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-- Splunk has an average rating of outperform and price targets ranging from $105 to $150, according to analysts polled by Capital IQ. Price: 144.52, Change: +24.93, Percent Change: +20.85 ...
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.
-- Splunk has an average outperform rating and a price target range of $105 to $157, according to analysts polled by Capital IQ. Price: 144.74, Change: +25.15, Percent Change: +21.03 ...
After going through a roller-coaster two years in which it hit an all-time and then lost 40% of its share value, Splunk is being acquired by Cisco.
Cisco acquires Splunk for $28B, its largest deal to date, aiming to pivot towards software and boost cybersecurity. The move adds $4B in annual recurring revenue.