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) will announce its second-quarter financial results for the period ending July 31, 2022, on August 24, 2022. Following the market close, details will be available on the Splunk Investor Relations website. An executive conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Interested parties can join via phone or a live audio webcast. Splunk specializes in leveraging data for insightful analysis and operational action.
On June 14, 2022, Splunk Inc. (NASDAQ: SPLK) announced that its Talent & Compensation Committee granted restricted stock unit awards totaling 189,752 shares to 183 new employees under the 2022 Inducement Plan. Each award vests over approximately three years, with one-third vesting on June 10, 2023, and the remainder vesting quarterly over the next two years, contingent on continued employment. This initiative is in compliance with The Nasdaq Stock Market Listing Rule 5635(c)(4), aimed at incentivizing new hires.
Splunk Inc. (NASDAQ: SPLK) announced enhancements to its Partnerverse program during its Global Partner Summit at .conf22, aimed at accelerating partner success. Key updates include access to a 50GB Splunk Cloud Sandbox environment, training benefits for partners, and a new online Solutions Catalog for showcasing expertise. Additionally, Splunk is collaborating with AWS to establish a Customer Immersion Experience Center in London for tailored data strategy applications. Splunk was also recognized as Google Cloud's Technology Partner of the Year - Marketplace for its contributions to the Google Cloud ecosystem.
Splunk Inc. (NASDAQ: SPLK) announced that Nubank, one of the largest digital banking platforms globally, is leveraging the Splunk Cloud Platform to optimize services for nearly 60 million customers in Latin America. The partnership enables Nubank to enhance customer experience by efficiently managing data from various sources, leading to significant savings of
Splunk Inc. (NASDAQ: SPLK) unveiled new capabilities at its annual conference .conf22, aimed at enhancing security and observability across organizations. Key updates include the general availability of the Splunk Cloud Platform and Splunk Enterprise 9.0, which streamline data management and improve operational insights. Additional features such as the Splunk Incident Intelligence and Anomaly Detection Assistant leverage machine learning for enhanced incident response and anomaly detection. The Global Partner Summit introduced tools to empower over 2,400 partners, boosting collaboration and market reach.
Splunk Inc. (NASDAQ: SPLK) has announced significant enhancements to its Splunk Platform at the .conf22 user conference. New features in Splunk Cloud Platform and Splunk Enterprise 9.0 enhance data access, security, and cost efficiencies, allowing faster decision-making based on comprehensive data insights. Key improvements include Data Manager for easy data onboarding, Ingest Actions for better data management, and expanded cold storage options. These upgrades aim to enhance operational resilience, aid businesses in complexity management, and drive greater value from data.
Splunk Inc. (NASDAQ: SPLK) announces its 13th annual user conference, .conf22, taking place from June 13-16, 2022 in Las Vegas and virtually on June 14-15, 2022. With over 12,500 attendees and 60+ sponsors, this hybrid event will feature 200+ technical sessions and hands-on workshops. Highlights include a keynote by Splunk leaders and customers, along with guest speakers like Dr. Hakeem Oluseyi. The event aims to drive innovation through data, facilitating connections and sharing best practices among participants.
Splunk reported strong fiscal Q1 2023 results with total revenues of $674 million, a 34% year-over-year increase, and cloud revenue at $323 million, surging 66% year-over-year. The Cloud Dollar-Based Net Retention Rate stands at 130%, with 329 customers exceeding $1 million in cloud ARR, up 62% year-over-year. The company has raised its full-year revenue outlook to an expected $3.3 billion to $3.35 billion. Despite leadership changes, Splunk continues to make strides in the application performance monitoring sector, reflecting a solid market position and growth potential.
Splunk Inc. (NASDAQ: SPLK) announced on May 14, 2022, the grant of restricted stock unit awards totaling 146,936 shares to 193 new employees under its 2022 Inducement Plan. Each award's vesting period spans approximately three years, with one-third vesting on June 10, 2023 and the remainder vesting quarterly. This initiative follows The Nasdaq Listing Rule 5635(c)(4) and aims to attract talent.
Splunk helps organizations leverage data for operational improvements and decision-making.
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