Splunk Inc. (SPLK) - NASDAQ
  • Thu, May 26, 4:38 PM
    • Splunk (NASDAQ:SPLK) is selling off after hours, -6%, after a Q1 earnings report where a loss came as expected though revenues grew solidly and beat, and the company raised full-year guidance.
    • It's a "solid start to the year and we are pleased to welcome more than 450 new customers to the Splunk family,” says CEO Doug Merritt.
    • The company lost $0.77/share on a GAAP basis; non-GAAP loss was $0.02, in line with expectations.
    • Revenue breakout: License, $100.99M (up 40.5%); Maintenance and services, $84.96M (up 57.9%).
    • Operating cash flow of $35.7M; free cash flow was $32M.
    • For Q2, it sees revenues of $198M-$200M, in line with expectations, and operating margin of 2-3%. It's raising guidance for full-year revenues, to $892M-$896M from its February forecast of $880M (and consensus of $882.3M).
    • Press Release
    | Thu, May 26, 4:38 PM | 4 Comments
  • Thu, May 26, 4:03 PM
    • Splunk (NASDAQ:SPLK): FQ1 EPS of -$0.02 in-line.
    • Revenue of $186M (+48.0% Y/Y) beats by $11.88M.
    • Shares +0.69%.
    • Press Release
    | Thu, May 26, 4:03 PM
  • Wed, May 25, 5:35 PM
    | Wed, May 25, 5:35 PM | 2 Comments
  • Fri, Feb. 26, 12:22 PM
    • Tableau (DATA +3.7%), Qlik (QLIK +2.7%), and Hortonworks (HDP +5.4%) are rallying after machine data analytics leader Splunk (SPLK +7.4%) beat FQ4 estimates, reported 44% Y/Y license revenue growth, and issued strong FQ1/FY17 guidance. The gains come three weeks after Qlik, Hortonworks, and Splunk (along with other enterprise tech firms) were hammered in the wake of Tableau's Q4 results and Q1/2016 guidance.
    • Oppenheimer's Shaul Eyal (Outperform rating, $80 target) is pleased with Splunk's large deal momentum. "[F]or 4Q SPLK recorded 523 six-figure orders; for FY16, SPLK recorded ~1,500 six-figure orders, 102 seven-figure orders and three eight-digit orders."
    • Cowen's Gregg Moskowitz (Outperform, $62 target): "Term license bookings represented a very high 53% of total license bookings. While the co. expects a reversion to the 40%-45% range going forward, we believe it will likely settle at a level at least modestly north of that. License ASPs of $80k were very strong for a second consecutive quarter and well above historical norms (~$40k- $50k). International revenue grew 67% y/y and accounted for 28% of total revenue, 300 bps above the year-ago period."
    • William Blair's Bhavan Suri (Outperform): "Not surprisingly, fourth-quarter ASPs jumped to $80,000 from historical levels in the $40,000-$50,000 range, which management said resulted from both larger initial and expansion deals. We attribute this dynamic to increased market recognition of the value proposition inherent to Splunk’s platform approach, which is that it enables joint purchasing decisions, rapid horizontal use-case expansion, and shorter time to value for customers."
    • Baird's Steven Ashley: "Partner relationships continue to strengthen, and management called out a number of 80 partners who have tightly integrated Splunk into their own product. Splunk’s competitive win rate in FY16 was over 85%, reinforcing our view that Splunk is a one-of-a-kind solution in the market at this time."
    | Fri, Feb. 26, 12:22 PM
  • Thu, Feb. 25, 4:15 PM
    • Splunk's (NASDAQ:SPLK) FQ4 beat has been accompanied by FQ1 revenue guidance of $172M-$174M (above a $170.8M consensus) and FY17 (ends Jan. '17) revenue guidance of $880M (up from a prior $850M and above an $854.2M consensus). FY17 op. margin guidance is at 5%.
    • License revenue (drives future maintenance/services revenue) rose 44% Y/Y in FQ4 to $141.4M, nearly even with FQ3's 45% clip. Maintenance/services revenue rose 59% to $78.6M. GAAP operating expenses rose 44% to $263.6M.
    • Over 600 customers were added, raising the total count above 11K. New and expansion clients included Bloomberg, eBay, Shell, SoftBank, GoDaddy, and Expedia. FY16 free cash flow totaled $104.3M (well above non-GAAP net income of $23.6M).
    • SPLK +9.4% after hours to $42.10. Shares went into the FQ4 report more than $20 where they traded going into the FQ3 report, thanks in part to their reaction to Tableau's earnings/guidance.
    • Splunk's FQ4 results, earnings release
    | Thu, Feb. 25, 4:15 PM | 4 Comments
  • Thu, Feb. 25, 4:06 PM
    • Splunk (NASDAQ:SPLK): Q4 EPS of $0.11 beats by $0.03.
    • Revenue of $220M (+49.3% Y/Y) beats by $17.03M.
    • Shares +12%.
    • Press Release
    | Thu, Feb. 25, 4:06 PM | 1 Comment
  • Wed, Feb. 24, 5:35 PM
  • Thu, Feb. 4, 4:20 PM
    • Likely weighing on Tableau (NYSE:DATA) post-earnings: While Q4 revenue rose 42% Y/Y to $202.8M and beat consensus by $2M, license revenue (drives future services revenue) rose 31% to $133.1M, a marked slowdown from Q3's 57% growth and Q2's 60%.
    • 3,600+ new accounts were added, up from 2,600+ a year ago. $100K+ transactions rose 36% Y/Y to 414. International revenue rose 63% to $53.7M. GAAP operating expenses rose a steep 63% to $188.2M.
