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Cisco is valuing Splunk at $28 billion or $157 a share, a 31% premium to Wednesday's closing price. ... Splunk stock rose 21% to $144.85, while Cisco's stock dropped over 3%.
It is a horizontal technology used for application management, security and compliance, as well as business and web analytics. [3] In September 2023, it was announced that Splunk would be acquired by Cisco for $28 billion in an all-cash deal. [7] The transaction was completed on March 18, 2024.
It still needs approval from Splunk shareholders. Shares of Cisco Systems Inc. fell nearly 4% in early morning trading on Thursday, while Splunk's stock surged more than 20%. Show comments
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
In the latest trading session, Splunk (SPLK) closed at $113.20, marking a -0.34% move from the previous day.
Stock market prediction is the act of trying to determine the future value of a company stock or other financial instrument traded on an exchange. The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any ...
The stock of Splunk (NAS:SPLK, 30-year Financials) appears to be modestly undervalued, according to GuruFocus Value calculation.
us .spindices .com /indices /equity /dow-jones-industrial-average. The Dow Jones Industrial Average ( DJIA ), Dow Jones, or simply the Dow ( / ˈdaʊ / ), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes.