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Exam Code: SPLK-3003 Practice exam 2022 by Killexams.com team
SPLK-3003 Splunk Core Certified Consultant

EXAM NUMBER : SPLK-3003
EXAM NAME : Splunk Core Certified Consultant
Exam Description: The Splunk Core Certified Consultant certification exam is the final step in the Splunk Core Certified Consultant track. This highly technical certification exam is a 117-minute, 86-question assessment which evaluates a candidate’s knowledge and skills in Splunk Deployment Methodology and best-practices for planning, data collection, and sizing, managing, and troubleshooting a standard with indexer and search head clustering. Candidates can expect an additional 3 minutes to review the exam agreement, for a total seat time of 120 minutes. Candidates interested in this certification must complete the lecture, hands-on labs, and quizzes that are part of the Fundamentals 3, Creating Dashboards with Splunk, and Advanced Searching and Reporting courses by Splunk Education, the Indexer Cluster Implementation Lab, the Distributed Search Migration Lab, the Implementation Fundamentals Lab, the Architect Implementation Labs (1-3), as well as the Services: Core Implementation Instructor-Led Training course in order to be eligible for the certification exam. The prerequisite exams for this certification are Splunk Core Certified Power User, Splunk Enterprise Certified Admin, and Splunk Enterprise Certified Architect.

The following content areas are general guidelines for the content to be included on the exam:
● Splunk Validated Architectures
● Monitoring Console configuration
● Authentication Protocols
● Splunk to Splunk (S2S) Communication
● Data Inputs
● Forwarder Types
● HEC Tokens
● Fishbucket Records
● Pretrained Sourcetypes
● Indexing Buckets
● Event Processing
● Indexing Intervals
● Data Retention
● Search Head Dispatch
● Sub-searches
● Deployment Apps
● Deployment Server
● Indexer Clustering
● Upgrading an Indexer Cluster
● Indexer Cluster Failure Modes
● Multi-site Clustering
● Indexer Migration
● Search Head Clustering

1.0 Deploying Splunk 5%
1.1 Define Splunk Validated Architectures
1.2 Articulate how and why Splunk grows from standalone environment to distributed environment with indexer and Search Head clustering
1.3 Explain the difference between High Availability and Disaster Recovery and how both can be addressed in Splunk.

2.0 Monitoring Console 8%
2.1 Describe which instances are suitable to configure as the Monitoring Console
2.2 Articulate how to configure the MC for a single or distributed environment
2.3 Examine how the MC uses the server roles and groups
2.4 Describe how MC health checks are performed and can be extended.

3.0 Access and Roles 8%
3.1 Identify authentication methods
3.2 Describe LDAP concepts and configuration
3.3 List SAML and SSO options
3.4 Define roles and articulate how roles are used to secure data

4.0 Data Collection 15%
4.1 Articulate the different ways data can be ingested by an indexer
4.2 Articulate how one Splunk instance communicates with another Splunk instance (S2S)
4.3 Describe the types and configuration of data inputs
4.4 Describe ways to troubleshoot data inputs

5.0 Indexing 14%
5.1 List indexing artefacts and locations
5.2 Describe event processing and data pipelines
5.3 Describe the underlying text parsing and indexing process
5.4 List data retention controls

6.0 Search 14%
6.1 Describe how to use search job inspection, Explain the inner-workings of a search
6.2 List the different search types
6.3 Describe how to maximize search efficiency
6.4 Describe how sub-searches work

7.0 Configuration Management 8%
7.1 Describe a deployment app
7.2 Articulate how a Deployment Server works
7.3 Describe deployment system configuration
7.4 Articulate how to manage deployment Server

8.0 Indexer Clustering 18%
8.1 Describe deployment and component configuration
8.2 Describe the life cycle of data using buckets
8.3 Determine failure modes and recovery processes
8.4 Articulate how multi-site clustering works
8.5 List migration procedures

