Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
These returns cover a period from Januthrough July 31, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. In addition, all three carry a favorable Zacks Rank, indicating that they've witnessed positive earnings estimate revisions.
#Splunk stock zacks free
In the company’s latest release, it penciled in a 48% EPS beat and a 10% sales surprise.įavorable inflationary data and an earnings “apocalypse” that has failed to materialize have both helped keep the market afloat, with the Federal Reserve also giving the market some much-needed juice.Īnd with sentiment shifting, the Zacks Computer and Technology sector has started 2023 off hot.Īll three stocks above from the sector – Arista Networks ( ANET Quick Quote ANET - Free Report), Splunk ( SPLK Quick Quote SPLK - Free Report), and MongoDB ( MDB Quick Quote MDB - Free Report) – carry favorable growth trajectories, forecasted to witness strong top and bottom line growth. Like ANET, MongoDB has had no issue exceeding quarterly estimates, surpassing the Zacks Consensus EPS Estimate by double-digit percentages in 12 consecutive quarters. Looking ahead, estimates call for an additional triple-digit 206% Y/Y growth in earnings in FY24. MDB’s growth trajectory is the most impressive of all the Zacks Consensus EPS Estimate of $0.31 for the company’s current fiscal year (FY23) suggests a Y/Y earnings uptick of 150%.
MongoDB provides a developer data platform that offers services and tools necessary to build distributed applications at the performance and scale that users demand. While shares are pricey, that’s generally the price investors pay for explosive growth. Splunk shares currently trade at a 4.3X forward price-to-sales ratio, undoubtedly on the higher end of the spectrum but a fraction of the 8.8X five-year median.
Impressively, the Zacks Consensus EPS Estimate of $1.80 for Splunk’s current fiscal year suggests a nearly 250% jump in earnings Y/Y.Īnd in FY24, estimates allude to a further 41% of bottom line expansion. Currently, the company boasts a Zacks Rank #2 (Buy).
#Splunk stock zacks software
Splunk provides software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. Below is a chart illustrating the company’s revenue on a quarterly basis. Just in its latest release, ANET penciled in a nearly 20% EPS beat and reported revenue 11% above expectations. In addition, the company’s earnings performance is worth highlighting Arista Networks has exceeded earnings and revenue estimates in 12 consecutive quarters. The earnings growth comes on the back of forecasted Y/Y revenue increases of 46% in FY22 and 22% in FY23. The company is currently a Zacks Rank #2 (Buy).ĪNET boasts a rock-solid growth profile, with earnings forecasted to soar 52% in its current fiscal year (FY22) and a further 20% in FY23. Let’s take a closer look at each one.Īrista Networks provides cloud networking solutions for data centers and cloud computing environments. In addition to solid growth trajectories, all three have witnessed positive earnings estimate revisions, indicating favorable business conditions. Three stocks from the Zacks Computer and Technology sector – Arista Networks ( ANET Quick Quote ANET - Free Report), Splunk ( SPLK Quick Quote SPLK - Free Report), and MongoDB ( MDB Quick Quote MDB - Free Report) – all carry rock-solid growth outlooks.īelow is a chart illustrating the performance of all three year-to-date, with the S&P 500 blended in as a benchmark. Of course, one of the most attractive features of technology stocks is undoubtedly their growth potential. After a challenging 2022, the Zacks Computer and Technology sector has started 2023 off on a solid note, up more than 15% year-to-date and outperforming the S&P 500.
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