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Highlights
- Splunk Inc. (NASDAQ:SPLK) stock rose 6.57% after announcing a partnership with Papa Johns to advance the pizza delivery company’s digital experience and performance.
- The company went public in 2012 and currently has around 6500 employees.
- The SPLK stock fell 32.36% in one year as of its closing price on February 11, 2022.
Software company Splunk Inc. (NASDAQ:SPLK) stock rose 6.57% on Monday after it announced a partnership with Papa John’s International, Inc. (NASDAQ:PZZA) to boost its digital business.
The California-based company provides the Splunk Cloud Platform to clients to optimize their digital presence. On Valentine’s Day, the company announced a partnership with the pizza delivery company Papa John’s to help bolster its digital experience and performance.
The SPLK stock was up 6.57% to US$122.035 at 10:09 am ET, while Papa John's (PZZA) shares traded at US$116.315, up 0.37% gain at 11:04 am ET.
Papa John’s said it will use the Splunk Cloud Platform to enhance the visibility of its more than 3000 stores in North America. The Indiana-based firm operates in more than 50 countries.
Papa John's expects its partnership with Splunk would help gain real-time insights to efficiently meet the increased demand while improving operations to enhance customer experience.
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Splunk Inc is a cloud-first software company. It helps analyze machine data, full-stack monitoring & analysis, and offer online security solutions.
The company will declare its fourth quarter and full-year results on March 2, 2022.
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Splunk Financials
For the nine months ended October 31, 2021, its total revenue was US$1.77 billion compared to US$1.48 billion in the same period last year. Its highest revenue came from the Cloud Service segment at US$654 million, followed by license and maintenance and service segments.
Splunk incurred a net loss of US$1.2 billion or US$7.38 per share diluted for the first nine months in 2021. It was primarily due to increased operating and interest expenses and reduced interest income. In the corresponding period of the previous year, the net loss was US$768 million or US$4.83 per share diluted.
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The company’s debt to equity ratio is 1742.09%, as per Refinitive, showing relatively high debts, which may impact the company’s future earnings.
Although its revenue has been increasing in the last five years except with a slight dip in 2020, the net loss has also risen. Its loss per share diluted increased to US$5.68 in FY 2021 from US$2.22 in FY 2020.
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Splunk’s current market capitalization is US$19.3 billion. The SPLK stock traded in the range of US$176.66 to US$105.45 in the last 52 weeks.
Splunk is transitioning its on-premises customers to its cloud platform, which offer software-as-a-service (SaaS). The company went public in 2012 and now has around 6500 employees.
Bottomline
SPLK stock fell approximately 32.36% in one year. It closed at US$114.51 on February 11, 2022. However, investors should carefully evaluate the companies before investing in stocks.
