- Shares of Splunk have rebounded sharply in March after the company's Q4 results came in well above expectations.
- In addition, Splunk has resolved its CEO search, replacing its longtime leader Doug Merritt with the founder/CEO of Proofpoint.
- In FY22, Splunk managed to return to positive free cash flow, as the company's cloud transition is largely complete.
- ARR is still growing at a ~30% y/y pace, while revenue growth is also catching up in the mid-20s.
- Splunk still looks reasonably valued at ~7x forward revenue.
For further details see:
Splunk: Impressive Long-Term Winner