Cisco Stock News

Cisco Systems Inc (NASDAQ: CSCO ) recently offered over $20 billion to acquire Splunk Inc (NASDAQ: SPLK ). However, they were not in active discussions. Credit Suisse analyst Phil Winslow said he was "not surprised" by Cisco''s reported interest in Splunk, especially considering the strategic fit of the latter with Cisco''s existing IT security businesses and the prior acquisition of AppDynamics. Winslow said he has long viewed Splunk as a unique asset from a technology perspective. The company''s revenue metrics- in terms of both scale and growth- are consistent with some of the most iconic companies in the software industry''s history. Winslow has an Outperform rating and a price target of $225 (81% upside) on Splunk''s shares. Morgan Stanley analyst Meta Marshall said she would view a … Full story available on Benzinga.com

Cisco is reported to have made a bid worth more than $20bn for Splunk. The Wall Street Journal claims Cisco made an offer recently, but added that there are currently no active talks taking place. Neither Cisco nor Splunk have commented on the rumours, but the latter’s share price rose by more than 10 percent […]

Shares of Splunk Inc. undefined climbed more than 8% Monday on reports that Cisco Systems Inc. undefined has made a $20 billion acquisition offer for the…

Shares of Splunk Inc. ( SPLK , Financial) jumped by approximately 14% on Monday in the wake of reports late Friday of a $20 billion buyout offer from Cisco Systems Inc. ( CSCO , Financial).

Did you know the S&P 500 has a 60% chance of dropping on Valentine's Day? That's just one trend that could be worth watching this week.

SPLK stock is in the green this morning after it was reported that Cisco had offered $20 billion-plus for the software company.

Here is a look at early tech winners and losers following Monday''s opening bell.

A whale with a lot of money to spend has taken a noticeably bearish stance on Cisco Systems . Looking at options history for Cisco Systems (NASDAQ: CSCO ) we detected 11 strange trades. If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish. From the overall spotted trades, 6 are puts, for a total amount of $314,176 and 5, calls, for a total amount of $206,260. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $70.0 for Cisco Systems over the last 3 months. Volume … Full story available on Benzinga.com

Splunk stock jumped amid reports Cisco made a $20 billion offer for the company. Cisco stock dipped as analysts mulled whether Splunk is a good fit.

Key Events This Week: FOMC Minutes, Retail Sales And PPI After a tumultous, roller-coaster week which packed weeks if not months in every single day, it''s a quieter week in terms of scheduled releases with the FOMC minutes on Wednesday - which as DB''s Jim Reid reminds us pre-date a 7.5% CPI print - the notable highlight, with US PPI and retail sales also on deck. Having said that the minutes published in the first week of January brought QT bang into the spotlight and started the rates sell-off so there is always room for surprises and remember that at the January FOMC press conference, Powell did suggest that the committee had held detailed discussion on the balance sheet so we may learn more. Then there is the Ukraine-Russia standoff, which together with thinking about rising interest rates, means that we won''t be able to relax after last week''s high octane events according to Reid. Or maybe not: according to the latest market survey conducted by Deutsche Bank which was conducted before Friday''s news that the US warned of a Russia attack on Ukraine as early as this week, showed that only 7% thought that this situation would be a major influence on markets in 2 months'' time.

Cisco (CSCO) potentially buying Splunk (SPLK) would have strategic value for the Chuck Robbins-led Cisco, but a significant amount of synergies too, Jefferies said in a research report.In…

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The switching giant reportedly made an offer of more than $20 billion for the IT monitoring and cybersecurity company.

Fourth-quarter earning season continues with reports from Walmart, Airbnb, Nvidia, ViacomCBS, Marriott, Shopify, and Cisco, and more. Plus, January PPI and retail sales.

Cisco's (CSCO) second-quarter fiscal 2022 performance is likely to reflect gains from solid Catalyst 9000 adoption, Webex and growing clout of security solutions.