Splunk Inc (SPLK)

Splunk Inc (SPLK)

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Splunk Inc (SPLK) Profile

Market Cap 17.892 Billion USD Number of Employees: 4,000 Splunk Inc. was established by Michael Baum, Rob Das, and Erik Swan in 2003 and is based in San Francisco, California. In 2012 Splunk launched it as a public corporation, trading under the New York Stock Exchange symbol SPLK. In 2011, Splunk released Splunk Storm, which was later offered as a completely free service and expanded its cloud offering with Splunk Cloud in 2013. Splunk Insights for ransomware and Splunk Industrial Asset Intelligence were launched in 2017 and 2018. Subsidiaries Splunk Cayman Holding Ltd.Splunk Information Technology (Shanghai) Co., Ltd. and many more.

Splunk total assets for the quarter ending October 31, 2021, were $5.089B Splunk offers software solutions that make it possible for organisations to gain real-time operational intelligence in the United States as well as internationally. Splunk, with its technology, helps thousands of customers by taking care of their network security, IT operations, IoT networks and more. Currently, there are more than 4,700 employees in 27 offices worldwide. With its line of products, users can investigate, monitor, analyze, and act on data without caring much about the format or source. The company provides all its cloud and online services for different departments such as education, financial services, government, healthcare/pharmaceuticals, industrials/manufacturing, media/entertainment, retail/e-commerce, technology, and telecommunications. Along with all these offerings, it also provides maintenance and customer support, training, and consulting and implementation services.

Splunk Inc (SPLK.xnas)News Cloud computing is a large, fast-growing industry that's expected to grow at a rate of nearly 18% annually to reach $791 billion by 2028. With such a big market opportunity, there have been lots of players entering the space, and Splunk (NASDAQ: SPLK) is one of them. Stocks of the company are trading almost 50% off the all-time highs set in late 2020, which has brought its valuation down to 7.4 times sales -- a valuation that Splunk has reached only a handful of times in its almost 10-year life as a public company.

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