermijn van het managementteam en de raad van bestuur bedraagt respectievelijk 1.9 jaar en 9.5 jaar.

Belangrijke informatie

Gary Steele

Algemeen directeur

US$51.2m

Totale compensatie

Percentage CEO-salaris1.43%
Dienstverband CEO1.9yrs
Eigendom CEO0.1%
Management gemiddelde ambtstermijn1.9yrs
Gemiddelde ambtstermijn bestuur9.5yrs

Recente managementupdates

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).

Analyse CEO-vergoeding

Hoe is Gary Steele's beloning veranderd ten opzichte van Splunk's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
Jan 31 2024n/an/a

US$264m

Oct 31 2023n/an/a

US$106m

Jul 31 2023n/an/a

-US$23m

Apr 30 2023n/an/a

-US$170m

Jan 31 2023US$51mUS$730k

-US$278m

Compensatie versus markt: De totale vergoeding ($USD 51.21M ) Gary } ligt boven het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 14.80M ).

Compensatie versus inkomsten: Er zijn onvoldoende gegevens om de beloning van Gary te vergelijken met de prestaties van het bedrijf.

CEO

Gary Steele (61 yo)

1.9yrs
Tenure
US$51,212,720
Compensatie

Mr. Gary L. Steele serves as President, Chief Executive Officer and Director at Splunk Inc. since April 11, 2022. He served as Interim Principal Financial Officer of Splunk Inc. from September 26, 2022 to...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
Gary Steele
President1.9yrsUS$51.21m0.14%
$ 38.3m
Brian Roberts
Senior VP1.2yrsUS$6.15m0.074%
$ 19.7m
Scott Morgan
Senior VP7.2yrsUS$9.30m0.068%
$ 18.0m
Brian Kayman
Chief Accounting Officerless than a yeargeen gegevens0.023%
$ 6.1m
Wang Min
Chief Technology Officerless than a yeargeen gegevensgeen gegevens
Declan Morris
Chief Information Officerno datageen gegevensgeen gegevens
Ken Tinsley
Head of Investor Relationsno datageen gegevensgeen gegevens
Claire Hockin
Senior VP & Chief Marketing Officer2.7yrsgeen gegevensgeen gegevens
Sharyl Givens
Senior VP & Chief People Officer1.4yrsgeen gegevensgeen gegevens
Ammar Maraqa
Senior VP & Chief Strategy Officer4.2yrsgeen gegevensgeen gegevens
Seema Haji
Area Vice President & Head of Platform and Industry Marketingno datageen gegevensgeen gegevens
Christian Smith
Senior VP & Chief Revenue Officer3.5yrsgeen gegevens0.084%
$ 22.3m
1.9yrs
Gemiddelde duur
58yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van SPLK wordt niet als ervaren beschouwd (gemiddelde ambtstermijn 1.9 jaar), wat duidt op een nieuw team.

Bestuursleden

NaamPositieTenureCompensatieEigendom
Gary Steele
President1.9yrsUS$51.21m0.14%
$ 38.3m
Cameron Myhrvold
Board Advisor16.5yrsgeen gegevensgeen gegevens
Graham Smith
Independent Chairman of the Board13.2yrsUS$12.13m0.020%
$ 5.3m
Patricia Morrison
Independent Director10.9yrsUS$268.48k0.021%
$ 5.5m
Mark Carges
Independent Director9.5yrsUS$276.54k0.013%
$ 3.4m
Frederick Felman
Member of Advisory Boardno datageen gegevensgeen gegevens
Elisa Steele
Independent Director6.5yrsUS$260.10k0.0053%
$ 1.4m
Ray Suorsa
Member of Advisory Boardno datageen gegevensgeen gegevens
Ethan Galstad
Member of Advisory Boardno datageen gegevensgeen gegevens
Diane Hagglund
Member of Advisory Boardno datageen gegevensgeen gegevens
Brent Chapman
Member of Advisory Boardno datageen gegevensgeen gegevens
Luis Visoso
Independent Director1.9yrsUS$507.19k0.0026%
$ 674.3k
9.5yrs
Gemiddelde duur
61yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van SPLK wordt beschouwd als ervaren (gemiddelde ambtstermijn 9.5 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2024/03/18 18:36
Aandelenkoers aan het einde van de dag2024/03/15 00:00
Inkomsten2024/01/31
Jaarlijkse inkomsten2024/01/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Splunk Inc. wordt gevolgd door 39 analisten. 28 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

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