Technology

Piper Sandler: Raised Zoom (NASDAQ:ZM) price target to $78 from $75 with maintain a neutral rating

/ / Technology / ,

Piper Sandler analyst James Fish raised its price target on Zoom (NASDAQ:ZM) to $78 from $75 and maintained a neutral rating on the stock. The analyst told investors in a research note that fourth-quarter sales results were slightly above plan as Zoom continued to find some stability in its online customer base and key product areas such as Zoom Phone and Zoom Contact Center continued to see strong adoption. Analysts said that while bears will point out that leading metrics will continue to decelerate, with revenue growth of just 1% in fiscal 2024, Zoom’s 2024 margins remain higher than expected and even adjusted for announced layoffs.

Piper Sandler: Raised Zoom (NASDAQ:ZM) price target to $78 from $75 with maintain a neutral rating Read Post »

SplunK(NASDAQ:SPLK) Q4 2023 revenues of $1.251 billion, up 39% year-over-year

/ / Technology /

March 1, 2023 – Splunk Inc. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced results for its fiscal fourth quarter and full year ended January 31, 2023. Splunk Inc. (NASDAQ: SPLK) reported fiscal Q4 net income per diluted share was $1.44,Analysts surveyed by Capital IQ expected $0.13 a share. Revenue for the quarter ended Jan. 31 was $1.25 billion, Analysts polled by Capital IQ expected $1.07 billion. For fiscal Q1 2024, which ends on April 30, revenue is expected to be between $710 million and $725 million versus consensus estimates of $803.4 million. For fiscal 2024 ending on January 31, 2024, the company expects revenue in the range of $3.85 billion and $3.9 billion versus consensus estimates of $4.01 billion. Fourth Quarter 2023 Financial Highlights Total revenues were $1.251 billion, an increase of 39% year-over-year. GAAP operating margin was 21.3%; Non-GAAP operating margin was 37.9%。 GAAP net income was $269

SplunK(NASDAQ:SPLK) Q4 2023 revenues of $1.251 billion, up 39% year-over-year Read Post »

Scroll to Top