We maintain our $56 fair value estimate for wide-moat Cisco Systems CSCO, as the company announced an all-cash deal to acquire Splunk SPLK for $157 per share, or $28 billion in equity value. Cisco’s ...
“Our collective partner ecosystem can create new profitable revenue streams through high-value services and by deploying innovative new applications and AI-powered solutions,” the two companies said ...
The global pandemic drove shares of technology companies higher as people all over the world were forced to work and live digitally. This included software company Splunk (SPLK), but the company’s ...
On Thursday, Cisco Systems CSCO announced its plans to acquire Splunk SPLK for $28 billion ($157 in cash per share), a 31% premium to Splunk’s Sept. 20 closing price. Cisco aims to expand its ...
In October, institutional value stock investor Starboard Value released a presentation on its website showing it has purchased an undisclosed amount of shares in software companies Splunk (NASDAQ: ...