Cisco Buys Machine Learning Data Specialist Splunk for $28 Billion

Machine data analytics specialist Splunk shares jumped more than 21% in pre-market trading Thursday, after Cisco Systems Inc. agreed to buy Splunk Inc. for $157 a share in cash in a deal valued at about $28 billion. The price is a 31% premium to Splunk’s previous closing price on Wednesday. The deal value represents around 10% of Cisco’s market value. The deal is CSCO’s biggest acquisition ever and a massive push into software and artificial intelligence-powered data analysis. The SPLK … Continue reading “Cisco Buys Machine Learning Data Specialist Splunk for $28 Billion”

Machine Learning Data Specialist Splunk Reaffirm Guidance as CFO Leaves to Join Arm

Machine data analytics specialist Splunk announced CFO Jason Child will depart to become the CFO at Arm Ltd, which has been planning to go public via Softbank after NVIDIA’s $40 bln bid to acquire the company fell apart. SPLK reaffirmed its Q3 revenue guidance of $835-$855 mln, and all of its guidance for FY23. Less than one year ago Splunk’s former CEO, Doug Merritt unexpectedly stepped down while the company was struggling to find its footing amid a major business … Continue reading “Machine Learning Data Specialist Splunk Reaffirm Guidance as CFO Leaves to Join Arm”