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Splunks acquisition of Caspida adds Behavioral Analytics to Splunks security portfolio and expands our ability to address a broader set of security challenges faced by customers including advanced threats, insider threats and fraud. 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. Now there are reports Microsoft is looking to buy Mandiant, the cybersecurity software firm formerly known as FireEye that is . To make the world smarter, happier, and richer. 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. Its chief executive, Chuck Robbins, told analysts in December that Cisco would continue to look for acquisitions in security. We've been tracking company news on mergers and acquisitions since 1999. The Silicon Valley-based tech investor recently plopped $1 billion down on Splunk, a significant cash infusion given Splunk's current enterprise value sits at $23 billion. She, however, added a word of caution. Splunks acquisition of Metafor expands our capabilities in IT operations and security incident and event management (SIEM) by adding machine learning and anomaly detection to our solutions, which helps customers detect unknown and malicious threats. Requested URL: www.sdxcentral.com/articles/analysis/who-will-cisco-buy-instead-of-splunk/2022/02/, User-Agent: Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Cisco's offer comes when Splunk is actively hunting for a new CEO following . Build resilience to meet todays unpredictable business challenges. The positive reaction from investors has some logic to it. 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. *Average returns of all recommendations since inception. 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? In the most recent quarter, revenue growth came in at 19%, but ARR grew 37%. San Jose, CA-headquartered Cisco Systems, Inc. has reportedly offered $20 billion-plus to acquire data analytics giant Splunk. The . The biggest was IBM's $34 billion purchase of Red Hat in 2018, followed by Microsoft's $27 billion acquisition of LinkedIn in . 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. Momentum Just Isn't Happening. Splunk's 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. 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. Anyone can read what you share. "We have been . It will also affirm Ciscos projected dominance in the sector in the years ahead. Splunk's acquisition of Rocanas technology and intellectual property plus a number of Rocanas technical employees advances Splunk's market-leading machine data platform and machine learning capabilities. However, as Splunk gets further through the transition, revenue growth will gradually track closer to annualized recurring revenue (ARR), which includes the annualized value of all cloud, on-premise, and maintenance service contracts. 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. Big banks and activist investors snapped up shops, there were mega-mergers between one-time rivals, and subsidiaries spun off. 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. Douglas A. McIntyre. The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources. If it . That would equate to a market cap of just over $25 billion. 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. This allows me to: * Improve business processes and generate change successfully in organisations<br>* Manage . Sign In. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Invest better with The Motley Fool. First of all, Splunk is far off from its all-time highs, down about 48% from its 2020 highs at the end of trading on Friday. She can be reached at gnarcisi@thechannelcompany.com. splunk acquisition rumors 2020lakeland correctional facility splunk acquisition rumors 2020. matthew 13:11 studylight; what game do bakers like to play. But there's still lots of work to be done on the cloud business. Company Location: Mount Laurel, NJ. Heritage Business Systems. Daily chart of Splunk stock. Splunk makes acquisitions that are aligned with our business strategy and enable us to expand our product portfolio, address a broader set of customer challenges, and enhance our market leadership position as the platform for turning data into action. Shares of Splunk ( SPLK) - Get Free Report dropped Friday after the software developer disclosed that its chief technology officer, Tim Tully, would leave next month. Learn More. These are the highest quality stocks in the S&P 500 that could win in this volatile market, This growth ETF is leaving one of its top competitors in the dust. Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal. 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. In 2020, asset management went on a shopping spree. 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. Cisco and Splunk representatives declined to comment. Splunk's $1 billion cash windfall gets it access to some cheap capital -- at least cheap in the short-term. Nicholas Rossolillo owns shares of Dynatrace Holdings LLC and Splunk. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Precept is a leading multimedia networking software company. 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). Microsoft said last month that it was planning to acquire the video game company Activision Blizzard for nearly $70 billion, and Salesforce acquired the workplace software company Slack last year for $27.7 billion. and is author of the Entrepreneur Journeys book series and Vision India 2020. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Build, own, manage and support B2B and B2C web and mobile properties. Customer Service. The people requested anonymity because the information is confidential. The Motley Fool owns and recommends Amazon, Cisco Systems, Datadog, and Splunk. Ciscos growth is bogged down by a lack of foothold in the cloud-based subscription space which offers great promise for the future. The companys software can be used for managing IT systems, DevOps and security. Cisco did not immediately respond to a request for comment. 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. Cisco Systems made a takeover offer worth more than US$20 billion (A$28 billion) for software maker Splunk, the Wall Street Journal reported, citing people familiar with the matter. And over the past few years, Splunk has made a number of tuck-in acquisitions to enter into the hot observability space, which allows corporations to monitor the health of software applications, in addition to IT infrastructure. splunk acquisition rumors 2020; joaquin niemann sponsors. 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. However, cash on hand and positive free cash flow will fund that new $1 billion share repurchase program, which should help boost earnings per share over time. . SignalFx . Learn how we support change for customers and communities. a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. Initial filing by director officer or owner of more than ten percent. Learn how we support change for customers and communities. Splunk Redefines the Application Performance Monitoring Market. Already a member? Even though its cloud revenues zoomed 77% in the year, its overall revenue was down 5% year-over-year, and its operating cash flow was negative $191 million with free cash flow of negative $228 million. The acquisition by Cisco could provide much-needed breathing space for the company to invest heavily in cloud, IT security, and data observability platforms and digital transformation initiatives in the year ahead. Frisco, Texas, United States. 