9.0 Search Head Clustering 10%
9.1 Articulate how to manage and deploy a Search Head cluster
9.2 Determine when a Search Head Cluster may be needed and when a Search Head Cluster would not be recommended
9.3 Describe content management using the Deployer
9.4 Describe the role of the cluster members and the Captain
9.5 Articulate how Captain election works (RAFT)

Splunk Core Certified Consultant
Splunk Consultant action
Killexams : Splunk Consultant action - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-3003 Search results Killexams : Splunk Consultant action - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-3003 https://killexams.com/exam_list/Splunk Killexams : Splunk Files Intellectual Property Lawsuit Against Cribl

Asserts Cribl Willfully Infringes Splunk's Patents and Copyrights and Has Misappropriated Confidential Business and Technical Documents

Splunk Inc. SPLK, the data platform leader for security and observability, today announced that it filed a lawsuit against Cribl in the United States District Court for the District of Delaware, alleging patent infringement, copyright infringement, unfair competition, and other claims. The complaint alleges that Cribl infringes numerous Splunk copyrights and patents, and has unlawfully misappropriated Splunk source code and confidential materials.

Splunk's complaint alleges that Clint Sharp, CEO and Co-founder of Cribl, founded Cribl using code that he took from Splunk when he was a Splunk employee without permission or a license to do so. Splunk further alleges that Cribl and Mr. Sharp encouraged Splunk employees, who they recruited to Cribl, to misappropriate confidential technical and business documents from Splunk. Moreover, Splunk alleges that since then, Cribl has developed and marketed its software by, among other things, making unlicensed copies of Splunk's copyrighted software, and is willfully infringing numerous patents awarded to Splunk by the United States Patent and Trademark Office.

According to the complaint, Cribl is "a business built on the back of Splunk's labor and intellectual property, without license and without regard for ethics, the rights of others, or the law." The complaint explains further that unfortunately Cribl's actions left Splunk no choice but to file this lawsuit. While Splunk is disappointed that Cribl's behavior and wrongdoing have forced it to take this action, Splunk is confident the judicial process will determine that Cribl has infringed and misappropriated Splunk's intellectual property for Cribl's own benefit. This case is about Cribl's misconduct. Splunk is not changing how it works with customers and partners, and looks forward to continuing to help them leverage Splunk to drive great insights and effective results.

Splunk has long been a pioneer and leader in the data platform industry, as evidenced by the well over 1,000 patents that have been granted to Splunk by the United States Patent and Trademark Office. Splunk remains committed to protecting the foundational innovations that define its reputation and brand.

For additional information regarding Splunk's lawsuit against Cribl, please visit the Splunk blog.

About Splunk Inc.

Splunk Inc. SPLK helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wed, 05 Oct 2022 04:26:00 -0500 text/html https://www.benzinga.com/pressreleases/22/10/b29160025/splunk-files-intellectual-property-lawsuit-against-cribl
Killexams : Splunk Patent Case Vs An Ex-Employee's Growing Firm Has Merit, Analyst Says
  • Raymond James analyst Adam Tindle assigned Splunk Inc (NASDAQ: SPLK) a Moderately Aggressive Risk/Wealth Accumulation (MA/ACC) rating given its fast-growing market.

  • Splunk filed a lawsuit against Cribl, alleging infringement of numerous Splunk patents and unlawfully misappropriating Splunk's source code and other confidential materials.

  • Cribl founder and CEO was previously a Splunk employee. Splunk states he founded Cribl on code stolen from Splunk.

  • The analyst sees the nature of events as favorable to Splunk.

  • Considering Splunk does not have a track record of taking legal action and has previously attempted to resolve allegations privately, he thinks the company must feel confident in its chances.

  • Cribl's momentum may be a catalyst for the timing of this lawsuit, given ARR growth at 300% Y/Y in February and tripling its customer base, including 10 of the Fortune 50 (Splunk's core market).

  • Splunk urged Cribl to stop using Splunk's IP and for fair compensation.

  • The timing of a decision is unknown, with filing being the first step. With the size difference between the firms and Splunk's case indicating a positive outcome, he also cites an out-of-court settlement.

