The analyst believes Cloudera shareholders are getting a good deal with the private equity buyout."We note CLDR has been the target of acquisition rumors since mid-2020, and thus we view the . Over half of Rigor's customers are already Splunk customers, so when they came calling as a potential acquirer, it was a perfect fit. His clients may own shares of the companies mentioned. That bidder was Sycamore Partners, a . Total revenue at Splunk grew 19% from a year earlier, while Cisco's overall revenue in the most recent quarter increased 8%. The deal, she said, will further strengthen Ciscos foothold in the security and analytics space, especially in Extended Detection and Response (XDR). List of Splunk 's 16 Acquisitions, including TwinWave and TruSTAR. 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. Splunk vs Uber I got the final offer from Splunk (P4: 230k, 15%, 440k/3yrs, TC=411k), probably the highest offer for P4. 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. 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. Robbins also cited the company's policy not to comment on rumors or speculation regarding the reported Splunk acquisition. Vlocity gave . 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. Aug 22, 2019 . You can manage your preferences at any time. 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). 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. 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. Dropbox revenue for the twelve trailing months ending September 30, 2020 was $1.856B, a 16.63% increase year-over-year. Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. All quotes delayed a minimum of 15 minutes. 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. Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. 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 . In spite of these strong qualities, Splunk traded at just 7.5 times trailing sales at the end of trading Friday -- a relative bargain in the high-growth software sector. VictorOps . This Splunk shareholder hopes management holds out for a much higher price than was reported. Build resilience to meet todays unpredictable business challenges. A Division of NBCUniversal. 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. Access timely security research and guidance. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. You can see Splunk's revenue took a dip in 2020 as it went through the trough of this transition. Published Dec. 1, 2020 Updated Jan. 4, 2021. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Transform your business in the cloud with Splunk. 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. With the Acquisition Bode Well for Cisco? 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. 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. 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% . During the years prior going back to 2017, Cisco closed between . , which broke the news on February 11, the two companies havent gotten around to discussing the acquisition yet. Our servers do not recognize your request. Statement of changes in beneficial ownership of securities. All Rights Reserved. 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. Nicholas Rossolillo owns shares of Dynatrace Holdings LLC and Splunk. 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. About Broadcom Corp.: Broadcom Inc. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. 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. Customer Service. 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 . mutant fly stardew valley; nba waterboy salary per hour near new jersey; wimbledon draw 2022 wiki; london classical concerts 2022; beadnell camping pods The offer exceeds Splunks current market capitalization by $2 billion, but reports indicate the two companies havent discussed it yet. 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 (SPLK -1.40%) has been a severe underperformer in the last year. Splunks stock price fell 20% over a six-month period, and the company reportedOpens a new window a GAAP operating loss of $780 million in 2021. Alphabet certainly has the war chest for such deals. Head over to the Spiceworks Community to find answers. and is author of the Entrepreneur Journeys book series and Vision India 2020. Microsoft CEO Satya Nadella has been going on a major shopping spree. 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. Should a deal for Splunk be consummated it would be by far Cisco's largest ever. Though the two companies didnt react to the rumors for a few days after they surfaced, Chuck Robbins, Ciscos chairman and CEO, confirmed the developments during its Q2 earnings call. This is because of several transitions the company is undertaking at once. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. This page tracks and reports on important merger news in real-time . Directly supervise a team of 15 global staff consisting of product, delivery . Now there are reports Microsoft is looking to buy Mandiant, the cybersecurity software firm formerly known as FireEye that is . 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. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. For every deal we do, we probably look at 10-15 companies. 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. 4. The people requested anonymity because the information is confidential. 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. 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. Statement of changes in beneficial ownership of securities. 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. Statement of changes in beneficial ownership of securities. Precept is a leading multimedia networking software company. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. 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. We would love to hear from you! That compares with a $114 share price at the end of trading Friday and $127.45 after hours. Splunk's software collects, analyzes and visualizes real-time and historical machine data from any source. The site owner may have set restrictions that prevent you from accessing the site. Cisco did not immediately respond to a request for comment. The offer exceeds Splunk's current market capitalization by $2 billion, but reports indicate the two companies haven't discussed it yet. Splunk's acquisition of TwinWave extends our security leadership and adds capabilities to empower the security analyst with cloud-native, automated threat analysis for phishing and malware. Learn More. 2020 - 20211 year. Customer success starts with data success. 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. Mobile World Congress (MWC) is back in a big way and delivered the 5Goods (my clever play on words) on many . The Google parent had more than $100 billion in cash on hand and short-term investments as of September 2018, according to YCharts. A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. Sign In. June 5. splunk acquisition rumors 2020 . In the most recent quarter, revenue growth came in at 19%, but ARR grew 37%. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer (CEO) and that the company's chair, Graham Smith, would be the interim CEO. This Is the Largest Merger of the Past 20 Years. Deeply embedded in the largest companies and their technology systems, it would be a big undertaking to replace Splunk with a competitor. Adding to the complication is that Doug Merritt, Splunk's CEO over the past six years, resigned back in November, which sent the stock another leg down. 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 . Splunks stock was up 10.47 percent to $126.50 in after-hours trading Friday after the news was published. But there's still lots of work to be done on the cloud business. New rumors indicate that Microsoft's acquisition of gaming companies does not seem to have stopped. Cisco Systems' rumored acquisition offer for Splunk would create one of the largest cybersecurity vendors in the world.. Silver Lake's investment is via convertible notes, debt that can be turned into new stock later on. Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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 . Ciscos offer comes when Splunk is actively hunting for a new CEO following former president and CEO Doug Merritts departure in November 2021. Splunk said it does not comment on rumors or speculation. It will also affirm Ciscos projected dominance in the sector in the years ahead. 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. However, an ability to package Splunks leading Security analytics and ITOM solutions with other security offerings, further optimize distribution and pricing, could present very interesting potential M&A synergies for Cisco, Marshall added. Apr 16, 2021 1:02 PM EDT. That would equate to a market cap of just over $25 billion. Alex Murdaugh Receives Life Sentence: What Happens Now? 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.
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