- Splunk is a leading ITOM and SIEM software provider as the number one player in both markets.
- It is transitioning towards cloud-based solutions to meet evolving demands of clients which have grown to 30% of revenues.
- The company has acquired TruSTAR for $850 mln to enhance its data management capabilities.
- However, the company’s profitability continues to be weighed down by high operating expenses with an average net margin of -24% in the past 5 years.
- Based on an EV/Sales valuation, we obtained an upside of 24.4% in 2022 based on forecasted revenue growth CAGR of 24.1% through 2025.
For further details see:
Splunk: Leading ITOM And SIEM Software Provider