  • UBS analyst Karl Keirstead downgraded Splunk to Neutral from Buy with a price target of $86, down from $125.

  • The analyst's latest round of industry checks clarified the root cause of the company's recent $250 million annual recurring revenue guidance cut for 2023.

  • Also ReadBritish Chip Designer Arm Ropes In Splunk's Jason Child As Finance Chief

  • Price Action: SPLK shares traded lower by 5.23% at $78.95 on the last check Thursday.

Latest Ratings for SPLK

Date

Firm

Action

From

To

Mar 2022

Citigroup

Maintains

Neutral

Mar 2022

Goldman Sachs

Maintains

Buy

Mar 2022

Needham

Maintains

Buy

View More Analyst Ratings for SPLK

View the Latest Analyst Ratings

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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Thu, 06 Oct 2022 14:25:00 -0500 en-US text/html https://www.yahoo.com/lifestyle/splunk-patent-case-vs-ex-192541248.html
Killexams : Splunk alleges rival Cribl stole its source code for profit, files lawsuit

Data platform company Splunk has filed a lawsuit against rival Cribl, alleging that its CEO and other employees stole source code and technical secrets for its own advantage.

Splunk alleged that former employee Clint Sharp, who left the company in 2017, took code without permission that he then used when he co-founded Cribl the same year.

Additionally, it claims that since its formation Cribl has illegally sourced technical documents from outgoing Splunk employees in order to undermine the company.

“Mr Sharp founded Cribl using code he intentionally and unlawfully took from Splunk when he was a Splunk employee without a licence or permission to do so,” read the complaint.

“Since that time, Cribl and Mr Sharp have recruited numerous Splunk employees to Cribl, and have systematically encouraged employees to take Splunk’s confidential technical and business documents with them. In turn, Cribl has used the information it misappropriated to compete unfairly against Splunk.”

In a blog post, Splunk alleges that it attempted to settle the matter privately, but that this was unsuccessful. It characterises Cribl’s actions as a “coordinated campaign of misappropriation” and claims that the company used Splunk’s Technology Alliance Partner (TAP) programme to further its theft.

After launching in 2017, Cribl joined the TAP program, an agreement that allows partners to add to Splunk’s Enterprise platform, through the use and limited copying of Splunk software.

However, the TAP program agreement states that partners may only use the software to demonstrate the use of extensions with the software and to develop extensions further. Using copies of the software to determine source code would constitute a violation of the terms of agreement.

"The allegations in Splunk’s lawsuit are false, and we will defend against these baseless claims," Cribl stated in a blog post.

"We have built interoperability using our own hard work and open source implementations, such as Eventgen. While Splunk tries to stifle competition through litigation, we will keep our relentless focus on our customers to deliver them choice and control over their data."

Splunk has requested an injunction against Cribl, Clint Sharp and all associated Cribl entities, from further infringing Splunk copyrights. It has also requested an accounting of the profits that Cribl has made from the activity and subsequent damages. The company has requested a trial by jury.

"Proving infringement of copyright in source code, as Splunk is alleging here, tends to be difficult," said Michael Buckworth, founder at UK law firm Buckworths. "A former employee would be incredibly foolish to use a carbon copy of code he has misappropriated; rather he would likely recode the software to deliver substantially similar functionality.

"New code achieving the same outcome as existing code is unlikely to infringe copyright in existing code leaving the damaged party to look at patent infringement or breach of contractual obligations," he added.

"Splunk may believe that they can prove each allegation that they have made with the result that they could secure significant damages from Cribl, or even have it shut down.

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"Alternatively, this may be a strategic move to dry up investment and other financial support in Cribl. There is nothing that will turn off investors more than a high-profile IP dispute! Either way both parties will now need to prove their position and live with significant costs if they fail.”

Splunk operates in more than 21 regions internationally, providing customers with a suite that provides oversight over their data and allows them to conduct big data analytics. It also aims to Boost observability across multi-cloud environments. Last year it announced a new cloud security suite in addition to its other offerings.

