Splunk Stock Price, News & Analysis

Splunk Inc. (NASDAQ: SPLK) announces that the University of Illinois Urbana-Champaign utilizes Splunk Cloud for the administration and analysis of over 100,000 weekly COVID-19 tests. The university has conducted more than 1.5 million saliva tests since launching its program in July 2020. Additionally, a public testing data dashboard and the Safer Illinois App support health and safety measures on campus. Splunk's technology aids in data-driven decision-making to ensure a safe campus environment while enhancing the academic experience for students and faculty.

Splunk Inc. (NASDAQ: SPLK) has been recognized as a Leader and the only Outperformer in the GigaOm Radar for Cloud Observability, 2021. The report highlights Splunk’s capabilities in massive scalability, sophisticated in-stream analytics, and OpenTelemetry support. This success is attributed to its comprehensive observability portfolio, enhanced by acquisitions like SignalFx and Omnition. The GigaOm report underscores the necessity of effective observability tools in today’s hybrid multicloud environments, emphasizing Splunk's alignment with industry needs.

Splunk Inc. (SPLK) reported its fiscal Q4 and full-year results for 2021, highlighting a Cloud ARR growth of 83% to $810 million and a total ARR increase of 41% to $2.36 billion. While total revenues declined 6% year-over-year to $745 million, the company achieved cloud revenue of $171 million, up 72%. Despite GAAP operating loss of $780 million and negative operating margins, Splunk aims to leverage its Data-to-Everything Platform for future growth. Guidance for Q1 2022 includes total ARR between $2.42 billion and $2.44 billion and revenues between $480 million and $500 million.

Splunk (NASDAQ: SPLK) announced its upcoming participation in two investor events. Doug Merritt, president and CEO, alongside Jason Child, chief financial officer, will host a discussion and Q&A at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 10:15 a.m. PT. They will also present at the Truist Securities Technology, Internet & Services Conference on March 9, 2021, starting at 2:00 p.m. PT. Webcasts of these sessions will be accessible via the Splunk Investor Relations website.

Splunk (NASDAQ:SPLK) and McLaren Racing have announced a multi-year partnership extension, continuing Splunk's role as the official technology partner of McLaren's Formula 1 team. Since 2020, Splunk's Data-to-Everything Platform has enhanced McLaren's performance by improving decision-making and operations using data. The partnership includes Splunk branding on driver overalls and race cars. Both companies emphasize the importance of data in achieving high performance in Formula 1.

Splunk Inc. (NASDAQ: SPLK) is set to release its fourth-quarter and full-year financial results for the period ending January 31, 2021, on March 3, 2021. The earnings report will be issued after market close and accessible through the Splunk Investor Relations website. Following the release, an executive management conference call will commence at 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial results and business insights. Interested participants can join via phone or through a live audio webcast available on the website.

Splunk Inc. (SPLK) reported strong fiscal Q3 2021 results, showcasing significant growth in its cloud operations. Cloud ARR surged to $630 million, marking a 71% year-over-year increase, while total ARR reached $2.07 billion, up 44%. However, total revenues fell 11% to $559 million. The company celebrated its milestone of over 444 customers with ARR exceeding $1 million, highlighting ongoing demand for data-driven insights. Looking forward, Splunk anticipates total revenues between $650 million and $700 million for Q4 2021.

Splunk Inc. (NASDAQ: SPLK) has announced its participation in four key investor events. Tim Tully, CTO, will speak at the KeyBanc Capital Markets Cloud Leadership Series on December 3, 2020. Doug Merritt, CEO, and Jason Child, CFO, will present at the Credit Suisse 24th Annual Technology Conference the same day. Additionally, they will take part in the Raymond James Technology Investors Conference on December 7, and a session at the Barclays Global TMT Conference on December 10. Webcasts are available on the Splunk Investor Relations website.