Splunk Stock Price, News & Analysis

Splunk Inc. (NASDAQ: SPLK) has appointed Petra Jenner as Senior Vice President and General Manager for EMEA, a new role aimed at enhancing customer success in Europe, the Middle East, and Africa. Jenner, who joins from Salesforce, brings over 25 years of technology industry experience, including leadership roles at Microsoft and Checkpoint. Her responsibilities will include overseeing the go-to-market strategy and driving growth across the region. This strategic appointment is expected to position Splunk for success as organizations increasingly adopt data-driven approaches.

Splunk Inc. (NASDAQ: SPLK) has appointed Katie Bianchi as Senior Vice President and Chief Customer Officer, effective immediately. Bianchi, who joined Splunk in 2018, will supervise the global Customer Success and Professional Services teams. She has over 20 years of experience and previously served at GE as Vice President of Customer Success. CEO Gary Steele emphasized Splunk's commitment to delivering exceptional customer experiences, highlighting Bianchi's strategic leadership role in driving long-term success and scaling the business around customer needs.

Splunk Inc. (NASDAQ: SPLK) will announce its first quarter results for the period ending April 30, 2022, on May 25, 2022, after market close. The earnings report will be available along with financial details on the Splunk Investor Relations website. A conference call to discuss these results is scheduled for 1:30 PM PT (4:30 PM ET) on the same day, accessible via phone and live audio webcast. Following the call, a replay of the audio will be available for seven days.

Splunk (NASDAQ: SPLK) announced on April 13, 2022, the granting of restricted stock unit awards totaling 141,012 shares to 155 new employees. These awards are part of the 2022 Inducement Plan and serve as an incentive for joining the company. Vesting occurs over three years: one-third on June 10, 2023, with the remainder vesting quarterly thereafter, contingent on ongoing employment. Splunk focuses on transforming data for organizations worldwide, aiding them in monitoring and acting on information at any scale.

On April 11, 2022, Splunk Inc. (NASDAQ: SPLK) granted equity awards to newly appointed CEO Gary Steele. The awards included a total of 240,086 shares: 96,034 as restricted stock units and 144,052 as performance units, contingent on achieving specific performance metrics over three years. The restricted stock units vest over four years, while the performance units are tied to relative total stockholder return, with vesting based on predefined performance thresholds. This move aligns with Splunk's commitment to engage and incentivize leadership.

Splunk Inc. (NASDAQ: SPLK) released its State of Security 2022 report, revealing alarming cybersecurity trends. The survey, involving over 1,200 security leaders, found that 65% encountered increased cyberattacks, with 49% experiencing data breaches in the past two years. Ransomware attacks affected 79%, causing operational disruptions, where 54% reported monthly unplanned outages. Talent shortages are also a pressing issue, with 85% struggling to recruit and retain qualified staff. Despite these challenges, 67% of organizations are investing in advanced security technologies.

Splunk Inc. (NASDAQ: SPLK) has appointed Luis Felipe Visoso to its Board of Directors, effective immediately. Visoso, currently the Senior Vice President and CFO at Unity Software, brings nearly 30 years of financial expertise from his roles at major technology firms such as Palo Alto Networks and Amazon Web Services. The appointment aims to enhance Splunk’s financial strategy as it seeks growth opportunities, particularly in the cloud security space. Interim CEO Graham Smith expressed confidence in Visoso’s experience to drive innovation and value for shareholders.

Splunk Inc. (NASDAQ: SPLK) has announced the appointment of Gary Steele as CEO, effective April 11, 2022. Steele brings over 30 years of experience, notably as the founding CEO of Proofpoint, where he oversaw significant growth. His expertise in SaaS and cybersecurity will drive Splunk's vision toward achieving $5 billion in revenue. Interim CEO Graham Smith will resume his role as Chair following the transition. This update coincides with the release of Splunk’s fourth quarter and fiscal year 2022 financial results, illustrating ongoing strategic changes within the company.

Splunk Inc. reported strong financial results for the fourth quarter and full year ended January 31, 2022. Total Annual Recurring Revenue (ARR) grew 32% to $3.12 billion, with cloud revenue increasing 70% to $944 million. Q4 total revenues reached $901 million, a 21% year-over-year rise. The company appointed Gary Steele as CEO effective April 11, 2022, following Graham Smith’s interim leadership. For Q1 2023, Splunk expects revenues between $615 million and $635 million, with a total ARR target of approximately $3.9 billion for the fiscal year.