Splunk stock jumps 20% on Cisco deal

10:40am, Thursday, 21'st Sep 2023
Splunk Inc (NASDAQ: SPLK) opened more than 20% up on Thursday after Cisco Systems Inc (NASDAQ: CSCO) said it will buy the cybersecurity firm for about $28 billion. Cisco values Splunk stock at $157 Th
Cisco Systems (NASDAQ:CSCO) premium-priced cash takeover of Splunk Inc (NASDAQ:SPLK) may be the first ripple in a ‘tidal wave' of software M&A heading for the market as AI-related catalysts drive de

2023 Layoff Tracker: Cisco Cuts 350 Employees

10:19am, Thursday, 21'st Sep 2023
Layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence
CNBC's 'Squawk on the Street' crew discuss the latest acquisition.
Investors seem uncertain about the immediate future for stocks. FedEx reported solid gains in earnings in its most recent quarterly report.
The acquisition positions Cisco to build the “next generation of AI-enabled security and observability,” according to its CEO.
Cisco announced Thursday it is buying Splunk in a deal valued at about $28 billion, or $157 per share in cash. It is expected to close in the third quarter of 2024.
Splunk Inc (NASDAQ:SPLK) is to be bought by Cisco Systems (NASDAQ:CSCO) in a cash deal pitched at a big premium valuation. Cisco has agreed to pay Splunk shareholders $157 per share, versus Wednesday'

Cisco to purchase Splunk in $28 billion deal

08:08am, Thursday, 21'st Sep 2023
Cisco Systems Inc. plans to acquire Splunk Inc. in a deal valued at about $28 billion, the companies said Thursday.
Cisco Systems will acquire the cybersecurity and data analytics company for $157 a share in cash.
The pandemic lockdown, escalating tensions between Washington and Beijing, as well as the latest semiconductor ban have prompted U.S. companies to seek manufacturing alternatives abroad to shield them

Final Trades: Uber, Cisco & more

02:01pm, Tuesday, 19'th Sep 2023
The "Halftime Report" traders give their top picks to watch for the second half.
A year and a half after Ukraine was invaded by Russia, 84% of the nation's companies are fully operational, according to a survey by the American Chamber of Commerce in Ukraine.
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