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NEW YORK (TheStreet) -- Splunk (SPLK) - Get Free Report  reported higher-than-expected 2017 second quarter results of 5 cents per share and $212.8 million in revenue after today's closing bell. 

Wall Street was looking for earnings of 3 cents per share and $200.5 million in revenue for the quarter. 

For the 2016 second quarter, the company reported earnings of 3 cents per share and $148.3 million in revenue. 

In the 2017 second quarter, Splunk said it added more than 500 new enterprise customers, including Priceline (PCLN) and Subway.

Splunk forecasts 2017 third quarter revenues to be in the range of $228 million to $230 million, while analysts are looking for $228.87 million. 

Full-year revenue is now projected to be between $910 million and $914 million, compared to its prior estimates of $892 million and $896 million. Wall Street forecasts 2017 revenue to be $897.49 million.

Shares of Splunk were falling in after-hours trading on Thursday. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate SPLUNK INC as a Sell with a ratings score of D. This is driven by a number of negative factors, 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: SPLK

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