Splunk Shares Hit A New High! 

Expect Further Upwards Movement!
Mentorship Members Up 464% and Armchair Members 200%!

by Ian Harvey
February 21, 2020


Splunk shares hit a new high yesterday at $175.26; and is expected to continue its upward momentum.

 Using a CALL OPTION “Armchair Trader Members” up 200% potential profits; and

“Mentorship Members” are up 464% potential profit in less than 3 weeks!

And, for those traders on the sidelines, there is still time to take advantage of this growth!

Splunk Inc. (NASDAQ:SPLK)

Splunk stock price hit a new 52-week high on Thursday. The company traded as high as $175.26.08 and closed trading for the day at $173.41, with a volume of 1468086 shares traded. The stock had previously closed at $174.17.

Splunk shares, the maker of software that helps companies collect and analyze internal data, has gained approximately 10.00% in the past month. In that same time, the Computer and Technology sector gained 2.81%, while the S&P 500 gained 1.43%.

The data analytics software provider Splunk, delivering usable insights into digital systems -- everything from websites and apps to servers and mobile devices, has done quite well since reporting earnings on November 21.

The company is a pioneer in the field of providing software that helps organizations search, correlate, analyze, monitor and report on data in real time.

Our Profits on Splunk Shares.....

“Armchair Trader Members” are now up 200% potential profit after executing a SPLK FEB 21 2020 155.000 OPTION CALL on December 03, 2019. This option will expire on February 21, 2020.

Also, “Mentorship Members” are up 464% potential profit, in a short time-frame of less than 3 weeks, with a SPLK FEB 21 160.000 OPTION CALL, executed on January 30, 2020.


Analyst Upgrade on Snap.....

Last Friday, Snap was upgraded to a buy from neutral by UBS analyst Eric Sheridan, who also raised his price target on Snap stock to $24, from $16. Sheridan cited expectations of strong revenue growth.

"We see Snap exiting 2019 with positive business momentum in terms of both ad revenue and user growth and expect such momentum to persist in 2020," Sheridan wrote in a note to clients. "We see a renewed management team focused on driving a mix of user growth (especially the Android refresh) and ad monetization that could produce multiyear revenue growth even above our newly raised forecasts."

Positive Factors for Splunk Shares…..

Splunk shares gained after RBC analyst Matthew Hedberg pointed out that the company likely won a large deal with the Department of Defense.

In a contract announcement dated February 10, the DoD revealed an Enterprise Software Initiative blanket purchase agreement and named Splunk as the software publisher under the agreement.

"The BPA provides for the purchase of Splunk products and services by the DoD, U.S. intelligence community, and the Coast Guard. The overall potential value of this category of BPAs is $820,450,000. The ordering period will be for a maximum of 10 years from Feb. 10, 2020, through July 13, 2029."

Splunk recently acquired cloud monitoring company SignalFX for $1.05 billion, which is estimated to could contribute $84 million to revenue next year.

Splunk also changed some of its financial reporting, providing more clarity on its organic growth and other business metrics.

Splunk added 450 new enterprise customers in the reported quarter. The company had 134 orders greater than $1 million in total contract value, up 21% from 111 last year.

Splunk unveiled its Data-to-Everything Platform in the third quarter including new products such as Data Fabric Search (DFS), Data Stream Processor (DSP) and Splunk Mission Control.

Additionally, the company also announced new versions of Splunk Enterprise 8.0 and Splunk Enterprise Security 5.0, designed to process massive scale to data in any form.

Splunk announced the acquisition of Omnition, a stealth-mode SaaS company that is innovating in distributed tracing and improving monitoring across micro-services applications.

The company also announced acquisition of the open source distributed messaging leader Streamlio. Management expects that the acquisition will help accelerate Splunk’s real-time stream processing.

Earnings for Splunk Shares.....

Splunk is expected to report its next earnings results after the market closes on Wednesday, March 4th. Equities analysts expect Splunk to report $0.96 earnings per share for the current quarter.

For fourth-quarter fiscal 2020, Splunk expects revenues of roughly $780 million. Non-GAAP operating margin is likely to be 23%.

Management expects that the elimination of perpetual licenses will increase renewable mix to 99% in the fourth quarter and high 90% for fiscal 2020.

For fiscal 2020, Splunk anticipates revenues of almost $2.35 billion, up from the previous guidance of $2.3 billion. The company maintains its non-GAAP operating margin target of 14%.

The company now expects operating cash outflow for the remainder of the fiscal year. Splunk projects operating cash outflow of $300 million for fiscal 2020.

Previous Earnings.....

Splunk last issued its earnings results on Thursday, November 21st. The software company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04.

The business had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $605.20 million.

During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year.

Join us today and see what  future trades will be recommended!

Analysts’ Seem Positive.....

Splunk shares had its price objective increased by Mizuho from $160.00 to $175.00 in a report released Thursday morning, last week. Mizuho currently has a buy rating on the software company’s stock.

Several other equities analysts have recently commented on the Splunk shares…..

  • Wells Fargo & Co upped their target price on Splunk from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th.
  • UBS Group reiterated a “buy” rating and issued a $176.00 target price on shares of Splunk in a report on Monday, January 13th.
  • Goldman Sachs Group upgraded Splunk from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $180.00 in a report on Monday, December 2nd.
  • DA Davidson initiated coverage on Splunk in a report on Wednesday, November 27th. They issued a “buy” rating for the company.
  • Finally, Morgan Stanley upped their target price on Splunk from $169.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 13th.


Is It Too Late To Get In On Splunk Options Trade?

How High Can Splunk Share Price Go?

Do You Wish To Be Part Of This Action?

For answers, join us here at Stock Options Made Easy, and get the full details on the next trade.

Find out today and enjoy the profits!


An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.

It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!

Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


”Success is simple. Do what's right, the right way, at the right time.”

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Options traders win because they are successful.

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