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13 Companies Cisco Could Buy to Beat Rising Competitors - Business Insider 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. Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Top Stocks 2021: If you Only Buy One IOT Stock, It Better Be Splunk 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 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. A challenge for Cisco in its transformation is the heft of the current $50 billion revenue base focused primarily on networking equipment, making it mathematically difficult to find the subscription revenues to transform the business, she said. $20 Billion Splunk Acquisition Could Put Cisco Atop Security Field Deliver the innovative and seamless experiences your customers expect. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Cisco made $20 billion-plus takeover offer for Splunk -WSJ Opinion: Yes, Theres a Housing Crisis. The offer exceeds Splunk's current market capitalization by $2 billion, but reports indicate the two companies haven't discussed it yet. 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 . See why organizations around the world trust Splunk. The stock fell 18% on Nov. 15, after the company said CEO Doug Merritt, who had been running the company for six years, would be stepping down immediately. Oct 20, 2020 . 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. Cisco is reportedly eyeing a Splunk acquisition. 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. Got a confidential news tip? 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. This allows me to propose solutions that help my clients. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. Mobile World Congress Barcelona 2023 Delivers The 5Goods Sign In. Splunk jumped up 16 percent post-market on reports of the takeover bid. 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. Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a Web-style interface. With a price to sales ratio of 5.6. 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. A Division of NBCUniversal. We've been tracking company news on mergers and acquisitions since 1999. Last week, Rigor's acquisition by Splunk was announced and it's a testament to Craig and his team for building an . Company Location: U.K. Press Release: 1/30/2020 Xerox Acquires Arena Group, Expands Presence in European SMB Market. That's a change from its traditional business model of selling perpetual software licenses, deployed in customers' data centers. 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. 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). Vlocity gave . However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. This page tracks and reports on important merger news in real-time . It will also affirm Ciscos projected dominance in the sector in the years ahead. 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. Total revenue in Q1 2022 was up just 16% from a year ago to $502 million, a decent rally after overall revenue fell 5% last year. 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. Splunk to Acquire Plumbr and Rigor, Expanding the World's Most Never Miss a Revenue Moment With Intent and Pre-Intent Data, 10 Actionable Data Trends in 2023 To Nail Your Analytics, How Technology Is Digitally Transforming Ad Operations, Three Ways Enterprise Architecture is Driving Digital Transformation, Seed-stage Companies Can Create FOMO to Gain an Edge in Fundraising, Correcting the Course of Failed Climate-conscious Planning with AI, Cloud Cost Optimization as a Lever Against Inflationary Pressure, How Simulations Can Help Us Solve the Climate Crisis in a Way That Benefits Everyone. The 7 Biggest Mergers and Acquisitions Stories of the Year The . Jun 11, 2018 . Cloudmeter. 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. Deliver the innovative and seamless experiences your customers expect. 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. Build, own, manage and support B2B and B2C web and mobile properties. He is best known in the industry for his stint as the chief financial officer and later executive vice president at Salesforce. 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. Splunks acquisition of Flowmill brings next-generation cloud network performance monitoring to Splunks Observability solutions. People close to the company said the talks occurred recently, according to the Journal. 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. Cisco Systems has held acquisition talks with Splunk, whose software mines data for insights, including security threats. This is because of several transitions the company is undertaking at once. Will Townsend. The stock's still trading below its 50-, 100-, and 200-day moving averages after a Christmas period in which you'd have expected the stock to rebound amid a 2.8% . 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.. maroon and black color combination Addiction rehab & recovery treatment programs for seniors senior-recovery.org Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . 2020 - 20211 year. 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. 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. Learn More. Cisco CEO On Reported Splunk Deal: 'We Are Constantly - CRN Google Cloud Acquisition Targets: ServiceNow, Atlassian, Splunk? Pure Management expects to be in the black for the balance of the year ahead, so that's good news. At the end of April, the company had $1.88 billion in cash, equivalents, and investments, offset by convertible notes of $2.33 billion. Cisco Has Discussed Deal for Software Company Splunk, https://www.nytimes.com/2022/02/11/technology/cisco-splunk.html. As a subscriber, you have 10 gift articles to give each month. 