splunk acquisition rumors 2020

splunk acquisition rumors 2020

Network gear maker Cisco Systems Inc has made a takeover offer worth more than $20 billion for software maker Splunk Inc , the Wall Street Journal reported on Friday, citing people familiar with . Splunk (SPLK) Q4 2023 Earnings Call Transcript, The Nasdaq Could Soar in 2023 -- 5 Stocks Down 57% to 91% to Buy Before It Does, Why Splunk Shares Gained 10.8% Last Month, 1 Monster Growth Stock to Buy Hand Over Fist, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The people requested anonymity because the information is confidential. See here for a complete list of exchanges and delays. The announcement marks a return to M&A activity for Splunk and the massive $1.05 billion deal for SignalFX in 2019. The report about said discussions comes not long after Microsoft's mammoth $70 . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. No deal is currently on the table, according to two people familiar with the talks, but Cisco could pay more than $20 billion, one said. Cisco did not immediately respond to a request for comment, while a spokesperson for Splunk said the company did not comment on rumors or speculation. Splunks acquisition of Cloudmeter adds new capabilities to Splunk products that enable customers to analyze machine data directly from their networks and correlate it with other machine-generated data to gain insights in application and infrastructure management, IT operations, security and business analytics. This allows me to: * Improve business processes and generate change successfully in organisations<br>* Manage . Every sell-side analyst on Wall Street has a higher price target than Friday's close, with the lowest at $120 per share, and the highest at $225 per share, with the average at $162. Splunk named after spelunking, the sport of cave exploring mines data for insights, including security threats, a business that grew in importance as the coronavirus pandemic quickly forced many workers online. We continue to see incredibly strong demand across our portfolio, emphasizing the criticality and relevance of Ciscos innovation. At this price, it appears Cisco would be getting a steal, unless the price winds up being a lot higher than the $20 billion reported. Report of unscheduled material events or corporate event, A statement of beneficial ownership of common stock by certain persons. and is author of the Entrepreneur Journeys book series and Vision India 2020. for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space. Pundits speculate that Google parent Alphabet could acquire ServiceNow, Atlassian, Splunk or perhaps Zayo.. We would love to hear from you! Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool owns and recommends Amazon, Cisco Systems, Datadog, and Splunk. To make the world smarter, happier, and richer. Splunks acquisition of Phantom Cyber adds security orchestration, automation and response to Splunks portfolio and extends automation capabilities to Splunk's customers in security and IT. She added that the acquisition of Splunk will help Cisco achieve growth in this segment. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. About Broadcom Corp.: Broadcom Inc. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. In June, the private-equity firm Silver Lake invested $1 billion in Splunk to help with that transition. In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer (CEO) and that the company's chair, Graham Smith, would be the interim CEO. Splunk finished trading on Friday at roughly an $18 billion market cap, and after the after-hours surge, the market cap rose to $20.2 billion. Cisco Has Discussed Deal for Software Company Splunk, https://www.nytimes.com/2022/02/11/technology/cisco-splunk.html. Discover what Splunk is doing to bridge the data divide. Cisco, a leader in unified access security and multifactor authentication thanks to its 2018 $2.35 billion Duo Security buy, could be complimented by Splunks strength around security operations, which the company came by from its own 2018 acquisition of Phantom Cyber, a company specializing in security orchestration, automation and response capabilities. Here are 12 other startups analysts say it could buy to fend off competitors. Our servers do not recognize your request. Big banks and activist investors snapped up shops, there were mega-mergers between one-time rivals, and subsidiaries spun off. Dropbox revenue for the twelve trailing months ending September 30, 2020 was $1.856B, a 16.63% increase year-over-year. That would equate to a market cap of just over $25 billion. According to Futurum Research, the deal would be a good fitOpens a new window for both companies. If it . Just to provide a sense of the activity, Cisco conducted nine acquisitions in 2020, six in 2021, and has conducted one YTD in 2022. Statement of changes in beneficial ownership of securities. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. No deal is currently on the table, according to two people familiar with the talks, but Cisco could pay more than $20 billion, one said. 2005 - 2023 Splunk Inc. All rights reserved. Ciscos planned acquisition of Splunk has received favorable reactions from industry analysts. The data log management and monitoring software leader has also trailed behind its smaller higher-growth and cloud-native peers as it adapts its business to more modern customer needs. Reporting by Jahnavi Nidumolu and Juby Babu in Bengaluru; Editing by Leslie Adler, Richard Chang and Sandra Maler, Exclusive: Nvidia's plans for sales to Huawei imperiled if U.S. tightens Huawei curbs-draft, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Taiwan's TSMC to recruit 6,000 engineers in 2023, US prepares new rules on investment in technology abroad- WSJ, Exclusive news, data and analytics for financial market professionals. Listen to article. Save Search . Splunk Redefines the Application Performance Monitoring Market. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. His clients may own shares of the companies mentioned. Our Standards: The Thomson Reuters Trust Principles. Cisco Sues Acacia Over Termination of $2.6B Merger Deal, Cisco Revamps Webex People Insights To Meet Hybrid Workplace Needs, Cisco Breaks Into CXaaS Market With Two Acquisitions, VMware and Cisco Continue To Battle for SD-WAN Supremacy. My core competency is finding out people's issues in business. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. Investment advisory firm The Motley Fool said the acquisition would make a lot of strategic sense for Cisco, which has aimed to move beyond its historical emphasis on hardware to incorporate more software and services offerings.. VictorOps . You can manage your preferences at any time. This page tracks and reports on important merger news in real-time . Additionally, cloud revenue has a lower gross margin than term software licenses, but that's generally made up for in higher growth. It has more recently sought to shift toward cloud computing and catch up with its competitors, like Datadog, that started their business in the cloud. The reported deal would be the . *Average returns of all recommendations since inception. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. (1 minute) Cisco Systems Inc. has made a takeover offer worth more than $20 billion for software maker Splunk Inc., according to people familiar with the matter, in what would . Cloud annual recurring revenue (ARR) has been off to the races and was up 83% year over year in Q1 fiscal 2022 to $833 million, but these changes have throttled overall revenue expansion. Our robust order strength, record backlog and double-digit growth in annual recurring revenue position us well to deliver growth, said Chuck Robbins, chair and CEO of Cisco. Opinion: Yes, Theres a Housing Crisis. Ciscos acquisition offer shows us that cybersecurity will continue to be a key driver of mergers and acquisitions (M&A) in 2022. You will be notified in advance of any changes in rate or terms. Pekka Lundmark, Nokia Brand Reveal, Mobile World Congress Barcelona 2023. The reported Cisco-Spunk deal could position the company as a much more formidable security player with competitor Palo Alto Networks. Cost basis and return based on previous market day close. According to Newman, Splunk underwent a rough phase in 2021, losing its CEO and witnessing its stock price taking a tumble, but the company still packs a punch and offers a lot of value to potential buyers. Splunk (SPLK -1.40%) has been a severe underperformer in the last year. At the peak of its after-hours move, Splunk was valued at more than $20 billion, up from $18.2 billion at the close of trading. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. That's a change from its traditional business model of selling perpetual software licenses, deployed in customers' data centers. The notes only bear an interest rate of 0.75%, but convert to equity at $160 per share. Sep 12, 2021. Splunks acquisition of Drastin expands Splunks search-driven analytics capabilities and enhances our ability to provide an intuitive search experience for our customers. Splunk said it does not comment on rumors or speculation. According to a follow-up report from Bloomberg, talks between the companies broke down in recent weeks. See why organizations around the world trust Splunk. Initial filing by director officer or owner of more than ten percent. All Rights Reserved. And cloud-based annualized recurring revenue grew 75%, with a cloud-based net retention rate of 130%. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. Splunk (SPLK) Q4 2023 Earnings Call Transcript, The Nasdaq Could Soar in 2023 -- 5 Stocks Down 57% to 91% to Buy Before It Does, Why Splunk Shares Gained 10.8% Last Month, 1 Monster Growth Stock to Buy Hand Over Fist, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? I think Splunk could be cheap right now after its underwhelming performance in the last year, though, and private equity firm Silver Lake seems to think so too. See why organizations trust Splunk to help keep their digital systems secure and reliable. Ciscos Bold Move to Boost Cybersecurity M&As in 2022, Sapana Maheria, practice head of Thematic Research at GlobalData, believes that if the acquisition goes through, it will. Build resilience to meet todays unpredictable business challenges. Sign up to Stock Advisor for $79 for 1 year, Save 15% on orders of $100+ with Kohl's coupon, How Chilis Is Prepping for Tough Times, Starting With the Fries, Electric Vehicles Are Shattering the Barrier to Adoption that Could Matter Most, The Surprising Ways Walking Delivers a High-Intensity Workout, The Tax Play That Saves Some Couples Big Bucks. In 2020, asset management went on a shopping spree. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . Splunk is currently unprofitable, and the stock has been unable to bounce back from last year's challenges with this interest rate cloud hanging over it. SDxCentral employs cookies to improve your experience on our site, to analyze traffic and performance, and to serve personalized content and advertising relevant to your professional interests. As of this writing, shares are down nearly 30% over the last 12-month stretch compared to a 36% run for the S&P 500. Shares of Splunk have fallen 49% since reaching a record in September 2020. A Division of NBCUniversal. Concurrent with Silver Lake's investment, Splunk said it will also begin executing a new $1 billion share repurchase plan (which should help offset any future conversion of the debt into new stock . The Company's most targeted sectors include internet software and services (50%) and software (29%).. Join Mergr and gain access to Splunk's M&A summary, the M&A summaries . Learn More. