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Splunk (SPLK, $165.07) posts Q3 widening loss
Software company Splunk reported a fiscal-third-quarter loss.
For the quarter ended Oct. 31, Splunk’s loss widened to -$1.26 a share, from the year-ago quarter’s -38 cents a share.
On an adjusted basis, Splunk had a loss of -7 cents a share, compared to analysts’ expectations of loss of -9 cents share.
Looking ahead, the company is expecting fiscal-fourth-quarter revenue in the range of $650 million to $700 million. Analysts polled by FactSet were expecting $777.9 million.
SPLK's RSI Oscillator ascends from oversold territory
The RSI Indicator for SPLK moved out of oversold territory on May 12, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In 26 of the 30 cases the stock moved higher. This puts the odds of a move higher at 87%.
Current price $96.35 crossed the support line at $106.60 and is trading between $106.60 support and $22.86 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -32% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +7% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 43 of 52 cases where SPLK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 83%.
Following a +15.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPLK advanced for three days, in 258 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
SPLK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
SPLK moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for SPLK crossed bearishly below the 50-day moving average on April 28, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 60%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPLK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 69%.
The Aroon Indicator for SPLK entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 74%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.36.
The Tickeron Profit vs. Risk Rating rating for this company is 72 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPLK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 84 (best 1 - 100 worst), indicating slightly worse than average price growth. SPLK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (73.529) is normal, around the industry mean (16.471). P/E Ratio (0.000) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.591). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (6.154) is also within normal values, averaging (124.500).
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.95%. For the same Industry, the average monthly price growth was -15.5%, and the average quarterly price growth was -24.68%. GBUX experienced the highest price growth at 95.45%, while SGNI experienced the biggest fall at -97.03%.
- 4/22/22 6:40 AM: Splunk (SPLK, $125.86) was a top loser this week, declining -8.64%
- 4/8/22 4:30 AM: Splunk (SPLK, $136.12) was a top loser this week, declining -8.4%
- 3/12/22 8:06 AM: Splunk (SPLK, $122.17) was a top loser this week, declining -5.34%
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 30%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.15.
8 stocks in the group of tickers confirmed the positive outlook based on the Volume indicator with average odds of 79%.
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), SERVICENOW (NYSE:NOW), Block (NYSE:SQ), Workday (NASDAQ:WDAY), VMware (NYSE:VMW), Splunk (NASDAQ:SPLK), Zillow Group (NASDAQ:Z), Juniper Networks (NYSE:JNPR).
The average market capitalization across the group is 12.4B. The market cap for tickers in the group ranges from 8.8M to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is MTC at 8.8M.
The average weekly price growth across all stocks in the group was -0.07%. For the same group, the average monthly price growth was -15.77%, and the average quarterly price growth was -32.7%. TZOO experienced the highest price growth at 18.98%, while DTSS experienced the biggest fall at -29.77%.
- 5/14/22 4:23 AM: Zillow Group (ZG, $40.14) was a top weekly gainer, with a +7.41% jump
- 5/14/22 4:23 AM: Zillow Group (Z, $40.56) was a top weekly gainer, with a +6.6% jump
- 5/12/22 5:38 AM: Amdocs (DOX, $76.97) was a top loser this week, declining -5.19%
The average weekly volume growth across all stocks in the group was -64.46%. For the same stocks of the group, the average monthly volume growth was -27.48% and the average quarterly volume growth was -39.23%
- 5/14/22 4:16 AM: The volume for ServiceSource International stock increased for one day, resulting in a record-breaking daily growth of 213% of the 65-Day Volume Moving Average
- 5/14/22 4:16 AM: The volume for Switch stock increased for two consecutive days, resulting in a record-breaking daily growth of 281% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for Switch stock increased for one day, resulting in a record-breaking daily growth of 359% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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