Page 19 - Gary Steele News Today

Cisco's acquisition of Splunk is expected to close in Q3 of 2024, subject to the approval of regulators and Splunk's shareholders.

Cisco Systems will buy cybersecurity software company Splunk for $157 per share in cash, or approximately $28 billion in equity value, in a move that analysts see as an "aggressive strategic play in cybersecurity."

The Cisco-Splunk deal positions the two cybersecurity giants for newer markets like XDR, but they face regulatory and market challenges.

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Expectations for another potential rate hike sent yields on both the 2-year and 10-year Treasury bonds to their highest levels in almost two decades. Stocks continued their post-Fed slump Thursday, with all 11 S&P 500 sectors finishing in the red. While the central bank held rates steady at its September meeting, it left the door open for another rate hike by year's end – news that sent Treasury yields spiking to levels not seen in nearly two decades. Indeed, the 2-year Treasury...

By buying Splunk Inc. for $157 per share, Cisco will demonstrate its commitment to cybersecurity and AI-driven security.

Splunk is soaring today after agreeing to be acquired by Cisco.

The largest deal Cisco has ever announced moves it further away from its roots in network hardware and into higher-margin software subscriptions.

Expectations for another potential rate hike sent yields on both the 2-year and 10-year Treasury bonds to their highest levels in almost two decades.

The deal will add another prominent cybersecurity company to Cisco’s portfolio. In the past eight months alone, the company has acquired email and AI cybersecurity firm Armorblox, cloud security firm Lightspin and network security business Valtix.