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) has appointed Teresa Carlson as President and Chief Growth Officer, effective April 19, 2021. Carlson brings over 25 years of experience, having previously led AWS’s Worldwide Public Sector. She will oversee sales and marketing to enhance Splunk's cloud-first initiatives and explore new market opportunities. CEO Doug Merritt expressed confidence in her ability to drive growth and innovation at Splunk. Carlson aims to leverage her expertise to strengthen customer engagement and expand Splunk's presence in the enterprise software sector.
Splunk Inc. (NASDAQ: SPLK) announces that the University of Illinois Urbana-Champaign utilizes Splunk Cloud for the administration and analysis of over 100,000 weekly COVID-19 tests. The university has conducted more than 1.5 million saliva tests since launching its program in July 2020. Additionally, a public testing data dashboard and the Safer Illinois App support health and safety measures on campus. Splunk's technology aids in data-driven decision-making to ensure a safe campus environment while enhancing the academic experience for students and faculty.
Splunk Inc. (NASDAQ: SPLK) has been recognized as a Leader and the only Outperformer in the GigaOm Radar for Cloud Observability, 2021. The report highlights Splunk’s capabilities in massive scalability, sophisticated in-stream analytics, and OpenTelemetry support. This success is attributed to its comprehensive observability portfolio, enhanced by acquisitions like SignalFx and Omnition. The GigaOm report underscores the necessity of effective observability tools in today’s hybrid multicloud environments, emphasizing Splunk's alignment with industry needs.
Splunk Inc. (SPLK) reported its fiscal Q4 and full-year results for 2021, highlighting a Cloud ARR growth of 83% to $810 million and a total ARR increase of 41% to $2.36 billion. While total revenues declined 6% year-over-year to $745 million, the company achieved cloud revenue of $171 million, up 72%. Despite GAAP operating loss of $780 million and negative operating margins, Splunk aims to leverage its Data-to-Everything Platform for future growth. Guidance for Q1 2022 includes total ARR between $2.42 billion and $2.44 billion and revenues between $480 million and $500 million.
Splunk (NASDAQ: SPLK) announced its upcoming participation in two investor events. Doug Merritt, president and CEO, alongside Jason Child, chief financial officer, will host a discussion and Q&A at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 10:15 a.m. PT. They will also present at the Truist Securities Technology, Internet & Services Conference on March 9, 2021, starting at 2:00 p.m. PT. Webcasts of these sessions will be accessible via the Splunk Investor Relations website.
Splunk (NASDAQ:SPLK) and McLaren Racing have announced a multi-year partnership extension, continuing Splunk's role as the official technology partner of McLaren's Formula 1 team. Since 2020, Splunk's Data-to-Everything Platform has enhanced McLaren's performance by improving decision-making and operations using data. The partnership includes Splunk branding on driver overalls and race cars. Both companies emphasize the importance of data in achieving high performance in Formula 1.
Splunk Inc. (NASDAQ: SPLK) is set to release its fourth-quarter and full-year financial results for the period ending January 31, 2021, on March 3, 2021. The earnings report will be issued after market close and accessible through the Splunk Investor Relations website. Following the release, an executive management conference call will commence at 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial results and business insights. Interested participants can join via phone or through a live audio webcast available on the website.
Splunk Inc. (SPLK) reported strong fiscal Q3 2021 results, showcasing significant growth in its cloud operations. Cloud ARR surged to $630 million, marking a 71% year-over-year increase, while total ARR reached $2.07 billion, up 44%. However, total revenues fell 11% to $559 million. The company celebrated its milestone of over 444 customers with ARR exceeding $1 million, highlighting ongoing demand for data-driven insights. Looking forward, Splunk anticipates total revenues between $650 million and $700 million for Q4 2021.
Splunk Inc. (NASDAQ: SPLK) has announced its participation in four key investor events. Tim Tully, CTO, will speak at the KeyBanc Capital Markets Cloud Leadership Series on December 3, 2020. Doug Merritt, CEO, and Jason Child, CFO, will present at the Credit Suisse 24th Annual Technology Conference the same day. Additionally, they will take part in the Raymond James Technology Investors Conference on December 7, and a session at the Barclays Global TMT Conference on December 10. Webcasts are available on the Splunk Investor Relations website.
FAQ
What is the market cap of Splunk (SPLK)?
What is Splunk Inc.?
What is the recent major news about Splunk?
What will the acquisition by Cisco mean for Splunk?
Who will lead Splunk after the acquisition?
How will the acquisition impact Cisco's financials?
How widespread is Splunk's customer base?
What does Splunk's platform do?
Will Splunk continue to innovate after the acquisition?
What are the expected benefits of this acquisition for customers?
What is the mission of Splunk Inc.?
