Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Splunk, Inc.
Splunk Surging 20% As New Customers Boost Revenue And Outlook—Forbes
Splunk, which provides tools and analysis that help companies understand their data, reported Thursday that it recorded $101.5 million in second quarter revenue, up 52% from the year-ago quarter and handily beating the Street’s $94 million consensus. Net earnings excluding special items came in at one cent per share, beating the two-cent per-share loss the Street had predicted.
Symbol: SPLK
Trailing PE: NA; Forward PE: 490
PEG: NA
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Splunk
Stock number two: Coupons.com Incorporated
Bank Of America Sees Digital Trending Upward For Coupons.com --Benzinga
In a report published Friday, Bank of America analyst Nat Schindler reiterated a Buy rating and $30.00 price target on Coupons.com (NYSE: COUP).
Symbol: COUP
Trailing PE: NA; Forward PE: 46
PEG: 1.69
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Coupons.com
Stock number three: Fred's, Inc.
Why Fred's (FRED) Stock Is Declining Today --The Street.com
Shares of Fred's Inc.(FRED_) are declining this morning, down -2.76% to $14.62, after the discount retailer announced its plan to close 60 of its stores without pharmacies by the end of the year to free up capital to accelerate its pharmacy acquisitions.
Memphis-based Fred's said it would close more than 8.5% of its total of 704 stores after it reported a net loss in the second quarter of -$16.4 million in its yesterday.
Symbol: FRED
Trailing PE: 25; Forward PE: 21
PEG: 5.00
Dividend: 1.50%
Estimate Trend: NA
Ransom Note Trendline: Avoid Fred’s