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. has released the State of Observability 2022 report, showcasing significant findings from a survey of 1,250 global observability experts. Leaders in observability reportedly save over
Splunk Inc. (NASDAQ: SPLK) has appointed Petra Jenner as Senior Vice President and General Manager for EMEA, a new role aimed at enhancing customer success in Europe, the Middle East, and Africa. Jenner, who joins from Salesforce, brings over 25 years of technology industry experience, including leadership roles at Microsoft and Checkpoint. Her responsibilities will include overseeing the go-to-market strategy and driving growth across the region. This strategic appointment is expected to position Splunk for success as organizations increasingly adopt data-driven approaches.
Splunk Inc. (NASDAQ: SPLK) has appointed Katie Bianchi as Senior Vice President and Chief Customer Officer, effective immediately. Bianchi, who joined Splunk in 2018, will supervise the global Customer Success and Professional Services teams. She has over 20 years of experience and previously served at GE as Vice President of Customer Success. CEO Gary Steele emphasized Splunk's commitment to delivering exceptional customer experiences, highlighting Bianchi's strategic leadership role in driving long-term success and scaling the business around customer needs.
Splunk Inc. (NASDAQ: SPLK) will announce its first quarter results for the period ending April 30, 2022, on May 25, 2022, after market close. The earnings report will be available along with financial details on the Splunk Investor Relations website. A conference call to discuss these results is scheduled for 1:30 PM PT (4:30 PM ET) on the same day, accessible via phone and live audio webcast. Following the call, a replay of the audio will be available for seven days.
Splunk (NASDAQ: SPLK) announced on April 13, 2022, the granting of restricted stock unit awards totaling 141,012 shares to 155 new employees. These awards are part of the 2022 Inducement Plan and serve as an incentive for joining the company. Vesting occurs over three years: one-third on June 10, 2023, with the remainder vesting quarterly thereafter, contingent on ongoing employment. Splunk focuses on transforming data for organizations worldwide, aiding them in monitoring and acting on information at any scale.
On April 11, 2022, Splunk Inc. (NASDAQ: SPLK) granted equity awards to newly appointed CEO Gary Steele. The awards included a total of 240,086 shares: 96,034 as restricted stock units and 144,052 as performance units, contingent on achieving specific performance metrics over three years. The restricted stock units vest over four years, while the performance units are tied to relative total stockholder return, with vesting based on predefined performance thresholds. This move aligns with Splunk's commitment to engage and incentivize leadership.
Splunk Inc. (NASDAQ: SPLK) released its State of Security 2022 report, revealing alarming cybersecurity trends. The survey, involving over 1,200 security leaders, found that 65% encountered increased cyberattacks, with 49% experiencing data breaches in the past two years. Ransomware attacks affected 79%, causing operational disruptions, where 54% reported monthly unplanned outages. Talent shortages are also a pressing issue, with 85% struggling to recruit and retain qualified staff. Despite these challenges, 67% of organizations are investing in advanced security technologies.
Splunk Inc. (NASDAQ: SPLK) has appointed Luis Felipe Visoso to its Board of Directors, effective immediately. Visoso, currently the Senior Vice President and CFO at Unity Software, brings nearly 30 years of financial expertise from his roles at major technology firms such as Palo Alto Networks and Amazon Web Services. The appointment aims to enhance Splunk’s financial strategy as it seeks growth opportunities, particularly in the cloud security space. Interim CEO Graham Smith expressed confidence in Visoso’s experience to drive innovation and value for shareholders.
Splunk Inc. (NASDAQ: SPLK) has announced the appointment of Gary Steele as CEO, effective April 11, 2022. Steele brings over 30 years of experience, notably as the founding CEO of Proofpoint, where he oversaw significant growth. His expertise in SaaS and cybersecurity will drive Splunk's vision toward achieving $5 billion in revenue. Interim CEO Graham Smith will resume his role as Chair following the transition. This update coincides with the release of Splunk’s fourth quarter and fiscal year 2022 financial results, illustrating ongoing strategic changes within the company.
Splunk Inc. reported strong financial results for the fourth quarter and full year ended January 31, 2022. Total Annual Recurring Revenue (ARR) grew 32% to $3.12 billion, with cloud revenue increasing 70% to $944 million. Q4 total revenues reached $901 million, a 21% year-over-year rise. The company appointed Gary Steele as CEO effective April 11, 2022, following Graham Smith’s interim leadership. For Q1 2023, Splunk expects revenues between $615 million and $635 million, with a total ARR target of approximately $3.9 billion for the fiscal year.
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