    • Tableau has plunged to $50.00 after hours. Machine data analytics leader Splunk (NASDAQ:SPLK) is down 8.8% to $42.92. Tableau rival QLIK is down 2.3% to $24.36. Three months ago, Splunk and Qlik rallied in response to Tableau's earnings/guidance. Tableau typically guides on its earnings call (starts at 4:30PM ET).
    • Tableau's Q4 results, earnings release
    | Thu, Feb. 4, 4:20 PM | 18 Comments
  • Nov. 19, 2015, 4:21 PM
    • Along with its FQ3 results, Splunk (NASDAQ:SPLK) announces Godfrey Sullivan is stepping down as CEO following seven years on the job. Former Cisco marketing exec Doug Merritt, hired last year to be Splunk's field operations (sales) chief, is the new CEO, and has joined the board. Sullivan will remain on the board as non-executive chairman.
    • Guidance: FQ4 guidance is for revenue of $200M-$202M, above a $198.3M consensus, and for a 5%-6% op. margin. Initial FY17 (ends Jan. '17) revenue guidance is at $850M, above an $832.3M consensus.
    • FQ3 details: License revenue (drives future services revenue) rose 45% Y/Y to $104.2M, an acceleration from FQ2's 42% growth. 500+ new customers were added, on par with FQ2;the total base is above 10K.

      GAAP operating expenses rose 47% Y/Y to $216.7M, with $130.1M spent on sales/marketing. The deferred revenue balance rose to $348.9M. That helped free cash flow total $21.1M, above non-GAAP net income of $6M.
    • Splunk has risen to $64.60 after hours.
    • Splunk's FQ3 beat, PR
    | Nov. 19, 2015, 4:21 PM
  • Nov. 19, 2015, 4:06 PM
    • Splunk (NASDAQ:SPLK): Q3 EPS of $0.05 beats by $0.04.
    • Revenue of $174.42M (+50.3% Y/Y) beats by $14.16M.
    • Shares -2.5%.
    | Nov. 19, 2015, 4:06 PM | 2 Comments
  • Nov. 18, 2015, 5:35 PM
  • Nov. 5, 2015, 5:46 PM
    • In addition to handily beating Q3 estimates, Tableau (NYSE:DATA) has guided on its earnings call for Q4 revenue of $195M-$200M, above a $193M consensus. Preliminary 2016 revenue guidance (possibly conservative, given the company's guidance history) of $845M-$865M is in-line with an $857M consensus.
    • With shares down sharply from their June/July highs going into earnings - shares plunged post-earnings in late July - the numbers are being very well-received.
    • BI/data visualization software rival QLIK, which tumbled last month due to a revenue miss and license growth slowdown, is up 3.7% after hours. Machine/log data analytics leader Splunk (NASDAQ:SPLK) is up 4% ahead of its Nov. 19 FQ3 report, and Hadoop analytics software provider Hortonworks (NASDAQ:HDP) is up 2.4%, after dropping 18.7% in regular trading in the wake of its Q3 beat and in-line Q4 guidance.
    • Tableau's license revenue rose 57% Y/Y in Q3 to $109.5M, after growing 60% in Q2. New customer accounts totaled 3,100+ vs. 3,000+ in Q2, bringing the total count above 35K. $100K+ deals rose to 296 from 233. International revenue rose 75% Y/Y to $42.2M (25% of total revenue).
    • As with many other growth-stage enterprise software firms, spending remains aggressive: GAAP operating expenses rose 66% Y/Y to $164.1M. $91.6M was spent on sales/marketing, $55M on R&D, and $17.6M on G&A.
    • Tableau's Q3 beat, PR
    | Nov. 5, 2015, 5:46 PM | 1 Comment
  • Aug. 27, 2015, 4:28 PM
    • Splunk (NASDAQ:SPLK) is up 3.5% after hours (following a 4.5% gain in market hours) after posting a Q2 report where it grew net income to $4.1M from a prior $1.2M, and boosting full-year revenue guidance.
    • Revenue breakout: License revenue, $87.96M (up 41.7%); Maintenance and Services, $60.4M (up 53%).
    • It signed more than 500 new customers to end the quarter with more than 10,000.
    • Operating cash flow was $13.6M; free cash flow of $10.8M.
    • The company's guided to Q3 revenues of $158M-$160M, just higher than expected $155.1M, and non-GAAP operating margin of 1%-2%. It's bumping full-year guidance (fiscal year ends Jan. 31) on revenues to $628M-$632M, up from previous $610M-$614M, and higher than a consensus of $616M, and non-GAAP operating margin of 2%-3%.
    • Conference call to come at 4:30 p.m. ET.
    | Aug. 27, 2015, 4:28 PM | 2 Comments
  • Aug. 27, 2015, 4:04 PM
    • Splunk (NASDAQ:SPLK): FQ2 EPS of $0.03 beats by $0.01.
    • Revenue of $148.3M (+46.0% Y/Y) beats by $7.99M.
    | Aug. 27, 2015, 4:04 PM | 2 Comments
  • Aug. 26, 2015, 5:35 PM
    | Aug. 26, 2015, 5:35 PM | 6 Comments
Company Description
Splunk, Inc. develops and markets software products. Its software collects and indexes data at massive scale, regardless of format or source and enables users to search, correlate, analyze, monitor and report on this data in real time. The company's machine data is generated by software... More
Sector: Technology
Industry: Application Software
Country: United States