Cisco ready for "AI revolution" as it acquires Splunk in $28 billion deal The merger will "revolutionize the way our customers leverage data to connect and protect every aspect of their ...

Today, Splunk investors got a prize when Cisco announced that it’s acquiring the company for $157 per share – that’s 30% higher than Splunk’s share price yesterday but also nearly 30% ...

Under the terms of the deal, Cisco is paying a hefty premium of $157 per share. When you consider that the 52-week low was $65 a share and it has hovered in the high 80s and low 90s much of this ...

Splunk is also moving toward a cloud-based subscription model, which always takes time. It is still doing material license revenues, which investors might not love, but given the sheer profit from ...

Cisco Systems Inc (NASDAQ: CSCO) announced a $28 billion all cash deal to buy cyber security company Splunk SPLK last week, marking the networking major’s largest acquisition yet. Splunk is a ...

Splunk is publicly held and for its fiscal 2023 (ended Jan. 31) the company reported revenue of $3.65 billion, up nearly 37 percent from $2.67 billion in fiscal 2022.

Cisco agreed on Thursday to buy Splunk, a data-analysis software company, for $28 billion in cash, as technology giants continue to look to acquisitions as a way to grow — particularly in hot ...

(Reuters) -Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in ...