Splunk (SPLK) Q4 2023 Earnings Call Transcript, The Nasdaq Could Soar in 2023 -- 5 Stocks Down 57% to 91% to Buy Before It Does, Why Splunk Shares Gained 10.8% Last Month, 1 Monster Growth Stock to Buy Hand Over Fist, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Transform your business in the cloud with Splunk. Read focused primers on disruptive technology topics. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line.. It has more recently sought to shift toward cloud computing and catch up with its competitors, like Datadog, that started their business in the cloud. That compares with a $114 share price at the end of trading Friday and $127.45 after hours. Cisco and Splunk Have Discussed Acquisition Deal - The New York Times Cisco CEO On Reported Splunk Deal: 'We Are Constantly - CRN Though the two companies didnt react to the rumors for a few days after they surfaced, Chuck Robbins, Ciscos chairman and CEO, confirmed the developments during its Q2 earnings call. L Brands' plan was to spin its Bath & Body Works brand off into a stand-alone company and sell its lagging Victoria's Secret/Pink brands to the highest bidder. The Motley Fool has a disclosure policy. In that light, it's no wonder Cisco may see an opportunity to swoop in at this time of transition and uncertainty to take Splunk for itself. Splunk Inc. is an American software company based in San Francisco, California, California, that produces software for searching, monitoring, and analyzing machine-generated data via a Web-style interface. Customer Service. Vlocity gave . Finally, Splunk attracted tech-focused private equity firm Silver Lake last summer, which invested $1 billion in Splunk in the form of convertible preferred stock in June 2021. My core competency is finding out people's issues in business. Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. Acquisitions - Acquisition Summary - Cisco For every deal we do, we probably look at 10-15 companies. Cisco Has Discussed Deal for Software Company Splunk. Splunk finished trading on Friday at roughly an $18 billion market cap, and after the after-hours surge, the market cap rose to $20.2 billion. In any case, the reporting suggested the offer was more than $20 billion. The top source for up-to-the-minute company Merger News. 3. Splunks acquisition of VictorOps adds collaborative incident management capabilities to Splunks portfolio and creates an analytics-driven Platform of Engagement for DevOps and IT customers to better prevent and resolve incidents. Splunk's acquisition of TwinWave extends our security leadership and adds capabilities to empower the security analyst with cloud-native, automated threat analysis for phishing and malware. During the years prior going back to 2017, Cisco closed between . Then there's also the balance sheet. We've been tracking company news on mergers and acquisitions since 1999. The report about said discussions comes not long after Microsoft's mammoth $70 . Access timely security research and guidance. Such a deal would be the largest ever for Cisco . Momentum Just Isn't Happening. Report: Cisco made $20B takeover offer for software maker Splunk Splunk to buy security intelligence-sharing startup TruStar Splunk's acquisition of Cloudmeter adds new capabilities to Splunk products that enable customers to analyze machine data directly from their networks and correlate it with other machine-generated data to gain insights in application and infrastructure management, IT operations, security and business analytics. Its past deals include Acacia, a maker of optical network components; Luxtera, a semiconductor company; and ThousandEyes, a cloud intelligence company. Graham V. Smith, the chairman of Splunks board, is currently serving as interim CEO to fill the leadership void. The people requested anonymity because the information is confidential. From 2008 to 2010, Mitra . Ciscos offer comes when Splunk is actively hunting for a new CEO following former president and CEO Doug Merritts departure in November 2021. Splunk, whose stock price has fallen by 30 percent since its chief executive, Doug Merritt, unexpectedly stepped down in November, has a market capitalization of around $18 billion. . 10 . Splunk Mergers and Acquisitions Summary | Mergr Craig is a proud Husky, having graduated from the University of Washington. VictorOps . Gert Van Damme - Lead Business Consultant NetSuite ERP - LinkedIn Splunk shares spike on report of Cisco buyout offer Pekka Lundmark, Nokia Brand Reveal, Mobile World Congress Barcelona 2023. Splunk has acquired 14 companies, including 8 in the last 5 years.. Splunk's largest acquisition to date was in 2019, when it acquired SignalFx for $1.1B. In fact, many large companies use multiple vendors for internal data analytics. Even though its cloud revenues zoomed 77% in the year, its overall revenue was down 5% year-over-year, and its operating cash flow was negative $191 million with free cash flow of negative $228 million. The acquisition by Cisco could provide much-needed breathing space for the company to invest heavily in cloud, IT security, and data observability platforms and digital transformation initiatives in the year ahead. Cloudmeter. That bidder was Sycamore Partners, a . Rigor's monitoring and optimization solutions complement the other Splunk offerings. Let us know if you enjoyed reading this news on LinkedInOpens a new window , TwitterOpens a new window , or FacebookOpens a new window . Cost basis and return based on previous market day close. Silver Lake Chairman and Managing Partner Kenneth Hao will also join Splunk's board of directors to help guide the company's journey. