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Splunk Inc - Stock Quote SPLK

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Morningstar's Splunk Inc Stock Analysis

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Is it the right time to buy or sell?

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Splunk Keeps Positive Momentum as Cloud Transition Remains Strong; Maintain FVE; Shares Undervalued

Analyst Note

| Malik Ahmed Khan |

We are maintaining our $175 fair value estimate for narrow-moat Splunk as the firm kicked off fiscal 2023 with financial results above our estimates due to strength in the cloud transition. Our bullish thesis is underscored by our belief that Splunk will continue to benefit from secular tailwinds across its end-markets and that the firm’s sticky product portfolio and entrenchment in its clients’ systems will allow it to deliver shareholder value.

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Key Statistics - SPLK

Splunk Inc's Company Profile

Business Description

Splunk is a cloud-first software company that focuses on analyzing machine data. The company is a major player in two markets: security and full-stack monitoring & analysis. Splunk is currently undergoing a cloud transition as the company weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The firm’s top line consists of the sale of software licenses, cloud subscriptions, and maintenance and support.

270 Brannan Street
San Francisco, CA, 94107
T +1 415 848-8400
Industry Software - Infrastructure
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 31, 2023
Stock Type Speculative Growth
Employees 7,000

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