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Splunk Inc. (SPLK)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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As of 10:22AM EDT. Market open.
3,988 reactions on $SPLK conversation
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just waiting for earnings this week. if they show continued solid growth, and the share price does not move much, I'll be buying more. I think SPLK is undervalued.
Earnings will be scary
Sellers keep destroying share prices. I NEED A STOCK WHERE THE SELLING IS CONTAINED. I have to protect my profits in SPLK. Unlike all the overpriced high-flyers that will continue to fall and devalue, this undiscovered $5.00 gem has fast rising revenues, undervaluation, NO SELLERS, and a breakthrough cybersecurity solution that is spreading fast. ATDS is also quickly becoming a buyout target.
SPLK market cap now roughly where it was in March 2018. At that time, SPLK had ~$1.4 billion in annual revenues. Fast forward to today, and they have shifted to a subscription model with $3 billion in ARR, 20% top line growth projections (maybe for several more years), and now just turning OCF and FCF positive (though inflation might take some wind out of this). I would say this is now in "value territory". I'm building my holdings. Would be pretty bullish from this point. If interest rates rise further and there is more sell-off, I'll buy then too.
Have you guys ever heard of (
)? The picks on there are way better than SPLK
Stock has lost $45 since beginning of the month, like so many others, but will be back to $150 range by EOY. .
Splunk (SPLK) Stock: $165 Price Target And Buy Rating
Down almost 10% pre-earnings. What is the market expecting here? A total meltdown? They sell enterprise software subscriptions for mission critical applications on multi-year contracts. I'll be SPLK is more resilient than people think. But lets wait and see. Personally I'm waiting for another 50 basis point interest rate increase that causes another market sell-off. Then I'm going all-in on this.
ER will take care of the price, back to $122
AMZN, MSFT, IMB etc. all posted solid numbers for their cloud businesses. This would imply that SPLK customers are still spending, and I would not expect much by ways of any revenue slowdown. Also, I would assume that SPLK has significant pricing power with its subscriptions given their "mission critical" profile. I'm long on this company and think that revenue growth will remain strong for years to come.
Now I'm worried that SPLK will get taken private so that I can't enjoy the long climb after suffering through their business model transition.
Well...I have to admit I'm surprised with this sell-off. Perhaps I significantly underestimated the impact of interest rate increases. Still holding onto my SPLK shares, now at a nice loss. Have been thinking of loading up some more as I believe the overall growth story for this business remains intact. However, after days of just pounding losses each day it is hard to know where the bottom will be. Will just have to endure it.
Changing name to Sunk
Can’t believe this site just gave me a 43% winner. (
They just featured SPLK on this sites morning watchlist. (
Down 7% today...but no news. Ouch. Maybe I should wait for another 1-2 interest rate hikes before building this position further? Hard to time this.
SPLK is now down ~27% over the last 5 trading days. All this with no real news about the company, only general market sell-offs. Frustrating.
I am one of the ones who sold a while ago when this tanked down to $120 ish, on its original drop a year ago.
Having said that, is this a buy now, or a value trap? It looks tempting to get back in.
@ValueGuy is this a buying point or should we wait till it drops below 100?
This is where you can still buy homes in Canada for under $200,000
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