Splunk Inc.

NasdaqGS:SPLK Aktierapport

Börsvärde: 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 Tidigare resultatutveckling

Tidigare kriterier kontrolleras 2/6

Splunk har ökat intäkterna med en genomsnittlig årlig takt på 6.8%, medan Software -branschen såg intäkterna växer på 22.4% årligen. Intäkterna har varit växande med en genomsnittlig takt på 16.1% per år. Splunk s avkastning på eget kapital är 35.6% och den har en nettomarginal på 6.3%.

Viktig information

6.79%

Tillväxttakt i vinsten

7.72%

Tillväxttakt för EPS

Software Tillväxt i branschen17.33%
Intäkternas tillväxttakt16.15%
Avkastning på eget kapital35.61%
Nettomarginal6.26%
Senaste uppdateringen av resultatet31 Jan 2024

Senaste uppdateringar av tidigare prestationer

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).

Fördelning av intäkter och kostnader

Hur Splunk tjänar och spenderar pengar. Baserat på senast rapporterade resultat, på rullande tolvmånadersbasis.

Resultat- och intäktshistorik

NasdaqGS:SPLK Intäkter, kostnader och resultat (USD Millions )
DatumIntäkterIntäkterG+A KostnaderFoU-kostnader
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

Kvalitetsintäkter: SPLK har en stor engång förlust av $113.4M {1 månader till 31st January, 2024 1 månader) 31st January, 2024.

Växande vinstmarginal: SPLK blev lönsam tidigare.

Fritt kassaflöde vs resultatanalys

Analys av tidigare vinsttillväxt

Resultatutveckling: SPLK har blivit lönsamt under de senaste 5 åren och ökat intäkterna med 6.8% per år.

Accelererande tillväxt: SPLK har blivit lönsamt under det senaste året, vilket gör det svårt att jämföra vinsttillväxttakten med 5-årsgenomsnittet.

Resultat vs industri: SPLK har blivit lönsamt under det senaste året, vilket gör det svårt att jämföra det senaste årets vinsttillväxt med Software branschen ( 11.7% ).

Avkastning på eget kapital

Hög ROE: Medan SPLK s avkastning på eget kapital ( 35.61% ) är hög, är detta mått skevt på grund av deras höga skuldnivå.

Avkastning på tillgångar

Avkastning på sysselsatt kapital

Upptäck starka bolag som tidigare presterat bra

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Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2024/03/18 19:37
Aktiekurs vid dagens slut2024/03/15 00:00
Intäkter2024/01/31
Årlig intjäning2024/01/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Splunk Inc. bevakas av 39 analytiker. 28 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

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