NEW YORK (TheStreet) -- Shares of Splunk Inc. are climbing higher by 5.99% to $68.83 in after-hours trading on Thursday, after the company reported its non-GAAP operating income for the fiscal 2015 third quarter was $2.7 million, or 2 cents per share. For the most recent quarter analysts were expecting the software products provider to post earnings of 1 cent per share. Splunk said its revenue for the third quarter of fiscal 2015 was $116 million, a 48% increase over the fiscal 2014 third quarter. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Analysts had forecast for revenue of $107.31 million for the quarter. "This quarter we released new versions of all of our core products, offered new solutions for mobile, wire, mainframe and sensor data, and strengthened our market teams...We welcomed over 500 new customers, saw growth in all of our core markets - with the growth in security especially notable - and we had our best quarter yet with Splunk Cloud," said company CEO Godfrey Sullivan. Separately, TheStreet Ratings team rates SPLUNK INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate SPLUNK INC (SPLK) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share." You can view the full analysis from the report here: SPLK Ratings Report SPLK data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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