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Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Though it's been beat down in the last year, Splunk operates as the leader in a growing industry and could be a real long-term value for those who can patiently wait out the inevitable bumps in the road. Deals Rumor Mill: Splunk, Allied Universal, Worldline - Law360 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. Invest better with The Motley Fool. Cloudera Agrees to $5.3B Private Equity Buyout; Stock Up 24% 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. The potential deal could position Cisco to compete with security leader Palo Alto Networks in the security operations space. Splunks acquisition of SignalSense enables Splunk to further innovate in our market-leading machine data platform and expands Splunks expertise in machine learning and cloud applications. This includes computing devices, control systems, sensors, or anything else connected . Mobile World Congress Barcelona 2023 Delivers The 5Goods However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. A deal may not happen at all, but if talks resume, Cisco could pay more than $20 billion for Splunk, one of the people said. 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 be the networking giants biggest acquisition ever. Dropbox (DBX) Acquisition Rumors | High Flying Investing We base our decisions on strategic fit, cultural fit, and equally as important, the financial and evaluation fit, he said when questioned about the potential acquisition. 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. 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.. "We have been . At the end of April, the company had $1.88 billion in cash, equivalents, and investments, offset by convertible notes of $2.33 billion. 4. Heritage Business Systems. However, a handful of major players, particularly in tech, have continued to expand through mergers and acquisitions. Splunk - Blind It has remained stable since at around $122 per share. SAN FRANCISCO Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in . You do not have access to www.sdxcentral.com. VictorOps acquired by Splunk . Palo Alto also bought security orchestration, automation and response player Demisto, a direct competitor of Phantom, in 2019 for $560 million. Here are 12 other startups analysts say it could buy to fend off competitors. Feb 11 (Reuters) - Network gear maker Cisco Systems Inc (CSCO.O) has made a takeover offer worth more than $20 billion for software maker Splunk Inc (SPLK.O), the Wall Street Journal reported on Friday, citing people familiar with the matter. Published Dec. 1, 2020 Updated Jan. 4, 2021. splunk acquisition rumors 2020; joaquin niemann sponsors. 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. So Splunk has been able to capture over 90 of the Fortune 100 companies as customers, even in spite of new cloud-based competition. Splunks stock price fell 20% over a six-month period, and the company. His clients may own shares of the companies mentioned. Google Cloud Acquisition Targets: ServiceNow, Atlassian, Splunk? Pure 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. So Splunk appears to have staying power, and is bound to benefit from the growth of the enterprise data analytics industry this decade. Founded in the era of data centers, it has struggled to fully transition to the cloud and adjust its pricing model. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. Company Location: U.K. Press Release: 1/30/2020 Xerox Acquires Arena Group, Expands Presence in European SMB Market. Splunk would be a perfect target for its ambitions, and would be Cisco's biggest acquisition ever, about triple (or more) the $7 billion acquisition of Scientific Atlanta back in 2005. Aug 22, 2019 . All Rights Reserved. Ciscos $20 billion acquisition offer, which is $13 billion more than its highest acquisition ever, comes after the company announcedOpens a new window a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. Opinion: Yes, Theres a Housing Crisis. Big banks and activist investors snapped up shops, there were mega-mergers between one-time rivals, and subsidiaries spun off. We are delighted that you'd like to resume your subscription. How far over that figure will determine whether the acquisition goes through or not. 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. Splunk, for its part, plans to use the cash to continue to transform its business for the cloud era. He said mergers such as Invesco's 2019 acquisition of OppenheimerFunds, Janus's 2017 deal with Henderson, and even 2020 Franklin Templeton's merger with Legg . Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. Discover what Splunk is doing to bridge the data divide. This page tracks and reports on important merger news in real-time . Cisco Made $20 Billion-Plus Takeover Offer for Splunk - WSJ We are constantly evaluating potential opportunities. According to The Wall Street Journal, which broke the news on February 11, the two companies havent gotten around to discussing the acquisition yet. The Motley Fool has a disclosure policy. Necessary and Functional Cookies - These cookies are necessary for the Site to function and cannot be switched off in our systems. In 2020, asset management went on a shopping spree. splunk acquisition rumors 2020lakeland correctional facility splunk acquisition rumors 2020. matthew 13:11 studylight; what game do bakers like to play. With a price to sales ratio of 5.6. Discover what Splunk is doing to bridge the data divide. Its past deals include Acacia, a maker of optical network components; Luxtera, a semiconductor company; and ThousandEyes, a cloud intelligence company. hpe acquisition rumors 2022 Cloudmeter. We want to hear from you. Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. Build, own, manage and support B2B and B2C web and mobile properties. Two Days Mattered Most. #2: Cisco-Splunk Acquisition Rumors - Channel Futures Splunk Becomes A Strategic Acquisition Target For - SeekingAlpha 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. Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. 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. Our servers do not recognize your request. Cisco Systems (CSCO) Offered to Acquire Splunk (SPLK) for More Than That compares with a $114 share price at the end of trading Friday and $127.45 after hours. Now there are reports Microsoft is looking to buy Mandiant, the cybersecurity software firm formerly known as FireEye that is . (if applicable) for The Wall Street Journal. 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. Splunk is a developer of software used to collect, index, search and analyze machine-generated data from websites, applications, sensors and devices. The Motley Fool has a disclosure policy. Craig is a proud Husky, having graduated from the University of Washington. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. We use cookies to ensure you get the best experience on our website. His clients may own shares of the companies mentioned. Cisco's Planned $20B Splunk Acquisition: Boom or Bust? 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. Cost basis and return based on previous market day close. Accelerate value with our powerful partner ecosystem. Cisco's offer comes when Splunk is actively hunting for a new CEO following . Splunk Acquisition Rumors. Splunk's $1 billion cash windfall gets it access to some cheap capital -- at least cheap in the short-term. Craig Galbraith is the editorial director for Channel Futures and Channel Partners, joining the team in 2008. Microsoft may acquire Mandiant, a cybersecurity firm 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 . Transform your business in the cloud with Splunk. Ciscos acquisition offer shows us that cybersecurity will continue to be a key driver of mergers and acquisitions (M&A) in 2022. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. With dominant position in multiple on-premise markets, Ciscos valuation has been held back by more gradual moves toward the cloud and the revenue transition from opex vs. capex focused IT. Is Splunk Stock a Buy After Getting a $1 Billion Investment - Nasdaq The company has been pivoting to a recurring revenue model by shifting from traditional software licenses to cloud-based subscriptions while also steadily growing the customer base. 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. This Is the Largest Merger of the Past 20 Years. Alphabet certainly has the war chest for such deals. Invest better with The Motley Fool. Splunk . 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. Transform your business in the cloud with Splunk. 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. Here's how they differ, Bank of America loves this under-the-radar streaming stock out of China, sees 30% gain. She can be reached at gnarcisi@thechannelcompany.com. It will also affirm Ciscos projected dominance in the sector in the years ahead. Acquisitions - Acquisition Summary - Cisco 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. The . Get this delivered to your inbox, and more info about our products and services. 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. Douglas A. McIntyre. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Rigor's monitoring and optimization solutions complement the other Splunk offerings. Speaking of Splunk and acquisition rumors, I was surprised that Robbins wasn't quizzed more about the rumored Splunk acquisition. Making the world smarter, happier, and richer. June 5. splunk acquisition rumors 2020 . 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. We've been tracking company news on mergers and acquisitions since 1999. The Google parent had more than $100 billion in cash on hand and short-term investments as of September 2018, according to YCharts. But the advent of the cloud has shifted these needs away from legacy IT systems, and Splunk wasn't exactly ready for the change. 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. Access timely security research and guidance. Dropbox is a 9.3 billion market cap company. 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. Will the acquisition of Splunk change things? 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. Management expects to be in the black for the balance of the year ahead, so that's good news. 