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 Falls on Mixed Outlook

NEW YORK ( TheStreet) -- Splunk (SPLK - Get Report) fell in extended-hours trading Thursday after the big data company raised its full-year revenue outlook, but forecast negative second-quarter operating margins as it continues to invest heavily in data platform, content and Software-as-a-Service offerings.

At last check, shares were down 4.02% to $43.40 in after-hours trading.

"We are off to a strong start in the first quarter and I'm pleased with our new customer acquisition and financial performance," chairman and CEO Godfrey Sullivan said in a statement. "Years of investment and product innovation have resulted in recognition that Splunk is disrupting the enterprise software space."

In its first-quarter earnings release, Splunk said it expects full-year revenue of between $266 million and $274 million, up from its Feb. 28 forecast of $260 million to $270 million. Analysts polled by Thomson Reuters on average were expecting full-year revenue of $270.61 million. Operating margin forecasts for the year were unchanged at roughly breakeven.

For the current quarter, the company predicted revenue of between $61 million and $63 million, versus the average analyst estimate of $61.65 million. Splunk predicted second-quarter operating margin of between negative 4% and negative 6%.

For the first-quarter ended April 30, Splunk posted in-line loss per share of 6 cents on a 54% year-over-year increase in revenue to $57.2 million. The consensus revenue target on Wall Street was $54.03 million.

During the first quarter, Splunk signed more than 350 new enterprise customers, ending the quarter with about 5,600 customers worldwide.

Written by Andrea Tse in New York

>To contact the writer of this article, click here: Andrea Tse.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SPLK $63.74 2.13%
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%
TSLA $205.27 -0.74%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs