{"id":393312,"date":"2020-12-03T20:18:06","date_gmt":"2020-12-04T01:18:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393312"},"modified":"2020-12-03T20:18:06","modified_gmt":"2020-12-04T01:18:06","slug":"investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\/","title":{"rendered":"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 3, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Kaplan Fox &amp; Kilsheimer LLP (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3002453-1&amp;h=25599490&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>) is investigating claims on behalf of investors of Splunk Inc. (&#8220;Splunk&#8221; or the &#8220;Company&#8221;) (NASDAQ: SPLK).<\/p>\n<p>On <span class=\"xn-chron\">August 26, 2020<\/span>, after the market closed, Splunk announced its fiscal second quarter 2021 financial results for the period ending <span class=\"xn-chron\">July 31, 2020<\/span>, including total revenues of <span class=\"xn-money\">$492 million<\/span>, down 5% year-over-year.\u00a0 Despite this weakness, Splunk gave financial guidance that it expected total revenues for the third fiscal 2021 quarter (ending <span class=\"xn-chron\">October 31, 2020<\/span>) to be between <span class=\"xn-money\">$600 million<\/span> and <span class=\"xn-money\">$630 million<\/span>.<\/p>\n<p>Then, on <span class=\"xn-chron\">December 2, 2020<\/span>, after the market closed, Splunk announced its financial results for the third fiscal 2021 quarter.\u00a0 Splunk reported total revenues of <span class=\"xn-money\">$559 million<\/span>, down 11% year-over-year, which significantly missed its prior financial guidance.\u00a0 In connection with this news, numerous analysts downgraded the stock and cut their price targets, including JPMorgan which reportedly stated the firm was &#8220;blindsided by the magnitude of too many large deals slipping in the final days of October&#8221;\u00a0and has a &#8220;lack of ability to explain-away the deal slippage.&#8221;<\/p>\n<p>On <span class=\"xn-chron\">December 3, 2020<\/span>, Splunk&#8217;s shares fell significantly by more than 23%, or <span class=\"xn-money\">$47.88<\/span> per share, on heavy trading volume to close at <span class=\"xn-money\">$158.03<\/span> per share.<\/p>\n<p>If you purchased or otherwise acquired Splunk securities and would like to discuss our investigation, please contact us by emailing <a target=\"_blank\" href=\"mailto:pmayer@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">pmayer@kaplanfox.com<\/a> or by calling (646) 315-9003.\u00a0 <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">San Francisco<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">New Jersey<\/span>, has many years of experience in prosecuting investor class actions. For more information about <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, you may visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3002453-1&amp;h=25599490&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>.\u00a0 If you have any questions about this investigation, your rights, or your interests, please contact: <\/p>\n<p>\n        <span class=\"xn-person\">Donald R. Hall<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>850 Third Avenue, 14th Floor<br \/><span class=\"xn-location\">New York<\/span>, New York\u00a010022<br \/>(646) 315-9003<br \/>E-mail: <a target=\"_blank\" href=\"mailto:dhall@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">dhall@kaplanfox.com<\/a><\/p>\n<p>\n        <span class=\"xn-person\">Laurence D. King<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>1999 <span class=\"xn-person\">Harrison Street<\/span>, Suite 1560<br \/><span class=\"xn-location\">Oakland, California<\/span> 94612<br \/>(415) 772-4704<br \/>Fax:\u00a0 (415) 772-4707<br \/>E-mail: <a target=\"_blank\" href=\"mailto:lking@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">lking@kaplanfox.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC13050&amp;sd=2020-12-03\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc-301186263.html\">http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc-301186263.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC13050&amp;Transmission_Id=202012032014PR_NEWS_USPR_____DC13050&amp;DateId=20201203\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Dec. 3, 2020 \/PRNewswire\/ &#8212;\u00a0Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Splunk Inc. (&#8220;Splunk&#8221; or the &#8220;Company&#8221;) (NASDAQ: SPLK). On August 26, 2020, after the market closed, Splunk announced its fiscal second quarter 2021 financial results for the period ending July 31, 2020, including total revenues of $492 million, down 5% year-over-year.\u00a0 Despite this weakness, Splunk gave financial guidance that it expected total revenues for the third fiscal 2021 quarter (ending October 31, 2020) to be between $600 million and $630 million. Then, on December 2, 2020, after the market closed, Splunk announced its financial results for the third fiscal 2021 quarter.\u00a0 Splunk reported total revenues of $559 million, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393312","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 3, 2020 \/PRNewswire\/ &#8212;\u00a0Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Splunk Inc. (&#8220;Splunk&#8221; or the &#8220;Company&#8221;) (NASDAQ: SPLK). On August 26, 2020, after the market closed, Splunk announced its fiscal second quarter 2021 financial results for the period ending July 31, 2020, including total revenues of $492 million, down 5% year-over-year.\u00a0 Despite this weakness, Splunk gave financial guidance that it expected total revenues for the third fiscal 2021 quarter (ending October 31, 2020) to be between $600 million and $630 million. Then, on December 2, 2020, after the market closed, Splunk announced its financial results for the third fiscal 2021 quarter.\u00a0 Splunk reported total revenues of $559 million, &hellip; Continue reading &quot;Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T01:18:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC13050&amp;sd=2020-12-03\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc.\",\"datePublished\":\"2020-12-04T01:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/\"},\"wordCount\":359,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DC13050&amp;sd=2020-12-03\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-splunk-inc\\\/\",\"name\":\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Splunk Inc. - 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