The Latest Breaking News from Splunk Inc

The software industry is booming thanks to AI and blockchain integration, soaring demand for cybersecurity, the rise of IoT, and widespread cloud adoption. Hence, I think fundamentally sound software stocks New Relic (NEWR), Splunk (SPLK), and DocuSign (DOCU) might be solid buys to capitalize on the industry’s tailwinds. Keep reading.

With the growing demand amid rapid digitization, the software industry is poised to witness solid long-term growth. Hence, fundamentally strong software stocks Splunk (SPLK), Informatica (INFA), and MiX Telematics (MIXT) might be worth buying. Keep reading.

Last week, Splunk Inc (NASDAQ: SPLK) held its annual conference, during which it made several products and partner announcements. 

Splunk Inc. (NASDAQ: SPLK) shares are trading lower Monday alongside several companies in the broader technology sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Analysts lauded Splunk Inc (NASDAQ: SPLK) pos

Splunk Inc (NASDAQ:SPLK) reported first-quarter FY23 revenue growth of 34.3% year-over-year to $674.08 million, beating the consensus of $628.75 million. Cloud revenue was $323 million (+66% Y/Y). Cloud Dollar-Based Net Retention Rate was 130%. 329 customers with cloud ARR greater than $1 million (+62% Y/Y). The gross margin expanded by 425 bps…

Private-equity firm Hellman & Friedman LLC acquired a 7.5% stake in Splunk Inc (NASDAQ:SPLK) worth about $1.4 billion. The Wall Street Journal reports that Hellman & Friedman started buying the stake in mid-late December after Splunk shares plunged when the company's former CEO resigned following several quarters of disappointing results.  The stake would make Hellman & Friedman…

Splunk Inc (NASDAQ: SPLK) is trading higher Thursday after the company reported better-than-expected financial results and issued guidance above estimates. 

BTIG upgraded its rating on Splunk Inc (NASDAQ: SPLK) as recent channel checks were "improving," and the company was "turning a corner with its cloud product and observability platform."