Shares of Splunk (NASDAQ:SPLK) fell 4% after the company reported Q1 results.
Earnings per share were down over the past year to ($0.56), which beat the estimate of ($0.57).
Revenue of $434,077,000 rose by 2.17% year over year, which missed the estimate of $442,850,000.
Q2 revenue expected to be between $520,000,000 and $520,000,000.
Details Of The Call
Date: May 21, 2020
Time: 04:30 PM
Recent Stock Performance
52-week high: $176.31
52-week low was at $93.92
Price action over last quarter: Up 15.60%
Splunk provides software for machine log analysis. Its flagship solution is Splunk Enterprise, used across a multitude of use cases including application management, IT operations, and security. The company has historically deployed its solutions on-premises, but the software-as-a-service delivery model is growing in popularity with Splunk Cloud. The company derives roughly 50% of its revenue from software licenses, with the remainder coming from cloud subscriptions, maintenance, and support.