Company profile

Ticker
SPLK
Exchange
Website
CEO
Douglas Merritt
Employees
Location
Fiscal year end
SEC CIK
IRS number
861106510

SPLK stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

26 Mar 20
27 May 20
31 Jan 21

News

Company financial data Financial data

Quarter (USD) Jan 20 Oct 19 Jul 19 Apr 19
Revenue 791.18M 626.34M 516.56M 424.85M
Net income -22.73M -57.64M -100.87M -155.43M
Diluted EPS -0.14 -0.38 -0.67 -1.04
Net profit margin -2.87% -9.20% -19.53% -36.58%
Operating income -7.77M -47.49M -86.9M -144.99M
Net change in cash -94.82M -798.54M -163.22M -40.94M
Cash on hand 778.65M 873.47M 1.67B 1.84B
Cost of revenue 127.84M 107.82M 98.31M 95.82M
Annual (USD) Jan 20 Jan 19 Jan 18 Jan 17
Revenue 2.36B 1.8B 1.27B 949.96M
Net income -336.67M -275.58M -190.22M -347.46M
Diluted EPS -2.22 -1.89 -1.36 -2.59
Net profit margin -14.27% -15.28% -14.97% -36.58%
Operating income -287.14M -251.17M -185.41M -336.1M
Net change in cash -1.1B 1.33B 124.6M -3.2M
Cash on hand 778.65M 1.88B 545.95M 421.35M
Cost of revenue 429.79M 344.68M 256.41M 191.05M

Financial data from Splunk earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
22 May 20 St. Ledger Susan Common Stock Sell Dispose S 174.95 2,047 358.12K 210,995
21 May 20 Morgan Scott Common Stock Sell Dispose S 165 1,724 284.46K 88,114
20 May 20 St. Ledger Susan Common Stock Sell Dispose S 163.19 2,047 334.05K 213,042
12 May 20 Emanuelson Timothy Common Stock Sell Dispose S 160 100 16K 25,427
12 May 20 Emanuelson Timothy Common Stock Sell Dispose S 159.24 200 31.85K 25,527
12 May 20 Emanuelson Timothy Common Stock Sell Dispose S 157.25 100 15.73K 25,727
12 May 20 Emanuelson Timothy Common Stock Sell Dispose S 156.61 263 41.19K 25,827
11 May 20 Smith Graham Common Stock Sell Dispose S 160 500 80K 43,179
92.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 595 633 -6.0%
Opened positions 68 141 -51.8%
Closed positions 106 67 +58.2%
Increased positions 219 215 +1.9%
Reduced positions 227 186 +22.0%
13F shares
Current Prev Q Change
Total value 242.71B 315.99B -23.2%
Total shares 146.93M 147.03M -0.1%
Total puts 2.61M 4.23M -38.4%
Total calls 2.5M 3.98M -37.2%
Total put/call ratio 1.0 1.1 -1.8%
Largest owners
Shares Value Change
N Price T Rowe Associates 24.43M $3.08B -8.0%
Vanguard 14.58M $1.84B +2.8%
BLK BlackRock 9.85M $1.24B +9.2%
Jennison Associates 6.57M $829.17M +7.8%
Wellington Management 6.06M $764.62M +0.4%
Primecap Management 5.63M $710.34M -7.8%
Clearbridge Advisors 4.85M $611.61M +0.9%
STT State Street 3.32M $418.95M +3.0%
IVZ Invesco 3.15M $397.56M +24.0%
Pictet Asset Management 2.81M $354.51M -12.0%
Largest transactions
Shares Bought/sold Change
N Price T Rowe Associates 24.43M -2.14M -8.0%
Norges Bank 0 -1.38M EXIT
Alliancebernstein 1.63M +1.11M +212.7%
UBS UBS 759.17K -969.04K -56.1%
JPM JPMorgan Chase & Co. 1.7M +910.47K +115.3%
BLK BlackRock 9.85M +826.93K +9.2%
Jericho Capital Asset Management 0 -692K EXIT
C Citigroup 866.16K +660.77K +321.7%
IVZ Invesco 3.15M +608.95K +24.0%
CMTDF Sumitomo Mitsui Trust 2.23M +597.31K +36.6%

