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 announced its definitive agreement to acquire Flowmill, a cloud network observability firm based in Palo Alto. This acquisition aims to enhance Splunk's Observability Suite by improving customer capabilities in ingesting and analyzing cloud network data. Expected to close in the fiscal fourth quarter, the deal aims to optimize network performance and reduce costs. The integration of Flowmill's technology will complement previous acquisitions, advancing Splunk's strategic goal of delivering comprehensive observability solutions.
Splunk Inc. (NASDAQ: SPLK) has appointed retired Army General Dennis Via to its Board of Directors, enhancing its leadership with over 40 years of military and technology experience. General Via, currently an Executive Vice President at Booz Allen Hamilton, has a robust background in IT, cybersecurity, and logistics, previously commanding the U.S. Army Materiel Command. CEO Doug Merritt expressed confidence in General Via's ability to drive innovations within the public sector, emphasizing Splunk's commitment to delivering impactful data outcomes.
Splunk Inc. (NASDAQ: SPLK) will report its third quarter results for the period ending October 31, 2020, on December 2, 2020. The results will be shared in a press release after market close and will include comprehensive financial information. An executive conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results and business highlights. Interested parties can access the call via phone or through a live audio webcast available on the Splunk Investor Relations website.
Splunk Inc. (NASDAQ: SPLK) announced enhancements to its Data-to-Everything Platform during .conf20. Key innovations include the release of Splunk Enterprise 8.1, aimed at accelerating cloud transformation with improved productivity and insights. The company is strengthening its multi-cloud capabilities, offering tools like the Splunk Machine Learning Environment and Splunk Data Stream Processor for advanced analytics and data handling. Strategic partnerships, particularly with Google Cloud, enhance service delivery and scalability for customers navigating cloud journeys.
Splunk Inc. (NASDAQ: SPLK) has unveiled its Observability Suite at the .conf20 conference, integrating monitoring, investigation, and troubleshooting solutions for cloud readiness and digital transformation. This suite includes the Splunk Log Observer and Real User Monitoring, enhancing application performance monitoring and user experience insights. Additionally, Splunk announced the acquisition of Plumbr and plans to acquire Rigor, expanding its capabilities in Application Performance Monitoring. These developments aim to provide organizations with comprehensive visibility and efficiency in managing cloud applications.
Splunk Inc. (NASDAQ: SPLK) has launched new product innovations to enhance security operations in the cloud, including updates to Splunk Enterprise Security and Splunk Mission Control. These updates aim to modernize security operations for organizations transitioning to multicloud environments amidst rising cyber threats. The Mission Control Plug-In Framework allows integration with existing third-party security tools for improved visibility and control. Key partners, including Accenture and Crowdstrike, are involved in these developments, aiming for a more unified security experience in the Data Age.
Splunk Inc. (NASDAQ: SPLK) has announced significant enhancements to its IT Operations portfolio. Key updates include the launch of Splunk Service Intelligence for SAP, which integrates AI-driven monitoring with SAP solutions, and an upgraded version of Splunk IT Service Intelligence (ITSI). These innovations aim to support organizations in navigating their cloud transformation journeys by providing comprehensive visibility and operational efficiency. This aligns with the growing demand for cloud solutions amid the digital transformation accelerated by the pandemic.
Splunk Inc. (NASDAQ: SPLK) has acquired Plumbr, an application performance monitoring (APM) company, and signed a definitive agreement to acquire Rigor, a digital experience monitoring (DEM) company. These acquisitions enhance Splunk’s Observability Suite, providing advanced monitoring, optimization tools, and a comprehensive observability experience for cloud and on-premises environments. The integration aims to accelerate digital transformations, offering real-time insights vital for modern applications.
Splunk Inc. (NASDAQ: SPLK) has announced a virtual Investor & Analyst Session during its 11th annual user conference, .conf20, on October 21, 2020, at 10:30 a.m. PT. Executives, including CEO Doug Merritt, CTO Tim Tully, and CFO Jason Child, will participate in discussions and a Q&A session. Interested parties can access the session via the Splunk Investor Relations website. Splunk provides a Data-To-Everything Platform that enables organizations to analyze, monitor, and act on data efficiently.
Splunk Inc. (NASDAQ: SPLK) recently highlighted its growth and partner activities at .conf20, the 11th annual users conference. The Splunk Partner+ Program supports over 2,000 partner organizations globally. With over 6,300+ registrants, .conf20 focuses on transforming data into actionable insights. The Splunk Partner Portal saw a 42% increase in new user accounts in the first half of the year, indicating strong engagement. Splunk also recognized key partners at its Global Partner Awards, strengthening its collaborative efforts in cloud strategies and data insight.
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