Splunk’s Upcoming Q4 Earnings Preview
<p>RBC Capital provided its views on <a href='https://financialmodelingprep.com/financial-summary/SPLK'>Splunk Inc. (NASDAQ:SPLK)</a> ahead of the company’s upcoming Q4 results, expected to be announced on Friday.</p>
<p>The analysts expect essentially in-line results as the focus should be on fiscal 2024 cash flow, versus street expectations of operating cash flow (OCF) growth of 18%.</p>
<p>For Q4, the analysts expect results and the outlook to reflect continued near-term license strength with some headwinds to cloud ARR as they are generally below consensus. (1) ARR vs. consensus at $3.65 billion, up 17% year-over-year, (2) Cloud ARR vs. consensus at $1.782 billion, up 33% year-over-year, (3) revenue vs. guidance at $1.055-1.085 billion and consensus at $1.075 billion, up 19% year-over-year.</p>
<p>The analysts raised their price target on the stock to $120 from $110 while reiterating their Outperform rating. </p>

NASDAQ:SPLK