Financial report summary

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Competition
IntelCAOracle SystemsMicrosoftBMC SoftwareNetScout SystemsVmwareOracleNew RelicDatadog
Risks
  • If we fail to successfully manage our business model transition, our operating results could be negatively impacted.
  • Our future operating results may fluctuate significantly and our operating results may not be a good indication of future performance.
  • If we fail to effectively manage our growth, our business and operating results could be adversely affected.
  • The recent global COVID-19 outbreak could harm our business and results of operations.
  • We face intense competition in our markets, and we may be unable to compete effectively against our current and future competitors.
  • If our new and existing offerings and product enhancements do not achieve sufficient market acceptance, our financial results and competitive position will suffer.
  • If customers do not expand their use of our offerings beyond the current predominant use cases, our ability to grow our business and operating results may be adversely affected.
  • Our business and growth depend substantially on customers entering into, renewing, upgrading and expanding their term licenses, agreements for cloud services and maintenance and support agreements with us. Any decline in our customer renewals, upgrades or expansions could adversely affect our future operating results.
  • If we or our third-party service providers experience a security breach or unauthorized parties otherwise obtain access to our customers’ data, our data, or our cloud services, our offerings may be perceived as not being secure, our reputation may be harmed, demand for our offerings may be reduced, and we may incur significant liabilities.
  • We employ multiple, unique and evolving pricing models, which subject us to various pricing and licensing challenges that could make it difficult for us to derive value from our customers and may adversely affect our operating results.
  • We increasingly rely on third-party providers of cloud infrastructure services to deliver our offerings to users on our platform, and any disruption of or interference with our use of these services could adversely affect our business.
  • Failure to protect our intellectual property rights could adversely affect our business and our brand.
  • We have been, and may in the future be, subject to intellectual property rights claims by third parties, which are extremely costly to defend, could require us to pay significant damages and could limit our ability to use certain technologies.
  • We have a history of losses, and we may not be profitable in the future.
  • Splunk Cloud, as well as cloud services for other products, require costly and continual infrastructure investments, and market adoption of these cloud services could adversely affect our business.
  • Our sales cycle is long and unpredictable, particularly with respect to large customers, and our sales efforts require considerable time and expense.
  • Our international sales and operations subject us to additional risks and challenges that can adversely affect our business operations and financial results.
  • If we are unable to maintain successful relationships with our partners, and to help our partners enhance their ability to independently sell and deploy our offerings, our business operations, financial results and growth prospects could be adversely affected.
  • Our sales to public sector customers are subject to a number of additional challenges and risks.
  • Prolonged economic uncertainties or downturns could materially adversely affect our business.
  • Incorrect or improper implementation or use of our software could result in customer dissatisfaction, customer data loss or corruption and negatively affect our business, operations, financial results and growth prospects.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls.
  • If we are not able to maintain and enhance our brand, our business and operating results may be adversely affected.
  • Real or perceived errors, failures or bugs in our offerings could adversely affect our financial results and growth prospects.
  • Our future performance depends in part on proper use of our community website, Splunkbase, expansion of our developer ecosystem, and support from third-party software developers.
  • If poor advice or misinformation is spread through our community website, Splunk Answers, users of our offerings may experience unsatisfactory results from using our offerings, which could adversely affect our reputation and our ability to grow our business.
  • Our use of “open source” software could negatively affect our ability to sell our offerings and subject us to possible litigation, and our participation in open source projects may impose unanticipated burdens or restrictions.
  • We are subject to a number of legal requirements, contractual obligations and industry standards regarding security, data protection, and privacy and any failure to comply with these requirements, obligations or standards could have an adverse effect on our reputation, business, financial condition and operating results.
  • If we are unable to attract and retain leadership and key personnel, our business could be adversely affected.
  • We have in the past made and may in the future make acquisitions that could prove difficult to integrate and/or adversely affect our business operations and financial results.
  • Natural disasters and other events beyond our control could harm our business.
  • We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.
  • Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
  • Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, value added or similar taxes, and we could be subject to liability with respect to past or future sales, which could adversely affect our financial results.
  • We could be subject to additional tax liabilities.
  • Our financial results may be adversely affected by changes in accounting principles applicable to us.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt.
  • Conversion of the Notes may dilute the ownership interest of our stockholders or may otherwise depress the price of our common stock.
  • The conditional conversion feature of the Notes, if triggered, may adversely affect our financial condition and operating results.
  • The accounting method for convertible debt securities that may be settled in cash, such as the Notes, could have a material effect on our reported financial results.
  • The Capped Calls may affect the value of our common stock.
  • We are subject to counterparty risk with respect to the Capped Calls.
  • Our stock price has been volatile, may continue to be volatile and may decline regardless of our financial performance.
  • The requirements of being a public company and a growing and increasingly complex organization may strain our resources, divert management’s attention and affect our ability to attract and retain executive management and qualified board members.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
Management Discussion
  • The increase in license revenues was primarily driven by our total number of customers, sales to existing customers and the number of large orders. Maintenance and services revenues are primarily driven by sales of our maintenance agreements, sales of our cloud services, as well as sales of our professional services resulting from the growth of our installed customer base.
  • Total revenues increased $555.9 million, or 30.8%, primarily due to the following:
  • Total cost of revenues increased $85.1 million or 24.7%. License cost of revenues increased $1.6 million, or 7.1%, due to an increase in amortization expense related to acquired intangible assets. Maintenance and services cost of revenues increased $83.5 million, or 25.9%, primarily due to the following:
Content analysis ?
Positive
Negative
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
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