Splunk (SPLK) Increases Despite Market Slip: Here's What You Need to Know

Group 1 - Splunk's stock closed at $154.50, with a slight increase of +0.05% from the previous day, outperforming the S&P 500's decline of 1.37% [1] - Over the past month, Splunk's shares have gained 1.16%, while the Computer and Technology sector and the S&P 500 have increased by 8.88% and 5.1%, respectively [1] - Analysts expect Splunk to report earnings of $1.87 per share on February 27, 2024, reflecting a year-over-year decline of 8.33%, with revenue projected at $1.25 billion, a 0.28% increase from the previous year [1] Group 2 - Recent modifications to analyst estimates for Splunk indicate evolving short-term business trends, with positive revisions reflecting analysts' confidence in the company's performance [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Splunk holding a Zacks Rank of 3 (Hold) with no changes in the consensus EPS estimate over the last 30 days [2] Group 3 - Splunk is currently trading at a Forward P/E ratio of 31.42, which is lower than the industry average of 33.08, suggesting a comparative discount [3] - The company has a PEG ratio of 1.06, while the industry average PEG ratio is 1.75, indicating favorable valuation metrics [3] - The Internet - Software industry, which includes Splunk, has a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [3]