Splunk Stock News

It is a good time for the network giant to look for software deals, but Splunk may have some hidden costs.

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).

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.

In a previous article, I discussed Splunk's ( SPLK , Financial) transition towards a completely new revenue model, and how it was affecting its share price. Now, I believe there is an even more import

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

With Cisco (CSCO) reportedly looking into acquiring Splunk (SPLK), Credit Suisse said the analytics company is a unique asset for a number of reasons

Stocks started off lower in Monday''s premarket but were nearing a break-even start to regular trading.

https://www.investing.com/news/stock-market-news/splunk-soars-on-report-cisco-offering-20-billion-2763417

Do these tech stocks deserve your attention this Valentine's Day?

Global Markets Slide On Mounting Ukraine Tensions US index futures and global stocks extended their Friday losses on Monday, as worries about growing geopolitical conflict in Ukraine sparked concerns about global economic growth and adding to concerns about inflation and the prospect of aggressive Fed rate hikes to tame it. Nasdaq futures were down 1.2% by 715 a.m. ET after earlier sliding as much as 1.5%. S&P 500 futures slipped 0.8%, setting up the benchmark U.S. index to fall further from a two-week low reached on Friday. Treasury yields dropped further from a multi-year high hit on Friday and gold rose, while bitcoin extended its sharp decline from Friday. Focal points Monday include comments by St. Louis Fed President James Bullard at 8:30am ET. Airline stocks slid in premarket trading, following European peers lower, as growing concerns about geopolitical risks over Ukraine ripple through global markets. Lockheed Martin Corp. scrapped its bid to buy Aerojet Rocketdyne Holdings Inc. after the Federal Trade Commission sued to block the deal.

The stocks making the biggest moves in premarket trading include Splunk, Blackstone, Aerojet Rocketdyne, and more.