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 introduced significant enhancements to its security and observability platforms, aiming to strengthen digital resilience for organizations. Key innovations include upgrades to Splunk Mission Control and the Splunk Observability Cloud, alongside the general availability of Splunk Edge Processor. The enhancements focus on simplifying security processes and improving visibility for ITOps and DevOps teams. These innovations leverage advanced analytics to help organizations prevent security incidents and enhance operational efficiency.
Splunk Inc. (SPLK), a leader in cybersecurity and observability, reported a strong fiscal fourth quarter for 2023 with total revenues reaching $1.251 billion, a 39% increase year-over-year. This marks the first time quarterly revenues exceeded $1 billion. GAAP net income stood at $269 million, with GAAP EPS at $1.44. For the fiscal year, total revenues were $3.654 billion, up 37% year-over-year, and cloud revenue grew by 54%. The company expects total revenues for Q1 2024 to be between $710 million and $725 million, and annual recurring revenue (ARR) to reach approximately $3.7 billion.
Splunk Inc. (NASDAQ: SPLK) will participate in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, on March 6, 2023. The discussion hosted by President and CEO Gary Steele and CFO Brian Roberts will start at 12:55 p.m. PT. Interested parties can access a live webcast of the event via the Splunk Investor Relations website.
Splunk provides a powerful data platform that helps organizations analyze and act on data at any scale, enhancing security and observability.
Splunk Inc. (NASDAQ: SPLK) will report its fourth quarter and full year financial results for the period ending January 31, 2023, on March 1, 2023, after market close. This announcement includes a press release with comprehensive financial information. Investors can engage in a conference call at 1:30 PM PT (4:30 PM ET) to discuss the results and business highlights. Access to the call is available via a dedicated phone number or through a live audio webcast on Splunk's Investor Relations website.
Splunk Inc. (NASDAQ: SPLK) has appointed Brian Roberts as the new Chief Financial Officer (CFO), effective immediately. Reporting to CEO Gary Steele, Roberts brings 30 years of financial expertise from notable companies like Lyft, Microsoft, and Walmart. His previous experience includes significant growth achievements, notably at Lyft, where he managed a 70-fold increase in annual revenue. Roberts expressed enthusiasm for Splunk's innovative platform and potential for strong financial performance, aiming to support the company's balance of durable growth and profitability.
Splunk Inc. (NASDAQ: SPLK) has unveiled its 2022 Global Impact Report, highlighting advancements in social impact, ethical growth, data responsibility, and environmental sustainability. The company allocated over
Splunk Survey highlights significant challenges faced by public sector organizations in utilizing data for cybersecurity. The survey reveals that 63% of public sector entities struggle with data leveraging compared to 49% in the private sector. Additionally, two-thirds (66%) of public agencies find it tough to mitigate cybersecurity incidents.
Both sectors identify a need for improved intelligence sharing to enhance visibility and response capabilities. Planning for future investments includes monitoring, threat intelligence, and security assessments.
Splunk Inc. (NASDAQ: SPLK) has announced a five-year extension of its Strategic Collaboration Agreement with Amazon Web Services (AWS) during AWS re:Invent 2022. The company was recognized as the ISV Partner of the Year in North America at the Regional and Global AWS Partner Awards. Splunk also unveiled a public preview of the Splunk Add-on for Amazon Security Lake, enabling customers to simplify security data management and improve threat detection through OCSF compliance. This collaboration aims to facilitate business data challenges and accelerate cloud migration for joint customers.
Splunk Inc. (NASDAQ: SPLK) reported a strong fiscal third quarter with total revenues increasing 40% to $930 million, while cloud revenue surged 54% to $374 million. The company achieved a GAAP EPS of $(0.20) and a Non-GAAP EPS of $0.83. Splunk raised its full-year revenue outlook to between $3.455 billion and $3.485 billion, alongside a projected free cash flow of at least $420 million. The Cloud Dollar-Based Net Retention Rate stood at 127%, signaling strong customer loyalty.
Splunk Inc. (NASDAQ: SPLK) will announce its financial results for the third quarter ended October 31, 2022 on November 30, 2022. The results will be published after market close and available on the Splunk Investor Relations website. Additionally, a conference call will be held at 1:30 p.m. PT to discuss these results and business highlights. Shareholders can join the call by dialing (800) 715-9871 in the U.S. or (646) 307-1963 internationally, using conference ID 5441433.
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