CEOs are more optimistic about the global economy because they expect an interest rate cut by October
SPLKDelisted Stock | USD 103.58 1.63 1.55% |
About 62% of Splunk's investor base is looking to short. The analysis of current outlook of investing in Splunk Inc suggests that many traders are alarmed regarding Splunk's prospects. Splunk's investing sentiment shows overall attitude of investors towards Splunk Inc.
Splunk |
In a new poll, 27 percent of CEOs said they were optimistic about the global economy, up from 7 percent last fall.
Read at finance.yahoo.com
Splunk Fundamental Analysis
We analyze Splunk's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Splunk using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Splunk based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Splunk is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Splunk Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Splunk stock to make a market-neutral strategy. Peer analysis of Splunk could also be used in its relative valuation, which is a method of valuing Splunk by comparing valuation metrics with similar companies.
Peers
Splunk Related Equities
PLTR | Palantir Technologies | 0.47 | ||||
MDB | MongoDB | 0.00 | ||||
ZS | Zscaler | 0.00 | ||||
ADBE | Adobe Systems | 0.00 | ||||
OKTA | Okta | 0.53 | ||||
PATH | Uipath | 0.63 | ||||
NET | Cloudflare | 2.80 | ||||
PANW | Palo Alto | 3.03 | ||||
CRWD | Crowdstrike Holdings | 4.59 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Consideration for investing in Splunk Stock
If you are still planning to invest in Splunk Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Splunk's history and understand the potential risks before investing.
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