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 . Splunk has acquired 14 companies, including 8 in the last 5 years.. Splunk's largest acquisition to date was in 2019, when it acquired SignalFx for $1.1B. Finally, Splunk attracted tech-focused private equity firm Silver Lake last summer, which invested $1 billion in Splunk in the form of convertible preferred stock in June 2021. Ciscos market capitalization is $227 billion. See why organizations trust Splunk to help keep their digital systems secure and reliable. That bidder was Sycamore Partners, a . 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. Splunk's software collects data logs and can give an enterprise added insight into operations, security, and application performance. It will also affirm Ciscos projected dominance in the sector in the years ahead. SEC Filings. Splunk vs Uber I got the final offer from Splunk (P4: 230k, 15%, 440k/3yrs, TC=411k), probably the highest offer for P4. We would love to hear from you! Splunk buys SaaS startup Omnition | ZDNET 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. Last week, Rigor's acquisition by Splunk was announced and it's a testament to Craig and his team for building an . That would equate to a market cap of just over $25 billion. Cisco Systems has held acquisition talks with Splunk, whose software mines data for insights, including security threats. Additionally, cloud revenue has a lower gross margin than term software licenses, but that's generally made up for in higher growth. 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. The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources. Silver Lake Chairman and Managing Partner Kenneth Hao will also join Splunk's board of directors to help guide the company's journey. a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. 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. In fact, many large companies use multiple vendors for internal data analytics. As a subscriber, you have 10 gift articles to give each month. The biggest was IBM's $34 billion purchase of Red Hat in 2018, followed by Microsoft's $27 billion acquisition of LinkedIn in . Deeply embedded in the largest companies and their technology systems, it would be a big undertaking to replace Splunk with a competitor. From 2008 to 2010, Mitra . Company:Splunk - HandWiki Cloud ARR was only just over one-third of total ARR in the last quarter, so there will likely be more variability in overall growth and profitability in the next couple of years as more customers make the switch. 2005 - 2023 Splunk Inc. All rights reserved. Sapana Maheria, practice head of Thematic Research at GlobalData, believes that if the acquisition goes through, it will bode wellOpens a new window for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space. Customer Service. These are used to let you login and to and ensure site security. This allows me to propose solutions that help my clients. Sign up for free newsletters and get more CNBC delivered to your inbox. Precept is a leading multimedia networking software company. Splunk has been in the process of shifting toward providing cloud services to customers, and said in December that almost 37% of revenue in the latest quarter was tied to cloud usage. 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. Finally, recent concerns about inflation and higher interest rates have hurt most tech companies, especially those still losing money. In June, the private-equity firm Silver Lake invested $1 billion in Splunk to help with that transition. Microsoft's acquisition of B's parent company for $7.5 billion in March of this year shocked the gaming industry and raised the level of XBOX's camp. Statement of changes in beneficial ownership of securities. The top source for up-to-the-minute company Merger News. Salesforce to Acquire Slack for $27.7 Billion (Published 2020) 3rd Party Cookie de-Personalization - We configure 3rd party analytics cookies to anonymize IP address and 3rd party targeting cookies to only set non-personalized information in these cookies to respect your privacy. 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. 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. 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). They said I didn't meet their bar for principal but P4-high. 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. Microsoft is on a buying binge. Here's what it could buy next - CNN Cisco and Splunk Have Discussed Acquisition Deal - The New York Times 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. Splunk The $19.67 billion data-analytics company Splunk has had its ups and downs. 3. If it . Deliver the innovative and seamless experiences your customers expect. Splunk to Acquire Plumbr and Rigor, Expanding the World's Most Let us know if you enjoyed reading this news on LinkedInOpens a new window , TwitterOpens a new window , or FacebookOpens a new window . All quotes delayed a minimum of 15 minutes. The purchase marks one of the largest ever for the software industry. 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. Apr 16, 2021 1:02 PM EDT. 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.