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  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "presentationDate": "2022-10-01 00:00:00",
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  "pageNumber": 39,
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  "notes": "The slide uses a table to list negative earnings reactions and a line chart to show the long-term share price decline.",
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      "kind": "callout",
      "text": "Splunk needs to rebuild investor confidence through better execution",
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      "text": "Splunk Share Price Performance Since Targets Were Withdrawn",
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      "text": "Source: Capital IQ, Company filings. Note: Company's Fiscal Year ends Jan 31. For simplistic purposes, we are assuming those financials are as of December 31. Quarterly earnings is based on calendar year. Returns adjusted for dividends and are from 12/2/2020 to 10/14/2022. (1) Stock price reaction is as of November 15,2021, which is when the Company preannounced quarterly earnings.",
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      "kind": "paragraph",
      "text": "Since then, the Company has consistently disappointed investors on quarterly earnings calls due to a lack of execution and poor forecasting, leading to meaningful share price decline.",
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      "text": "Earnings Quarter and Stock Price Reaction table",
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      "kind": "title",
      "text": "Splunk Has Been Plagued By Misexecution",
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      "evidence": "The document presents Starboard Value's solution and approach to improve growth and profitability in Wix, Splunk, and Salesforce.",
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