This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Splunk Shares Rise on Bullish Forecast

NEW YORK ( TheStreet) -- Shares of software company Splunk (SPLK - Get Report) are rising in after-hours trading, helped by strong revenue growth.

Splunk generated $52.05 million in third-quarter revenue, up 67% from a year earlier. License revenue increased 56% to $34.5 million. On a non-GAAP basis, Splunk lost 1 cent per share. Analysts polled by Thomson Reuters were looking for a loss of 2 cents per share on $46.67 million in revenue.

The company won more than new 350 enterprise customers, CEO Godfrey Sullivan said in a press release. "Our license revenues were the result of broad adoption by our customers in financial services, technology, telecommunications and government sectors."

During the quarter, the company signed new clients such as Bureau of Alcohol, Tobacco, Firearms and Explosives, Daimler AG, the U.S. Department of Agriculture, among others.

Splunk gave fourth-quarter revenue guidance that was above Wall Street estimates. The company expects sales to be between $58 million and $60 million, with non-GAAP operating margins between 3% and 4%. Wall Street analysts expect $58.07 million in revenue.

Splunk also gave updated 2013 revenue guidance, raising its previous forecast. It now expects sales to be between $192 million and $194 million, up from $183 million to $186 million previously. Analysts surveyed by Thomson Reuters expect $186.35 million in revenue for fiscal 2013.

Shares of Splunk closed higher during the regular session, gaining 3.6% to $30. The stock is moving higher in extended-hours trading, tacking on another 1.3% to $30.36, according to

Interested in more on Splunk? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SPLK $59.50 0.00%
AAPL $118.88 0.00%
FB $105.74 0.00%
GOOG $748.28 0.00%
TSLA $218.25 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs