Splunk has had a rough 2020 as its transition from on-premise offerings to a subscription-based cloud data monitoring model has resulted in the company witnessing a string of poor results. The Covid-19 pandemic was an important factor driving the company towards this model. Shareholder confidence in the stock is weak as it meanders close to a 52-week low and faces competition from giants like IBM and Cisco. The recent result came as a bit of a relief for Splunk investors as the company managed to surpass Wall Street expectations and came up with further enhancements to Splunk Cloud and Splunk Enterprise to strengthen the company’s Data-to-Everything Platform service. The company’s new observability platform to help developers measure the performance and health of their systems and applications appears to be an interesting offering. We see turnaround potential in Splunk with the transition taking place and give it a ‘Buy’ rating at the current lows.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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