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. Cisco has offered to buy business analytics provider Splunk, private equity-backed private security giant Allied Universal could be taken public in a $20 billion, three-way SPAC merger, and Apollo . Sep 12, 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. Why This Splunk Shareholder Hopes It Doesn't Sell to Cisco Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. Cisco has long grown its business through acquisitions and in 2020 it bought networking monitoring company ThousandEyes for about $1 billion. The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources. Cisco Reportedly Made $20B Bid For Software Giant Splunk Statement of changes in beneficial ownership of securities. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Here are 12 other startups analysts say it could buy to fend off competitors. The reported Cisco-Spunk deal could position the company as a much more formidable security player with competitor Palo Alto Networks. Craig Galbraith is the editorial director for Channel Futures and Channel Partners, joining the team in 2008. The Wall Street Journal reported the potential deal earlier on Friday. Still, it does not have currently have a . Other tech companies have made that transition in the past, but when they do undertake this transition, they will initially show revenue declines, as larger multi-year deals are replaced by smaller annual but recurring revenue. Cisco and Splunk representatives declined to comment. Learn how we support change for customers and communities. During the years prior going back to 2017, Cisco closed between . That certainly indicates the new cloud offerings are very successful with customers. San Jose, CA-headquartered Cisco Systems, Inc. has reportedly offered $20 billion-plus to acquire data analytics giant Splunk. Ciscos planned acquisition of Splunk has received favorable reactions from industry analysts. 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Who Will Cisco Buy Instead of Splunk? - SDxCentral Craig is a proud Husky, having graduated from the University of Washington. 5. Ciscos market capitalization is $227 billion. 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. Its chief executive, Chuck Robbins, told analysts in December that Cisco would continue to look for acquisitions in security. Every sell-side analyst on Wall Street has a higher price target than . The offer was . As a shareholder, I'm certainly hoping Splunk holds out for a higher price. This includes computing devices, control systems, sensors, or anything else connected . When submitting your ticket, please include the RayID detailed below for a faster resolution. 4. 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. SAN FRANCISCO and .conf20 - October 20, 2020- Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced that it has completed the acquisition of Plumbr, an application performance monitoring (APM) company offering auto-instrumentation, Real User . Directly supervise a team of 15 global staff consisting of product, delivery . The Google parent had more than $100 billion in cash on hand and short-term investments as of September 2018, according to YCharts. Invest better with The Motley Fool. We continue to see incredibly strong demand across our portfolio, emphasizing the criticality and relevance of Ciscos innovation. Is this the software value stock for you too? We are delighted that you'd like to resume your subscription. 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? 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. It appears Splunk is back in growth mode, and recent acquisitions and the launch of its new Observability Suite and Security Cloud offerings could help sustain this return to growth. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Founded in the era of data centers, it has struggled to fully transition to the cloud and adjust its pricing model. 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. 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. Rigor's monitoring and optimization solutions complement the other Splunk offerings. 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. Initial filing by director officer or owner of more than ten percent. 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. The positive reaction from investors has some logic to it. In GlobalDatas thematic scorecard for application software, Splunk ranked fifth out of 45 companies, and the company also boasts a score of 5 out of 5 in the cybersecurity theme. The report about said discussions comes not long after Microsoft's mammoth $70 . 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. and is author of the Entrepreneur Journeys book series and Vision India 2020. Splunk (SPLK -1.40%) has been a severe underperformer in the last year. 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. 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. 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. for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space. Splunks stock was up 10.47 percent to $126.50 in after-hours trading Friday after the news was published. Splunk Mergers and Acquisitions Summary | Mergr