Cribl supplies data management solutions to its customers, aiming to provide data flexibility and stack observability. Its service Cribl Stream is used by DevOps engineers and other industry professionals in order to process data in real time, supply context to data, and encrypt sensitive fields. 

IT Pro has approached Splunk for comment.

This article has been updated to include a statement from Cribl.

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Wed, 05 Oct 2022 23:01:00 -0500 en text/html https://www.itpro.co.uk/data-insights/data-management/369256/splunk-files-lawsuit-against-cribl-alleging-stolen-code
Killexams : 3 Reasons Why You Should Consider Buying Splunk Today

Splunk (SPLK 0.69%) has dropped like a rock since the end of 2021. Unfortunately for its investors, the stock sold off due to the uncertainty unleashed after former CEO Doug Merritt announced he was stepping down on November 15, 2021. However, the company still has favorable business trends, and now might be the time for astute growth investors to take a look at this company.

Here are three reasons why you should consider buying Splunk today.

1. Splunk is growing faster than its addressable market

Companies use Splunk's platform to monitor, search, analyze, and visualize big data -- a capability that has three broad use cases: information technology (IT) operations, security, and observability. In 2020, these three uses added up to an $81 billion total addressable market (TAM), of which Splunk's annual recurring revenue (ARR), the value of predictable subscription revenue earned from customers in a single calendar year, made up around 2% of the TAM.

In 2022, the same three uses add up to an estimated $100 billion TAM for Splunk. And the company forecasts its ARR to make up approximately 3.5% of its TAM by the end of the year. So, if Splunk's ARR estimates and TAM are correct, Splunk is growing faster than its TAM, grabbing market share, and still has plenty of room to grow.

Additionally, Gartner ranked Splunk as a 2021 market leader in IT Operations for Health and Performance Analysis (observability), with a market share of 8.19%. And it is also a market leader in Security Information and Event Management (security), with a dominant 30.25% market share. 

The best growth companies to invest in are market leaders able to grow fast in large expanding markets yet still have significant room to grow, and Splunk checks all of those boxes.

2. Consistently high renewal and expansion rate 

Research company MarketsAndMarkets forecasts the global cloud computing market to grow from $445.3 billion in 2021 to $947.3 billion by 2026, a compound annual growth rate of 16.3%. Therefore, to capture that cloud growth, Splunk management decided in 2017 to transition into a Software-as-a-Service (SaaS) cloud platform by incentivizing its salespeople to sell subscriptions rather than perpetual licenses. Another reason for switching to a SaaS business model is that subscription businesses generate predictable revenue, and investors often reward such companies with a higher valuation.

One of the markets' most critical measures to judge a SaaS business is the dollar-based net retention rate (DBNRR). This metric measures whether a company can gain more revenue through sales to existing customers than it loses from customers that cancel their subscriptions. A score above 100% indicates that growth from the existing customer base exceeds any losses from that customer base.

The market likes SaaS companies that score above 110% and salivate over a subscription business scoring above 120% in a bull market.

A chart shows that the company has consistently high renewal and expansion rates.

Image source: Splunk.

As you can see in the above chart, Splunk's DBNRR is elite by consistently scoring around 130% for three years. Under better market conditions, investors would likely highly reward the stock of a subscription business racking up such numbers.

3. Growing profitability 

While changing to a subscription business model can provide excellent profitability and returns in the long term, cloud infrastructure and other costs often lower margins and free cash flow (FCF) in the short term. As a result, investors usually initially hate businesses transitioning to a subscription model.

For example, in fiscal 2020 (the calendar year 2019), Splunk accelerated the push to a subscription business by canceling perpetual licenses for new products. As a result, FCF dropped to negative $391, a considerable drop from the previous year's positive FCF of $273. And across 2021, investors began fleeing negative FCF companies like Splunk as inflation fears rose.

SPLK Chart

SPLK data by YCharts.

