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Splunk Inc. (SPLK) is expected to report a quarterly loss of 14 cents a share on sales of $395.8 million after the close of the market on Thursday, based on a FactSet survey of 35 analysts.

In the same period a year ago, the company posted a loss of 7 cents a share on sales of $311.6 million.

The stock has risen 1.8% since the company last reported earnings on Feb. 28.

Quarterly estimates have fallen less than 1 cent a share in the past month.

Splunk is currently trading at a price-to-forward-earnings ratio of 73.6 based on the 12-month estimates of 38 analysts surveyed by FactSet.

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Splunk shares fell $2.15, or 1.55%, to $136.12 Wednesday.

In the broader cloud computing sector stocks were mixed Wednesday. 

Equinix shares (EQIX) rose $9.54, or 1.97%, to $493.99.  ANGI Homeservices shares (ANGI) fell 29 cents, or 1.95%, to $14.61.

The Global X Cloud Computing ETF (CLOU) rose 3 cents, or 0.19%, to $15.51. The First Trust Cloud Computing ETF (SKYY) rose 8 cents, or 0.14%, to $59.16.

Splunk Inc. is one of the companies Jim Cramer and the Action Alerts Plus team are keeping an eye on. Please click here to find out more about why Jim and his team are thinking about the stock, or to be alerted if they add it to the portfolio.

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