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. However, now it's coming through the other end of it: Even though Splunk is now past the bottom of the transition, revenue growth according to generally accepted accounting principles (GAAP) is still lagging behind the real recurring top line the company is taking in. Read focused primers on disruptive technology topics. Get this delivered to your inbox, and more info about our products and services. The board named Chairman Graham Smith as interim CEO and kicked off a search for a permanent replacement. While the revenue has been growing consistently, it has not grown at especially remarkable rates. Do you still have questions? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. And cloud-based annualized recurring revenue grew 75%, with a cloud-based net retention rate of 130%. Is this the software value stock for you too? Robbins also cited the company's policy not to comment on rumors or speculation regarding the reported Splunk acquisition. Not surprisingly, when asked about the rumored acquisition during the earnings call, Robbins was coy, refusing to comment on the rumors and providing no hints in either his comments or . His clients may own shares of the companies mentioned. As a subscriber, you have 10 gift articles to give each month. In fact, many large companies use multiple vendors for internal data analytics. . San Jose, Calif.-based Cisco did not respond to CRNs request for comment on the alleged deal by publication time. Silver Lake's investment is via convertible notes, debt that can be turned into new stock later on. Cisco Has Discussed Deal for Software Company Splunk, https://www.nytimes.com/2022/02/11/technology/cisco-splunk.html. Senior Assistant Editor, Spiceworks Ziff Davis, Ciscos $20 billion acquisition offer, which is $13 billion more than its highest acquisition ever, comes after the company. Splunk Acquisition Rumors. It has remained stable since at around $122 per share. Invest better with The Motley Fool. Cisco Systems, the technology conglomerate, has held discussions with the software company Splunk about buying it, although no deal is currently on the table, two people familiar with the matter told The New York Times on Friday. They said I didn't meet their bar for principal but P4-high. Necessary and Functional Cookies - These cookies are necessary for the Site to function and cannot be switched off in our systems. Even though its cloud revenues zoomed 77% in the year, its overall revenue was down 5% year-over-year, and its operating cash flow was negative $191 million with free cash flow of negative $228 million. The acquisition by Cisco could provide much-needed breathing space for the company to invest heavily in cloud, IT security, and data observability platforms and digital transformation initiatives in the year ahead. Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Management expects to be in the black for the balance of the year ahead, so that's good news. Statement of changes in beneficial ownership of securities. Its past deals include Acacia, a maker of optical network components; Luxtera, a semiconductor company; and ThousandEyes, a cloud intelligence company. Cisco is reportedly eyeing a Splunk acquisition. Directly supervise a team of 15 global staff consisting of product, delivery . Splunk's software collects data logs and can give an enterprise added insight into operations, security, and application performance. According to a report by GlobalData, 24,689 deals were announced worldwide in H1 of 2020, which marks a 15% decline YoY. However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. Splunks acquisition of Omnition adds distributed tracing analytics for next generation application monitoring, expanding Splunks observability capabilities. VictorOps . Still, it does not have currently have a . 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. Ciscos offer comes when Splunk is actively hunting for a new CEO following former president and CEO Doug Merritts departure in November 2021. This page tracks and reports on important merger news in real-time . Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . See here for a complete list of exchanges and delays. L Brands' plan was to spin its Bath & Body Works brand off into a stand-alone company and sell its lagging Victoria's Secret/Pink brands to the highest bidder. Aug 22, 2019 . The acquisition complements Cisco's strategy of developing networking solutions that integrate voice, data and video traffic. From 2008 to 2010, Mitra . If the deal goes through, Cisco is expected to gain a dominant position in the enterprise security market, she said. Cisco Systems' rumored acquisition offer for Splunk would create one of the largest cybersecurity vendors in the world.. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. However my wife wants me to stay at Uber (5a, 450k, 5 yoe) since she sees the high TC and rising stock price soon after COVID . This is because of several transitions the company is undertaking at once. Cisco is known as a serial acquirer, effectively using acquisitions as a complement to research and development. Cisco has sought to expand its security business while also selling data center networking equipment and Webex collaboration software. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Splunk CEO on the data firm's new initiative focused on government cybersecurity, Jim Cramer's Investing Club meeting Friday: Costco, Eli Lilly, Apple, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, Top 10 things the Club is watching in the stock market Friday. Splunk experts provide clear and actionable guidance. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This includes computing devices, control systems, sensors, or anything else connected . The notes have an annual interest rate of just 0.75% per year payable to Silver Lake, and they mature in July 2026 if they haven't been repurchased or redeemed by then. Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. We want to hear from you. The Motley Fool has a disclosure policy. Head over to the Spiceworks Community to find answers. When submitting your ticket, please include the RayID detailed below for a faster resolution. See here for a complete list of exchanges and delays. Plan your migration with helpful Splunk resources. BILL Holdings, Inc., formerly Bill.com Holdings, Inc., is a provider of cloud-based software that digitizes and automates financial operations for small and midsize businesses (SMBs). Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Splunk's software collects, analyzes and visualizes real-time and historical machine data from any source. 2005 - 2023 Splunk Inc. All rights reserved. As for Cisco, Newman said the company made significant investments in cloud, software, and other higher-margin offerings, and the Splunk deal could help it achieve further growth in these bitterly-contested verticals. There's also Cisco's original move into observability with its $3.7 billion AppDynamics purchase in 2017, and its $1 billion ThousandEyes buy in 2020. for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space.
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