Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So Splunk has been able to capture over 90 of the Fortune 100 companies as customers, even in spite of new cloud-based competition. The report about said discussions comes not long after Microsoft's mammoth $70 . Douglas A. McIntyre. Never Miss a Revenue Moment With Intent and Pre-Intent Data, 10 Actionable Data Trends in 2023 To Nail Your Analytics, How Technology Is Digitally Transforming Ad Operations, Three Ways Enterprise Architecture is Driving Digital Transformation, Seed-stage Companies Can Create FOMO to Gain an Edge in Fundraising, Correcting the Course of Failed Climate-conscious Planning with AI, Cloud Cost Optimization as a Lever Against Inflationary Pressure, How Simulations Can Help Us Solve the Climate Crisis in a Way That Benefits Everyone. The offer exceeds Splunks current market capitalization by $2 billion, but reports indicate the two companies havent discussed it yet. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . Report of unscheduled material events or corporate event, A statement of beneficial ownership of common stock by certain persons. The analyst believes Cloudera shareholders are getting a good deal with the private equity buyout."We note CLDR has been the target of acquisition rumors since mid-2020, and thus we view the . Vlocity gave . (if applicable) for The Wall Street Journal. Making the world smarter, happier, and richer. As a subscriber, you have 10 gift articles to give each month. Splunk experts provide clear and actionable guidance. Cisco has offered to buy business analytics provider Splunk, private equity-backed private security giant Allied Universal could be taken public in a $20 billion, three-way SPAC merger, and Apollo . Our servers do not recognize your request. Splunks acquisition of Phantom Cyber adds security orchestration, automation and response to Splunks portfolio and extends automation capabilities to Splunk's customers in security and IT. Splunk is a developer of software used to collect, index, search and analyze machine-generated data from websites, applications, sensors and devices. 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. 10 . splunk acquisition rumors 2020; joaquin niemann sponsors. So Splunk appears to have staying power, and is bound to benefit from the growth of the enterprise data analytics industry this decade. "We have been . We continue to see incredibly strong demand across our portfolio, emphasizing the criticality and relevance of Ciscos innovation. His clients may own shares of the companies mentioned. Access timely security research and guidance. At this price, it appears Cisco would be getting a steal, unless the price winds up being a lot higher than the $20 billion reported. 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, said Daniel Newman, Futurums principal analyst. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The company has been pivoting to a recurring revenue model by shifting from traditional software licenses to cloud-based subscriptions while also steadily growing the customer base. 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. and is author of the Entrepreneur Journeys book series and Vision India 2020. Deliver the innovative and seamless experiences your customers expect. Billy Duberstein owns Amazon and Splunk. Deliver the innovative and seamless experiences your customers expect. A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. Head over to the Spiceworks Community to find answers. Splunk has acquired in 4 different US states, and 3 countries. At the time of the announced deal, that was some 30% above where Splunk stock was trading, although shares jumped nearly 10% higher on the news. Cisco and Splunk representatives declined to comment. It will also affirm Ciscos projected dominance in the sector in the years ahead. This Splunk shareholder hopes management holds out for a much higher price than was reported. Our robust order strength, record backlog and double-digit growth in annual recurring revenue position us well to deliver growth, said Chuck Robbins, chair and CEO of Cisco. This growth and its corner on a key market segment continue to make Splunk an attractive acquisition for Cisco, he said. Splunk is well off its highs and seems undervalued. My core competency is finding out people's issues in business. Cisco Has Discussed Deal for Software Company Splunk, https://www.nytimes.com/2022/02/11/technology/cisco-splunk.html. Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Discover what Splunk is doing to bridge the data divide. Cisco Systems made a takeover offer worth more than US$20 billion (A$28 billion) for software maker Splunk, the Wall Street Journal reported, citing people familiar with the matter. As a shareholder, I'm certainly hoping Splunk holds out for a higher price. Splunk's acquisition of TruSTAR extends its leadership in security analytics through cloud-native threat intelligence integration and automation. That compares with a $114 share price at the end of trading Friday and $127.45 after hours. eric kocher generation kill; blue shield of northeastern ny claims address; alycia debnam carey siblings; cauliflower jalapeno nobu; The data log management and monitoring software leader has also trailed behind its smaller higher-growth and cloud-native peers as it adapts its business to more modern customer needs. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series. Right now, Splunk stock is giving traders a potential breakout from its current trading range, as well as a monthly-up rotation over the January high of $124.72. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. Splunk's $1 billion cash windfall gets it access to some cheap capital -- at least cheap in the short-term. People close to the company said the talks occurred recently, according to the Journal. Pekka Lundmark, Nokia Brand Reveal, Mobile World Congress Barcelona 2023. Adding to the complication is that Doug Merritt, Splunk's CEO over the past six years, resigned back in November, which sent the stock another leg down. Got a confidential news tip? , which broke the news on February 11, the two companies havent gotten around to discussing the acquisition yet. Splunks acquisition of Plumbr enhances the auto-instrumentation, real user monitoring and deep application performance monitoring capabilities of Splunks Observability solutions. While Meraki, Sourcefire, OpenDNS, Acacia have been well-executed acquisitions, AppDynamics has stood out as a pure-play software acquisition that has not performed well (with AppDynamics revenue down Y/Y in some recent quarters). The industry leader for online information for tax, accounting and finance professionals. The offer was made recently and the companies arent currently in active talks, some of the people said. Initial filing by director officer or owner of more than ten percent. Company Location: U.K. Press Release: 1/30/2020 Xerox Acquires Arena Group, Expands Presence in European SMB Market. Visit ESPN to view the Cincinnati Reds team transactions for the current and previous seasons You may change your billing preferences at any time in the Customer Center or call Jun 11, 2018 . 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? Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. Splunks acquisition of Metafor expands our capabilities in IT operations and security incident and event management (SIEM) by adding machine learning and anomaly detection to our solutions, which helps customers detect unknown and malicious threats. Anyone can read what you share. These two acquisitions formed the basis . A rumored Mandiant acquisition discussion may hint at Microsoft's 2022 kickoff to major cybersecurity firm buys. The Wall Street Journal reported that Cisco offered the data observability and security information and event management (SIEM) provider $20 billion. In GlobalDatas thematic scorecard for application software, Splunk ranked fifth out of 45 companies, and the company also boasts a score of 5 out of 5 in the cybersecurity theme. However, an ability to package Splunks leading Security analytics and ITOM solutions with other security offerings, further optimize distribution and pricing, could present very interesting potential M&A synergies for Cisco, Marshall added. Cisco CEO Chuck Robbins. . But the advent of the cloud has shifted these needs away from legacy IT systems, and Splunk wasn't exactly ready for the change. Cisco did not immediately respond to a request for comment. In 2020, asset management went on a shopping spree. Over half of Rigor's customers are already Splunk customers, so when they came calling as a potential acquirer, it was a perfect fit. 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. The Motley Fool has a disclosure policy. If you feel that youve landed on this page in error, please contact SDxCentral Support. Here's how they differ, Bank of America loves this under-the-radar streaming stock out of China, sees 30% gain.