However, you can see on the chart below that FCF has already rebounded. And the company projects a positive FCF above $400 for fiscal 2023.

A chart shows that Splunk is showing growing profitability with scale.

Image source: Splunk.

In addition, the company is back on the path to achieving the rule of 40. Proponents of the rule of 40 believe that SaaS companies with a combined growth rate and FCF margin exceeding 40% generate cash flows sustainably. Conversely, companies below 40% may eventually have problems raising cash if they need it. The above chart shows Splunk's projections for the rule of 40 for the fiscal year 2023 are approximately 38% -- headed in the right direction.

The stock price should eventually rebound if the company continues improving profitability metrics like FCF.

Good value for a company poised for success

Splunk sells for a price-to-sales (PS) ratio of 3.81, close to its historic low of 3.79 and below the cloud services industry's PS ratio of 4.08 -- signaling an undervalued company.

If you are looking for a company most likely to bounce higher once the economy improves, there are few better places than Splunk.

Wed, 12 Oct 2022 20:02:00 -0500 Rob Starks Jr en text/html https://www.fool.com/investing/2022/10/13/3-reasons-why-you-should-consider-buying-splunk-to/
Killexams : Dynatrace's Disruptive New Product Threatens Splunk No result found, try new keyword!In this instance, it's cloud observation and security. I mentioned Splunk at the outset because it has long been the market leader in analytics, and it has a lot of very large customers. Tue, 11 Oct 2022 01:45:00 -0500 text/html https://www.nasdaq.com/articles/dynatraces-disruptive-new-product-threatens-splunk Killexams : Wells Fargo starts coverage on Splunk, sees 30% upside from current levels
Splunk headquarters in San Francisco

Sundry Photography

Investment firm Wells Fargo started coverage on Splunk (NASDAQ:SPLK) on Tuesday, stating that the data software company has "the best observability platform in the market."

Analyst Andrew Nowinski started coverage on Splunk (SPLK) with an overweight rating and a $95 price target, noting that the company's products are "deeply entrenched" inside many large customers, which should help "long-term durable growth and profitability."

Nowinski also noted that Splunk's (SPLK) revenue growth has started to "normalize," which he believes will "have a positive impact on the valuation."

"Splunk has persevered through five major transitions over the last 3 years, starting in May 2019, including a shift from perpetual to cloud [software-as-a-service], a pricing model change, an invoicing change, an expansion of the platform into the Observability market, and management changes," Nowinski wrote in a note to clients.

"While these changes all had a negative impact initially, they are now starting to have a positive impact as revenue growth (32% [year-over-year] in second-quarter) is starting to normalize," Nowinski added.

The analyst also noted that Splunk (SPLK) should start to see increasing operating margin and free cash flow even as revenue growth normalizes. There have been concerns from customers that Splunk's (SPLK) pricing model has been a "lingering pain point," there are encouraging signs, especially since Chief Executive Gary Steele, who took over in April, has started to make changes that should reduce the issues from customers and still have a positive impact on revenue growth.

Nowinski's revenue estimates for Splunk for 2022, 2023 and 2024 are $3.375B, $4.023B and $4.913B, with 2023 and 2024 above consensus estimates due to "the strong feedback we received from resellers on Splunk."

Last week, UBS downgraded Splunk (SPLK), noting concerns over increased competition and the pricing of its products.

Mon, 10 Oct 2022 20:23:00 -0500 en text/html https://seekingalpha.com/news/3890283-wells-fargo-starts-coverage-on-splunk-sees-30-upside-from-current-levels
Killexams : Splunk Appoints Richard P. Wallace and David Tunnell to Its Board of Directors

Splunk Inc. SPLK, the data platform leader for security and observability, today announced that Richard P. Wallace and David Tunnell have been appointed to the Splunk Board of Directors, effective immediately.