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. VictorOps acquired by Splunk . Apr 16, 2021 1:02 PM EDT. Sign up to Stock Advisor for $79 for 1 year, Save 15% on orders of $100+ with Kohl's coupon, How Chilis Is Prepping for Tough Times, Starting With the Fries, Electric Vehicles Are Shattering the Barrier to Adoption that Could Matter Most, The Surprising Ways Walking Delivers a High-Intensity Workout, The Tax Play That Saves Some Couples Big Bucks. Get this delivered to your inbox, and more info about our products and services. The report cited people familiar with the matter and did not say where the potential deal stands. But looking under the hood to ARR and the cloud segment shows a much better growth picture. Splunk is a developer of software used to collect, index, search and analyze machine-generated data from websites, applications, sensors and devices. Splunk would be a perfect target for its ambitions, and would be Cisco's biggest acquisition ever, about triple (or more) the $7 billion acquisition of Scientific Atlanta back in 2005. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Give . This includes computing devices, control systems, sensors, or anything else connected . Microsoft is on a buying binge. Here's what it could buy next - CNN In a note to investors, Morgan Stanley analyst Meta Marshall said the Splunk acquisition would help Cisco offer stiff competition to industry leaders in the cybersecurity space. Splunks acquisition of BugSense enhances our product offerings so that customers can analyze machine data directly from mobile devices and correlate it with other machine-generated data to gain Operational Intelligence. Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal. Cloud annual recurring revenue (ARR) has been off to the races and was up 83% year over year in Q1 fiscal 2022 to $833 million, but these changes have throttled overall revenue expansion. All Rights Reserved. Cisco Sues Acacia Over Termination of $2.6B Merger Deal, Cisco Revamps Webex People Insights To Meet Hybrid Workplace Needs, Cisco Breaks Into CXaaS Market With Two Acquisitions, VMware and Cisco Continue To Battle for SD-WAN Supremacy. Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. Learn More. Splunk is currently unprofitable, and the stock has been unable to bounce back from last year's challenges with this interest rate cloud hanging over it. You can manage your preferences at any time. BILL HOLDINGS, INC. : Shareholders Board Members Managers and Company Ciscos $20 billion acquisition offer, which is $13 billion more than its highest acquisition ever, comes after the company announcedOpens a new window a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. IT systems management, cybersecurity, and observability company Splunk (SPLK -1.40%) surged more than 11% late Friday, after The Wall Street Journal reported tech giant Cisco Systems (CSCO 1.54%) had made an offer to buy the company for more than $20 billion. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. Concurrent with Silver Lake's investment, Splunk said it will also begin executing a new $1 billion share repurchase plan (which should help offset any future conversion of the debt into new stock). The potential deal could position Cisco to compete with security leader Palo Alto Networks in the security operations space. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The stock's still trading below its 50-, 100-, and 200-day moving averages after a Christmas period in which you'd have expected the stock to rebound amid a 2.8% . San Jose, Calif.-based Cisco did not respond to CRNs request for comment on the alleged deal by publication time. While the offer from Cisco is a nice indicator of Splunk's value, as a Splunk shareholder, I really hope management rejects the offer or demands a much higher price. Listen to article. Microsoft may acquire Mandiant, a cybersecurity firm Read the Wall Street Journal report here. . We would love to hear from you! The reported Cisco-Spunk deal could position the company as a much more formidable security player with competitor Palo Alto Networks. Splunks acquisition of Omnition adds distributed tracing analytics for next generation application monitoring, expanding Splunks observability capabilities. Invest better with The Motley Fool. Deals Rumor Mill: Splunk, Allied Universal, Worldline - Law360 Splunk vs Uber I got the final offer from Splunk (P4: 230k, 15%, 440k/3yrs, TC=411k), probably the highest offer for P4. The Motley Fool has a disclosure policy. Founded in the era of data centers, it has struggled to fully transition to the cloud and adjust its pricing model. Silver Lake thus isn't the only investor in line to convert debt into new stock, and this isn't the cleanest balance sheet in the software industry at the moment. Cisco Systems Inc. has made a takeover offer worth more than $20 billion for software maker Splunk Inc., according to people familiar with the matter, in what would be the networking giants biggest acquisition ever. The offer was made recently and the companies arent currently in active talks, some of the people said. Aug 22, 2019 . Additionally, cloud revenue has a lower gross margin than term software licenses, but that's generally made up for in higher growth. The offer exceeds Splunk's current market capitalization by $2 billion, but reports indicate the two companies haven't discussed it yet. (1 minute) Cisco Systems Inc. has made a takeover offer worth more than $20 billion for software maker Splunk Inc., according to people familiar with the matter, in what would . Two Days Mattered Most. This allows me to propose solutions that help my clients. Plan your migration with helpful Splunk resources. Now there are reports Microsoft is looking to buy Mandiant, the cybersecurity software firm formerly known as FireEye that is .
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