Welcome to our dedicated page for Splunk news (Ticker: SPLK), a resource for investors and traders seeking the latest updates and insights on Splunk stock.
Splunk Inc. (NASDAQ: SPLK) is a pioneer in the field of making machine data accessible, usable, and valuable to everyone. Founded with the mission to address the complex challenges of managing massive streams of machine-generated big data, Splunk has become the leading software platform for machine data. The company enables customers to gain real-time operational intelligence, making it an invaluable tool for application management, IT operations, security, web intelligence, customer and business analytics, and more.
Splunk’s platform processes data generated by IT infrastructures, applications, mobile devices, website clickstreams, social data, sensors, and more, allowing organizations to harness the power of their machine data in ways previously unimagined. With more than three-quarters of the Fortune 100 and thousands of enterprises, universities, government agencies, and service providers as customers, Splunk’s influence in the tech industry is profound.
Recently, Splunk made headlines with a groundbreaking announcement. On September 21, 2023, Cisco (NASDAQ: CSCO) and Splunk announced a definitive agreement whereby Cisco intends to acquire Splunk for $157 per share in cash, equating to approximately $28 billion in equity value. This acquisition aims to leverage the complementary capabilities of both companies in AI, security, and observability to create a more secure and resilient digital world.
The acquisition will build on Splunk’s heritage of enhancing digital resilience and will accelerate Cisco’s strategy to securely connect everything to make anything possible. The combined capabilities will drive the next generation of AI-enabled security and observability, addressing the complex challenges of expanding threat surfaces and multiple cloud environments.
Upon the completion of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team, reporting to Cisco Chair and CEO Chuck Robbins. This union is expected to foster greater investments in new solutions, accelerated innovation, and increased global scale to support the needs of customers of all sizes.
Financially, the transaction is expected to be cash flow positive and gross margin accretive in the first fiscal year post-close, and non-GAAP EPS accretive in year two. It will also accelerate Cisco's revenue growth and gross margin expansion.
Splunk's integration into Cisco’s broad portfolio will provide enhanced security analytics and coverage from devices to applications to clouds. Together, they aim to unlock the true value of data and help make organizations more secure and digitally resilient. This merger represents the next phase of growth for Splunk, reinforcing its mission to help organizations worldwide become more resilient while delivering compelling value to shareholders.
For those seeking the latest updates and relevant information about Splunk Inc., the company's recent achievements and strategic moves, such as the Cisco acquisition, underscore its pivotal role in the tech industry and its continued impact on global digital resilience.
Splunk Inc. (NASDAQ: SPLK) released its State of Data Innovation report, highlighting a significant gap between organizations with mature data practices and those without. Companies with advanced data strategies are twice as innovative, launching two times more products and boosting employee productivity by 16%, nearly double that of less mature counterparts. The report surveyed 1,250 global managers and found that data innovators are more likely to monetize their data and expand into new markets.
Splunk Inc. (NASDAQ: SPLK) has announced its participation in the Jefferies Virtual Software Conference. The discussion will be led by Doug Merritt, president and CEO, and Jason Child, chief financial officer, on Wednesday, September 15, 2021, at 2:00 p.m. PT. Interested investors can access a live webcast through the Splunk Investor Relations website. Splunk is known for its Data-to-Everything Platform, which allows users to investigate, monitor, analyze, and act on data at any scale.
Splunk Inc. (NASDAQ: SPLK) has received the U.S. Department of Defense Impact Level 5 Provisional Authorization for its Splunk Cloud Platform, enabling U.S. Government agencies to utilize its secure cloud solutions for managing sensitive data. This authorization reflects Splunk’s commitment to meet the complex needs of government agencies and enhance data-driven decision-making. The platform's compliance with DoD standards is crucial for safeguarding valuable data against rising cyber threats.
Splunk Inc. (NASDAQ: SPLK) has been recognized as a market leader in AIOps by three prominent analyst reports: Omdia, Research In Action, and Constellation Research. Omdia's report highlights Splunk as the only vendor scoring a perfect 100% for solution breadth and being highly recommended by customers with a 99% rating from Research In Action. Additionally, Constellation Research included Splunk in its AIOps ShortList. These accolades reinforce Splunk's commitment to innovation and its effective AIOps platform, which offers extensive capabilities for IT management and operational insights.
Splunk Inc. (NASDAQ: SPLK) reported a strong fiscal second quarter, achieving Cloud ARR of $976 million, a 72% increase year-over-year. Total ARR rose to $2.63 billion, up 37%. Cloud revenue reached $217 million, marking a 73% growth. The company anticipates reaching $3.1 billion in total ARR by fiscal year end. Splunk's customer base expanded significantly, with 234 customers having Cloud ARR exceeding $1 million. The company also announced a $1 billion investment from Silver Lake Partners and launched new cloud-based platforms to enhance data value.
Splunk Inc. (NASDAQ: SPLK) has appointed Pamela Fusco as its Chief Information Security Officer (CISO), effective immediately. With over 30 years of security experience in both the public and private sectors, Fusco will oversee Splunk’s global security operations. Her mandate includes enhancing security strategies and managing risks to protect employees and customers. Before joining Splunk, she held key security roles at companies like Citibank and Merck, bringing valuable insights from her previous experience as a Splunk customer. This strategic appointment aims to bolster Splunk’s security platform amid evolving cyber threats.
Splunk Inc. (NASDAQ: SPLK) will announce its financial results for the second quarter ending July 31, 2021, on August 25, 2021. The release will include detailed financial information and will be available on the Splunk Investor Relations website after market close. A conference call hosted by the management team will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results and business highlights. Participants can join the call via a dedicated phone line or listen to the live audio webcast online.
On August 3, 2021, CERTIFY.me and Splunk Inc. announced a collaboration to launch SnapXT powered by Splunk, a new access control and authentication solution. This product integrates CERTIFY.me's SnapXT thermal imaging device with Splunk's Data-to-Everything™ platform, enabling organizations to derive actionable insights from data collected by SnapXT devices. Key features include touchless access control, temperature screening, and customizable dashboards for performance tracking. This partnership aims to enhance risk mitigation strategies, especially in the context of COVID-19.
Splunk Inc. (NASDAQ: SPLK) has announced the appointment of David DeWitt, a renowned database computer scientist, as Vice President and Technical Fellow. With over 45 years of experience, DeWitt's notable contributions include advancements in parallel database systems and foundational work on SQL Server at Microsoft. His role will focus on enhancing Splunk’s data technologies to facilitate cloud success for organizations. DeWitt aims to help companies analyze and act on data more efficiently across diverse sources and environments.
Splunk Inc. (NASDAQ: SPLK) announces key leadership changes to bolster its cloud success. Sendur Sellakumar has been appointed as the first Chief Cloud Officer, overseeing customer cloud transformation and strategy. Claire Hockin is now the Chief Marketing Officer, focusing on global marketing to enhance customer transition to cloud solutions. Garth Fort, from AWS, joins as Chief Product Officer to evolve Splunk’s software and cloud services. These appointments align with Splunk's commitment to advancing its Data-to-Everything platform and assisting organizations in cloud growth.
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