FMP
May 27, 2022 10:39 AM - Davit Kirakosyan
Splunk Inc. (NASDAQ:SPLK) shares closed more than 9% higher on Thursday following the company’s reported Q1 results, with EPS coming in at ($0.32), better than the Street estimate of ($0.74). Revenue was $674 million, compared to the Street estimate of $628.75 million.
Better-than-expected quarterly results were driven by strong license revenue and consistent cloud growth. The strong license outperformance was driven by multiple large deals, and cloud revenue growth was driven by broad-based adoption of Splunk's cloud platform.
Oppenheimer analysts expect some near-term margin pressure as cloud becomes a larger part of the revenue mix, but noted they are encouraged by the company's consistent execution. Longer-term, the analysts remain bullish and believe the company extends its strong security leadership into new growth opportunities including ITOps and Observability.
The company expects Q2/23 revenue to be $735-755 million, compared to the consensus estimate of $737 million. Full 2023-year revenue is expected to be $3.3-3.35 billion, compared to the consensus estimate of $3.27 billion.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...