"I'm pleased to welcome Rick and David as our newest additions to the Splunk Board," said Graham Smith, Chair of the Splunk Board of Directors. "Rick is a well-regarded technology executive with over 30 years of experience scaling enterprises for long-term durable growth, and David brings an important shareholder perspective, over 25 years of financial expertise as well as a deep understanding of Splunk's business model. The Board looks forward to working closely with Rick and David as we continue to scale Splunk for the future and drive value for shareholders."

"Rick and David are highly respected, successful leaders, and each brings valuable skills and perspectives to the Company at this pivotal moment," said Gary Steele, President and Chief Executive Officer of Splunk. "Our leadership team is focused on executing our growth strategy and we are excited to benefit from the guidance and support of a strong, experienced and engaged Board of Directors."

"I've dedicated my career to building enduring companies that invent cutting-edge technologies to enable innovation, and I believe Splunk is well-positioned to capture its very large and growing addressable market," said Wallace. "I look forward to working with Graham, Gary and the rest of the Board to oversee the Company's strategy and deliver strong returns."

"Splunk is one of the foremost industry innovators, and I'm excited to join the Board at this key juncture," said Tunnell. "Hellman & Friedman has had a collaborative relationship with Splunk, and we're strongly supportive of the Board and management team and the work underway to transform the business through balanced growth and profitability. I'm committed to helping advance the Company's strategic priorities to support sustainable value creation."

The Company also announced that Stephen G. Newberry, a director since 2013, will step down from the Board; the Company previously announced that Sara Baack will also step down.

Smith continued, "We thank Steve and Sara for their dedicated years of service. They have provided valuable counsel throughout their tenure to support Splunk's growth and ambitious business transformation. We wish them the very best."

Splunk's Board has undergone significant change to reflect the dynamic nature of its business and the technology industry. With the appointments of Messrs. Wallace and Tunnell, and following the departures of Ms. Baack and Mr. Newberry, the Board will comprise 11 directors, 10 of whom are independent and five of whom have been appointed within the past 18 months.

The Board of Directors also announced that it has reorganized the Board's Talent & Compensation Committee. The Committee now comprises Graham Smith, who recently joined the Committee in April 2022, Kenneth Hao and Rick Wallace.

About Richard P. Wallace

Wallace serves as President, CEO and Director of KLA Corporation, a developer of industry-leading equipment and services that enable innovation throughout the electronics industry. Prior to being appointed CEO in 2006, he served in various leadership roles across KLA, including as Chief Operations Officer from July 2005 to December 2005, Executive Vice President of the Customer Group from May 2004 to July 2005, and Executive Vice President of the Wafer Inspection Group from July 2000 to May 2004. His tenure with KLA spans over 30 years, having started as an applications engineer at KLA Instruments in 1988. Prior to joining KLA, Wallace held positions at Ultratech Stepper and Cypress Semiconductor. He previously served on the board of directors of Proofpoint, a cybersecurity and compliance company, and SEMI (Semiconductor Equipment and Materials International), a prominent global industry association. Wallace holds a B.S. from the University of Michigan and an M.S. from Santa Clara University.

About David Tunnell

Tunnell is a Partner at Hellman & Friedman (H&F) and a member of the H&F Investment Committee. He leads the Firm's San Francisco office and oversees its investing activities in the Software & Tech and Insurance & Insurance Services sectors. David joined H&F originally in 1994 and has been involved with numerous portfolio companies over 25 years of H&F's investing history. He is currently serving as a director of the operating committee at Genesys Telecommunications Laboratories, Inc., a global customer-experience software platform provider, and as a director of the board at UKG (Ultimate Kronos Group), a global provider of human capital management, payroll and workforce management solutions. Prior to H&F, David was employed by Lazard Frères & Co. in New York. He holds an A.B. from Harvard University and an M.B.A from Harvard Business School.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk's growth and transformation strategies and its goals and long-term prospects, including growth and profitability. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including those described in the company's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2022, which is on file with the U.S. Securities and Exchange Commission ("SEC") and Splunk's other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Splunk

Splunk Inc. SPLK helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tue, 11 Oct 2022 09:54:00 -0500 text/html https://www.benzinga.com/pressreleases/22/10/b29227651/splunk-appoints-richard-p-wallace-and-david-tunnell-to-its-board-of-directors
Killexams : Splunk (NASDAQ:SPLK) Downgraded to “Neutral” at UBS Group

UBS Group downgraded shares of Splunk (NASDAQ:SPLKGet Rating) from a buy rating to a neutral rating in a report issued on Thursday morning, Marketbeat reports. They currently have $86.00 price objective on the software company’s stock, down from their previous price objective of $125.00.

