Rotten Tomato Stocks
No Result
View All Result
  • News
    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

    Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

    Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

    Vizio Swings to 1Q on Decline in Device Sales

    Vizio Swings to 1Q on Decline in Device Sales

  • NYSE
    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Coca-Cola Co. stock falls Tuesday, underperforms market

    Coca-Cola Co. stock falls Tuesday, underperforms market

    Newmont Co. (NYSE:NEM) Sees Significant Decline in Short Interest

    Newmont Co. (NYSE:NEM) Sees Significant Decline in Short Interest

    Twitter’s stock falls toward a 7th-straight loss

    Twitter’s stock falls toward a 7th-straight loss

  • NASDAQ
    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    Nikola Corp. stock falls Monday, underperforms market

    Nikola Corp. stock falls Monday, underperforms market

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

    Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

    Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

    Vizio Swings to 1Q on Decline in Device Sales

    Vizio Swings to 1Q on Decline in Device Sales

  • NYSE
    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Coca-Cola Co. stock falls Tuesday, underperforms market

    Coca-Cola Co. stock falls Tuesday, underperforms market

    Newmont Co. (NYSE:NEM) Sees Significant Decline in Short Interest

    Newmont Co. (NYSE:NEM) Sees Significant Decline in Short Interest

    Twitter’s stock falls toward a 7th-straight loss

    Twitter’s stock falls toward a 7th-straight loss

  • NASDAQ
    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    Nikola Corp. stock falls Monday, underperforms market

    Nikola Corp. stock falls Monday, underperforms market

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Splunk (NASDAQ:SPLK) Downgraded by JMP Securities

Editorial Staff by Editorial Staff
February 22, 2022
0
Splunk (NASDAQ:SPLK) Downgraded by JMP Securities

Splunk (NASDAQ:SPLK) was downgraded by stock analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other analysts also recently weighed in on the company. Robert W. Baird decreased their price target on Splunk from $185.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, December 2nd. Credit Suisse Group began coverage on shares of Splunk in a research note on Tuesday, November 16th. They set an “outperform” rating and a $225.00 target price on the stock. BTIG Research upgraded shares of Splunk from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, January 24th. Royal Bank of Canada reduced their price objective on shares of Splunk from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, December 2nd. They noted that the move was a valuation call. Finally, Needham & Company LLC reduced their price objective on Splunk from $203.00 to $181.00 and set a “buy” rating for the company in a research note on Thursday, December 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $164.30.

SPLK stock opened at $114.70 on Tuesday. Splunk has a 52 week low of $105.45 and a 52 week high of $176.66. The business has a 50-day simple moving average of $116.93 and a 200 day simple moving average of $136.79. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 17.42. The company has a market cap of $18.21 billion, a PE ratio of -13.94 and a beta of 1.31.

Splunk (NASDAQ:SPLK) last released its earnings results on Wednesday, December 1st. The software company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($1.36) by $0.99. Splunk had a negative net margin of 53.14% and a negative return on equity of 89.54%. The firm had revenue of $664.75 million for the quarter, compared to analyst estimates of $646.52 million. During the same period last year, the firm earned ($0.96) EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, analysts anticipate that Splunk will post -5.9 EPS for the current fiscal year.

In other Splunk news, SVP Scott Morgan sold 838 shares of the stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $112.05, for a total transaction of $93,897.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA grew its stake in shares of Splunk by 0.9% in the fourth quarter. Primecap Management Co. CA now owns 7,569,051 shares of the software company’s stock worth $875,891,000 after acquiring an additional 68,390 shares during the period. Vulcan Value Partners LLC purchased a new position in shares of Splunk during the 4th quarter valued at about $535,507,000. Pictet Asset Management SA grew its stake in shares of Splunk by 4.9% during the 4th quarter. Pictet Asset Management SA now owns 4,383,407 shares of the software company’s stock valued at $507,248,000 after acquiring an additional 204,107 shares during the period. First Trust Advisors LP raised its holdings in Splunk by 32.5% during the fourth quarter. First Trust Advisors LP now owns 3,420,664 shares of the software company’s stock valued at $395,839,000 after acquiring an additional 838,240 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Splunk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,049,835 shares of the software company’s stock worth $236,842,000 after purchasing an additional 43,237 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics and industries. The company was founded by Erik M.

Related Posts

Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?
NASDAQ

Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

May 18, 2022
Costco Wholesale Corp. stock falls Tuesday, underperforms market
NASDAQ

Costco Wholesale Corp. stock falls Tuesday, underperforms market

May 18, 2022
LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest
NASDAQ

LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

May 18, 2022
Nikola Corp. stock falls Monday, underperforms market
NASDAQ

Nikola Corp. stock falls Monday, underperforms market

May 17, 2022
Load More
Next Post
Nasdaq Inc. stock falls Tuesday, underperforms market

Nasdaq Inc. stock falls Tuesday, underperforms market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019
Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

September 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Nektar, worst performing stock in S&P 500, gets booted from the index

Nektar, worst performing stock in S&P 500, gets booted from the index

November 12, 2019

EDITOR'S PICK

Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

September 9, 2019
Gray Television (NYSE:GTN) Stock Rating Lowered by Zacks Investment Research

Gray Television (NYSE:GTN) Stock Rating Lowered by Zacks Investment Research

May 4, 2022
Why EyePoint Pharmaceuticals Is Cratering Today

Why EyePoint Pharmaceuticals Is Cratering Today

February 22, 2020
TC Energy Corp. stock falls Monday, underperforms market

TC Energy Corp. stock falls Monday, underperforms market

January 24, 2022

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Doximity stock plummets after forecast, heads lower than IPO price for first time

Coca-Cola Co. stock falls Tuesday, underperforms market

POPULAR POSTS

Newmont Co. (NYSE:NEM) Sees Significant Decline in Short Interest

Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

Costco Wholesale Corp. stock falls Tuesday, underperforms market

© Copyright 2021 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.