
Splunk Inc (NASDAQ:SPLK) clocked 32% revenue growth in Q2, topping the consensus. Adjusted EPS of $0.09 beat the consensus.
RBC Capital analyst Matthew Hedberg maintained Outperform and cut the price target from $143 to $139. Splunk delivered a mixed quarter where macro headwinds led some customers to delay cloud transition or expansions, resulting in lower total and cloud ARR, he noted.