SPLK has been the Topic of a number of other reports. Deutsche Bank Aktiengesellschaft cut their price objective on Splunk from $125.00 to $117.00 and set a hold rating on the stock in a report on Thursday, August 25th. Guggenheim began coverage on shares of Splunk in a research note on Friday, August 12th. They set a buy rating and a $160.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Splunk in a research note on Thursday, July 7th. They issued a buy rating and a $130.00 price objective on the stock. Mizuho decreased their target price on shares of Splunk from $115.00 to $110.00 and set a neutral rating for the company in a research report on Tuesday, September 27th. Finally, Piper Sandler cut their price target on Splunk from $130.00 to $120.00 in a research report on Wednesday, July 13th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $132.82.

Splunk Price Performance

SPLK stock opened at $79.53 on Thursday. Splunk has a 52 week low of $75.16 and a 52 week high of $176.66. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 14.09. The firm has a 50 day moving average of $96.33 and a 200 day moving average of $105.61.

Splunk (NASDAQ:SPLKGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The software company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.44. Splunk had a negative net margin of 32.85% and a negative return on equity of 396.11%. The business had revenue of $798.75 million during the quarter, compared to the consensus estimate of $747.92 million. During the same period in the previous year, the firm posted ($1.63) earnings per share. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities analysts predict that Splunk will post -2.97 EPS for the current fiscal year.

Institutional Trading of Splunk

Several large investors have recently made changes to their positions in SPLK. Hanson & Doremus Investment Management grew its holdings in shares of Splunk by 0.7% during the first quarter. Hanson & Doremus Investment Management now owns 11,193 shares of the software company’s stock worth $1,663,000 after buying an additional 82 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its stake in Splunk by 2.4% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 3,877 shares of the software company’s stock valued at $576,000 after acquiring an additional 90 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Splunk by 66.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 228 shares of the software company’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in Splunk by 2.7% in the 1st quarter. Keudell Morrison Wealth Management now owns 3,576 shares of the software company’s stock worth $531,000 after purchasing an additional 93 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Splunk by 13.3% during the 1st quarter. Quadrant Capital Group LLC now owns 808 shares of the software company’s stock worth $120,000 after purchasing an additional 95 shares during the last quarter. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

Splunk Company Profile

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Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

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Thu, 06 Oct 2022 21:30:00 -0500 Defense World Staff en text/html https://www.defenseworld.net/2022/10/07/splunk-nasdaqsplk-downgraded-to-neutral-at-ubs-group.html
Killexams : Splunk Files Intellectual Property Lawsuit Against Cribl

Asserts Cribl Willfully Infringes Splunk’s Patents and Copyrights and Has Misappropriated Confidential Business and Technical Documents

SAN FRANCISCO, October 05, 2022--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced that it filed a lawsuit against Cribl in the United States District Court for the District of Delaware, alleging patent infringement, copyright infringement, unfair competition, and other claims. The complaint alleges that Cribl infringes numerous Splunk copyrights and patents, and has unlawfully misappropriated Splunk source code and confidential materials.

Splunk’s complaint alleges that Clint Sharp, CEO and Co-founder of Cribl, founded Cribl using code that he took from Splunk when he was a Splunk employee without permission or a license to do so. Splunk further alleges that Cribl and Mr. Sharp encouraged Splunk employees, who they recruited to Cribl, to misappropriate confidential technical and business documents from Splunk. Moreover, Splunk alleges that since then, Cribl has developed and marketed its software by, among other things, making unlicensed copies of Splunk’s copyrighted software, and is willfully infringing numerous patents awarded to Splunk by the United States Patent and Trademark Office.

