SPLUNK NASDAQ: SPLK
Background of Splunk
- Splunk, Inc. is an American technology company which traces its history back to 2003 when Michael Baum co-founded it with Rob Das, and Erik Swan.
- Splunk, Inc.’s product portfolio consists of software, which is designed for searching, monitoring, and analysing machine-generated data through a web-style interface.
- When Splunk, Inc. was established, it was backed by venture firms such as August Capital, Sevin Rosen, Ignition Partners, and JK&B Capital.
- By 2007 Splunk, Inc. had raised $40 million (585 million ZAR) in funds, and it became profitable for the first time in 2009. In 2012, Splunk, Inc. held an initial public offering (IPO) and started trading its shares under NASDAQ using the stock symbol SPLK.
- Splunk, Inc. released Splunk Storm in 2011, a cloud-based version of the core product which offered turnkey, managed, and hosted service for machine data.
- In September 2013, Splunk, Inc. completed a purchase of BugSense, a mobile device data-analytics company which provides a platform used by developers to improve app performance and quality.
- Splunk, Inc. announced that Splunk Storm would be a free service and subsequently expanded its cloud-based offering with Splunk Cloud.
- During the same year, Splunk, Inc. announced Hunk, which is Splunk Analytics for Hadoop, supporting the accessing, searching, and reporting on external data sets which can be found in Hadoop from any Splunk interface.
- BugSense also provided a “software development kit” which gave developers access to data analytics derived from mobile devices which it managed from a scalable cloud platform.
- In December 2013, Splunk, Inc. completed the purchase of Metafor, a software company which uses machine learning technology to analyse data generated IT infrastructure as well as applications.
- In 2015, Splunk, Inc. successfully acquired a cybersecurity start-up, Caspida and in October of the same year, Splunk, Inc. sealed a “cybersecurity alliance” with the United States government contractor Booz Allen Hamilton, Inc., offering combined cyberthreat detection as well as intelligence-analysis
- Google announced that the integration of its cloud platform with Splunk, Inc. to expand in areas concerned with IT ops, security, and compliance.
- In addition to this Splunk, Inc. also announced additional machine learning capabilities for several major product offerings, all of which were installed on top of the platform.
- Splunk, Inc. pledged to donate $100 million (1.4 billion ZAR) in software licenses, education, support, training, and volunteerism to non-profits and schools over a decade long period.
- Splunk, Inc. was the fourth highest-paying company for employees in 2017 according to Glassdoor.
- In May 2017, Splunk, Inc. successfully acquired Drastin which is a software company providing search-based analytics for enterprises.
- By September 2017, Splunk, Inc. had acquired SignalSense, offering cloud-based data collection as well as innovative breach detection solutions. This was followed by the acquisition of some technology and intellectual property assets from a smaller rival, Rocana.
- Splunk, Inc. introduced Splunk Insights for ransomware in 2017, an analytics tool which assesses and investigates any potential threats by ingesting event logs from several sources. The software was marketed towards smaller organisations such as universities and colleges.
- Phantom Cyber Corporation was acquired by Splunk, Inc. in 2018 and later that same year, Splunk, Inc. achieved $14.8 billion (216 billion ZAR) in market capitalisation.
- Splunk, Inc. also acquired VictorOps, a DevOps incident management start-up and KryptonCloud, an industrial IoT and analytics SaaS company in 2018, followed by the cloud monitoring company SignalFx and Omnition, an early-stage start-up specialising in distributed tracing, late in 2019.
- Splunk Industrial Asset Intelligence was introduced in 2018 and works to extract information from Industrial Internet of Things (IIoT) data from several different resources, presenting its users with critical alerts.
- Today, Splunk, Inc. is headquartered in San Francisco, California and has more than 5,800 employees.
Splunk Shares Growth Driver
- Between 2003 and 2019, Splunk, Inc. made several acquisitions which allowed it to expand and grow rapidly and steadily.
- In 2019, Splunk, Inc. announced that it would launch its corporate venture fund, Splunk Ventures, which was a $100 million (1.4 billion ZAR) Innovation Fund and a $50 million (731.8 million ZAR) Social Impact Fund to invest in early-stage start-ups.
- By 2025, Splunk, Inc. was named to the Fortune 1000 list. Splunk, Inc. is 73rd on the Fortune 100 list of best large workplaces for Millennials and 10th on the Fortune 30 list of best large workplaces in technology.
- Splunk, Inc. was also recognised as a Leader in the 2025 Gartner Magic Quadrant for SIEM. This report evaluates SIEM providers and provides a graph where vendors are plotted according to their ability to execute and their completeness of vision.
- Splunk, Inc. has been noted specifically for its analytics, infrastructure monitoring, its ability to scale and index both original and raw data, its infosec functions, and its variety of deployment options.
- As of September 2025, Splunk, Inc.’s client list includes 92 companies on the Fortune 100 list.
Splunk Investor Tip
- Splunk, Inc. trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol SPLK. Splunk, Inc. forms part of the NASDAQ-100
- An analysis on the market performance for Splunk, Inc. indicates total revenues to the value of $502 million (7.3 billion ZAR) for the first quarter of 2025 which ended in April. Revenues were up 16% Year-over-Year, and the success can be attributed and defined by customers who accelerated their transition to cloud-based solutions.
- Cloud ARR was $877 million (12.8 billion ZAR), up 83% Year-over-year while the total ARR was $2.47 billion (36.1 billion ZAR), up 39% Year-over-year.
- Part of the growth and outstanding performance that Splunk, Inc. experienced is as result of data becoming an essential service with the Covid-19 pandemic solidifying the importance of digital transformation.
- Splunk, Inc. can comfortably deliver a cloud-only data platform that can simultaneously serve several teams who are tasked with driving the shift for application development, infrastructure management, and cyber security.
- Throughout the first quarter of 2025, Splunk, Inc. could see continued improvement in demand with customer engagement remaining high across Splunk, Inc.’s portfolio of products and cloud services.
- Cloud ARR has exceeded 70% for the sixth consecutive quarter, translating to more than 200 customers who have Cloud ARR over a million dollars (more than 14 million ZAR).
- Splunk, Inc.’s forecast for quarters to come is backed with the confidence in the ability that the company has to deliver high growth, especially with cloud-based business.
- For the second quarter of 2025, the forecast on total ARR is between $2.59 billion (37.8 billion ZAR) and $2.61 billion (38.1 billion ZAR) with total revenues of $550 million (8 billion ZAR) to $570 million (8.3 billion ZAR) anticipated.
- Data from the analysis should be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
Sector
Technology
Industry
Software – Infrastructure
Sub industry
Cloud-based platform/technology
Latest News
Splunk: How to buy Splunk Shares Online
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