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line, said Daniel Newman, Futurums principal analyst. Jun 11, 2018 . Splunks acquisition of BugSense enhances our product offerings so that customers can analyze machine data directly from mobile devices and correlate it with other machine-generated data to gain Operational Intelligence. Two Days Mattered Most. [Related: Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series]. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line.. The . This growth and its corner on a key market segment continue to make Splunk an attractive acquisition for Cisco, he said. While Meraki, Sourcefire, OpenDNS, Acacia have been well-executed acquisitions, AppDynamics has stood out as a pure-play software acquisition that has not performed well (with AppDynamics revenue down Y/Y in some recent quarters). mutant fly stardew valley; nba waterboy salary per hour near new jersey; wimbledon draw 2022 wiki; london classical concerts 2022; beadnell camping pods When submitting your ticket, please include the RayID detailed below for a faster resolution. The positive reaction from investors has some logic to it. Customer Service. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Splunks acquisition of VictorOps adds collaborative incident management capabilities to Splunks portfolio and creates an analytics-driven Platform of Engagement for DevOps and IT customers to better prevent and resolve incidents. See here for a complete list of exchanges and delays. Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations. Read focused primers on disruptive technology topics. Splunk vs Uber I got the final offer from Splunk (P4: 230k, 15%, 440k/3yrs, TC=411k), probably the highest offer for P4. However, it appears Splunk has a fairly deep bench, especially with two big new hires from Amazon, so it should be able to find a suitable replacement either internally or externally. Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series. His clients may own shares of the companies mentioned. Transform your business in the cloud with Splunk. So, headline revenue numbers may be misleading, giving the impression Splunk is lagging behind cloud-native upstarts such as Dynatraceand Datadog. Deeply embedded in the largest companies and their technology systems, it would be a big undertaking to replace Splunk with a competitor. This is because of several transitions the company is undertaking at once. It's obviously a nice thing when someone is interested in your stock, but as a recent Splunk shareholder, I'm hoping the company doesn't sell, if the offer is in fact close to $20 billion. Graham V. Smith, the chairman of Splunks board, is currently serving as interim CEO to fill the leadership void. The final billion-dollar deal (until we hear about Slack perhaps) is the $1.33 billion Vlocity acquisition earlier this year. It's pretty likely Silver Lake didn't invest in Splunk to make 0.75%, but rather to make big money on the conversion. Apr 16, 2021 1:02 PM EDT. Accelerate value with our powerful partner ecosystem. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. . splunk acquisition rumors 2020lakeland correctional facility splunk acquisition rumors 2020. matthew 13:11 studylight; what game do bakers like to play. Access timely security research and guidance. Read the Wall Street Journal report here. However, a handful of major players, particularly in tech, have continued to expand through mergers and acquisitions. Its past deals include Acacia, a maker of optical network components; Luxtera, a semiconductor company; and ThousandEyes, a cloud intelligence company. In a note to investors, Morgan Stanley analyst Meta Marshall said the Splunk acquisition would help Cisco offer stiff competition to industry leaders in the cybersecurity space. . Splunk . a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. According to Futurum Research, the deal would be. You can see Splunk's revenue took a dip in 2020 as it went through the trough of this transition. If the deal goes through, Cisco is expected to gain a dominant position in the enterprise security market, she said. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Silver Lake obviously sees upside for Splunk stock and will collect a meager amount of interest along the way for its convertible debt stake in the company. Is Responsible AI a Technology Issue or a Business Issue. The industry leader for online information for tax, accounting and finance professionals. Nicholas Rossolillo owns shares of Dynatrace Holdings LLC and Splunk. Customer success starts with data success. Head over to the Spiceworks Community to find answers. In the most recent quarter, revenue growth came in at 19%, but ARR grew 37%. Splunks acquisition of SignalFx adds real-time monitoring and metrics for cloud infrastructure, microservices and applications, enhancing Splunks position as a leader in observability and APM. Sign In. Still, it does not have currently have a . Already a member? The purchase marks one of the largest ever for the software industry. Then there's also the balance sheet. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Cisco Systems' rumored acquisition offer for Splunk would create one of the largest cybersecurity vendors in the world..

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