Datadog Stock Dips Despite Early Signs Of Stabilization In Cloud Cost Optimizations
Datadog shares in August tumbled 17% in one session after the provider of cloud-based observability solutions reduced its 2023 revenue outlook.
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Datadog shares in August tumbled 17% in one session after the provider of cloud-based observability solutions reduced its 2023 revenue outlook.
The venture is expected to strengthen Cisco’s software business and accelerate its transformation to more recurring revenue.
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Cisco has a reputation of building the company through acquisitions, but it has tended to stay away from the really huge ones. With Splunk, it gets an observability platform that could fit nicely into its security business to help customers better understand security threats, while also helping parse oodles of log data to resolve other problems like helping understand system failures or troubleshoot myriad issues across a broad array of enterprise systems. Under the terms of the deal, Cisco is paying a hefty premium of $157 per share.