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 third-quarter results for the period ending October 31, 2021, on December 1, 2021. The financial results will be released following market close, accompanied by a press release available on the Splunk Investor Relations website. A conference call with the executive management team is scheduled for 1:30 p.m. PT (4:30 p.m. ET) to discuss the results and business highlights. Interested individuals can join the call via phone or listen to a live audio webcast on the investor relations site.
Splunk Inc. (NASDAQ: SPLK) has launched the Government Logging Modernization Program aimed at assisting Federal agencies in complying with the Biden Administration's cybersecurity requirements. This program includes significant discounts on cloud services, expanded storage options, and dedicated support services. Agencies are mandated to capture log data for 30 months and standardize logging processes by August 2022. Splunk's offerings are designed to simplify compliance, enhance cybersecurity resilience, and provide a unified view of data for improved operational efficiency.
Splunk Inc. (NASDAQ: SPLK) announced enhancements to its Splunk Cloud Platform and Splunk Enterprise, aimed at aiding over 20,000 customers in their digital transformations. New features include improved data visibility from edge to cloud, enhanced search capabilities, and customizable solutions for various use cases. Splunk's workload pricing model allows customers to scale services effectively. Collaborating with Intel, Splunk aims to provide a high-performance data innovation platform. The company emphasizes the importance of data management amid growing complexity in cloud environments.
Splunk Inc. (NASDAQ: SPLK) has announced significant enhancements to its observability portfolio, aimed at boosting application performance and productivity.
The new features include Splunk Application Performance Monitoring, Real User Monitoring, and others, enabling businesses to achieve faster innovation and improved user experiences. Customers like Agero report enhanced efficiency and customer satisfaction through these solutions. With these advancements, Splunk aims to address the increasing challenges faced by IT and DevOps teams in a cloud-native environment.
Splunk Inc. (NASDAQ: SPLK) unveiled a series of innovations aimed at enhancing security for organizations navigating digital transformation. These advancements, including updates to Splunk Security Cloud and Splunk SOAR, enhance security visibility and response times in a complex threat landscape. Splunk's extensive partner integrations, exceeding 2,400, enable effective Security Operations Centers (SOCs) to manage evolving risks. The launch of the SURGe team aims to bolster support during critical cyber incidents, while new visualizations and Risk-Based Alerting improve operational insights and threat detection.
Splunk Inc. (NASDAQ: SPLK) has unveiled its new Splunk Partnerverse Program, aimed at enhancing its partner ecosystem of over 2,200 partners. The program, launching in February 2022, features a new badging system to validate partner expertise in areas like Cloud Migration and Zero Trust Services. This initiative is designed to help customers quickly identify qualified partners and enhance their cloud adoption efforts. Additionally, the program includes a Partner Solutions Catalog to showcase innovative offerings and drive better customer engagement.
Accenture (NYSE: ACN) and Splunk Inc. (NASDAQ: SPLK) have launched a new business group aimed at enhancing technology investments and providing innovative solutions for enterprises. This collaboration focuses on maximizing insights from data, particularly through AI-powered IT operations, security automation, and intelligent supply chains. With a team of approximately 8,000 skilled professionals, the group aims to help clients leverage real-time data to improve operations. The partnership has already demonstrated success with clients like Coles Supermarkets, improving supply chain management and customer satisfaction.
Splunk Inc. (NASDAQ: SPLK) is set to host its 12th annual user conference, .conf21, on October 19-20, 2021, in a free virtual format. Expected attendance is over 20,000 users with 60+ sponsors. The conference will offer more than 200 technical sessions covering Security and Observability. Keynote speeches will unveil new product innovations aimed at aiding digital transformation. Notably, attendees will hear from Splunk executives and partners, and engage in interactive events to harness data for improved business outcomes.
Splunk Inc. (NASDAQ: SPLK) has reinforced its commitment to data democratization as the top contributor to OpenTelemetry, announcing a significant donation of the extended Berkeley packet filter (eBPF) collector. This initiative aims to enhance observability data collection for modern applications. The eBPF collector improves network visibility, minimizing detection times of infrastructure issues and boosting team productivity. Splunk's support for OpenTelemetry allows organizations greater flexibility in data collection, fostering digital transformation and enhancing business performance.
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