According to the complaint, Cribl is "a business built on the back of Splunk’s labor and intellectual property, without license and without regard for ethics, the rights of others, or the law." The complaint explains further that unfortunately Cribl’s actions left Splunk no choice but to file this lawsuit. While Splunk is disappointed that Cribl’s behavior and wrongdoing have forced it to take this action, Splunk is confident the judicial process will determine that Cribl has infringed and misappropriated Splunk’s intellectual property for Cribl’s own benefit. This case is about Cribl’s misconduct. Splunk is not changing how it works with customers and partners, and looks forward to continuing to help them leverage Splunk to drive great insights and effective results.

Splunk has long been a pioneer and leader in the data platform industry, as evidenced by the well over 1,000 patents that have been granted to Splunk by the United States Patent and Trademark Office. Splunk remains committed to protecting the foundational innovations that define its reputation and brand.

For additional information regarding Splunk’s lawsuit against Cribl, please visit the Splunk blog.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005776/en/

Contacts

Media Contact:
Mara Mort
Splunk Inc.
press@splunk.com

Investor Contact:
Ken Tinsley
Splunk Inc.
ir@splunk.com

Wed, 05 Oct 2022 23:15:00 -0500 en-US text/html https://finance.yahoo.com/news/splunk-files-intellectual-property-lawsuit-202600497.html
Killexams : Splunk Files Intellectual Property Lawsuit Against Cribl

Asserts Cribl Willfully Infringes Splunk’s Patents and Copyrights and Has Misappropriated Confidential Business and Technical Documents

SAN FRANCISCO, October 05, 2022--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced that it filed a lawsuit against Cribl in the United States District Court for the District of Delaware, alleging patent infringement, copyright infringement, unfair competition, and other claims. The complaint alleges that Cribl infringes numerous Splunk copyrights and patents, and has unlawfully misappropriated Splunk source code and confidential materials.

Splunk’s complaint alleges that Clint Sharp, CEO and Co-founder of Cribl, founded Cribl using code that he took from Splunk when he was a Splunk employee without permission or a license to do so. Splunk further alleges that Cribl and Mr. Sharp encouraged Splunk employees, who they recruited to Cribl, to misappropriate confidential technical and business documents from Splunk. Moreover, Splunk alleges that since then, Cribl has developed and marketed its software by, among other things, making unlicensed copies of Splunk’s copyrighted software, and is willfully infringing numerous patents awarded to Splunk by the United States Patent and Trademark Office.

According to the complaint, Cribl is "a business built on the back of Splunk’s labor and intellectual property, without license and without regard for ethics, the rights of others, or the law." The complaint explains further that unfortunately Cribl’s actions left Splunk no choice but to file this lawsuit. While Splunk is disappointed that Cribl’s behavior and wrongdoing have forced it to take this action, Splunk is confident the judicial process will determine that Cribl has infringed and misappropriated Splunk’s intellectual property for Cribl’s own benefit. This case is about Cribl’s misconduct. Splunk is not changing how it works with customers and partners, and looks forward to continuing to help them leverage Splunk to drive great insights and effective results.

Splunk has long been a pioneer and leader in the data platform industry, as evidenced by the well over 1,000 patents that have been granted to Splunk by the United States Patent and Trademark Office. Splunk remains committed to protecting the foundational innovations that define its reputation and brand.

For additional information regarding Splunk’s lawsuit against Cribl, please visit the Splunk blog.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005776/en/

Contacts

Media Contact:
Mara Mort
Splunk Inc.
press@splunk.com

Investor Contact:
Ken Tinsley
Splunk Inc.
ir@splunk.com

Wed, 05 Oct 2022 08:30:00 -0500 en-CA text/html https://ca.finance.yahoo.com/news/splunk-files-intellectual-property-lawsuit-202600497.html
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