SPLK, followed here in the past, is up about 10% on a great earnings report with a beat on revenues and earnings as well as raised guidance for the year:
It’s transition to a subscription model appears successful and is almost complete. This transition had put pressure on the stock but seems to have been a buying opportunity.
YOY revenue growth in the last quarter was 30%. There has been some gradual slowing as expected as SPLK grows. It’s trading at an EV/S of 8.8 based on this year’s expected revenues.
It’s not a hyper growth stock at this stage but may be settling into still strong but hopefully more reliable growth. Here’s a bullish longer term perspective on SA:
I’ve been a longer term holder.