Splunk Shares Down 13% After Q1 Earnings Release
A tough day for the stock market was especially rough for Splunk (SPLK). Shares for the Big Data analytics software maker were down more than 13% in afternoon trading Friday, after the company reported results late Thursday for its fiscal Q1 ended April 30. As we reported, the company's results beat Wall Street expectations. But investors might have wanted to see more from its outlook. For the current quarter, Splunk expects revenue of $38 million