For the quarter, the software company reported earnings of 1 cent a share, while analysts surveyed by Thomson Reuters expected a loss of -2 cents a share. Revenue grew 51.8% from the year-ago quarter to $101.54 million, beating analysts' estimates of $93.93 million.
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 multiple weaknesses, 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, weak operating cash flow, 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 Ratings Report
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