Why Splunk Stock Was Slammed on Thursday

Why Splunk Stock Was Slammed on Thursday

Shares of data monitoring and analytics platform provider Splunk (NASDAQ: SPLK) were hit hard on Thursday after the company delivered a disappointing third-quarter report. Splunk's Q3 results and management's guidance for Q4 were both well below analysts' expectations. Splunk also reported an adjusted loss per share of $1.26 -- far behind the $0.09 per share in profit analysts had been modeling for.