![]() ![]() Splunk stock has risen about 120% since Merritt became CEO, compared with 125% growth in the S&P 500 index over the same period. Here are Wednesday’s biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more. ![]() Splunk reported $605.7 million in quarterly revenue in August, up 23% year over year, while cloud revenue, at $217.4 million, was up 73%. A couple who say that a company has registered their home as the position of more than 600 million IP addresses are suing the company for 75,000. Other enterprise software companies, such as Adobe, Autodesk and Microsoft have gone through similar adjustments. The CEO transition is "an additional concern" the company is dealing with, on top of risks such as increasing competition from public cloud providers, entry into the observability market and the ongoing business model evolution, KeyBanc analysts led by Michael Turits, who have the equivalent of a hold rating on Splunk stock, wrote in a note distributed to clients.ĭuring Merritt's tenure Splunk has been shifting more toward providing its software as a cloud service, which has impacted revenue and operating margins. Smith is a former chief financial officer of Salesforce who joined Splunk's board in 2011. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced its upcoming participation at the BofA Securities 2023 Global Technology. Merritt joined Splunk as a senior vice president in 2014 after stints at Cisco, PeopleSoft and SAP, and in 2015 he replaced Godfrey Sullivan as Splunk's CEO, who had taken the company public in 2012. The leadership change creates more uncertainty for a company working to become viewed more like a cloud company than a seller of more traditional on-premises software. Personal Loans for 670 Credit Score or Lower Provide the latest Splunk(SPLK) market data, including prices, cycle charts, basic information and real-time news information, financial analysis, company. Personal Loans for 580 Credit Score or Lower Hargreaves Lansdown is not responsible for an articles content and its accuracy. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a web-style interface. ![]() Best Debt Consolidation Loans for Bad Credit Newsroom articles are published by leading news agencies. ![]()
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