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. Accelerate value with our powerful partner ecosystem. According to a report by GlobalData, 24,689 deals were announced worldwide in H1 of 2020, which marks a 15% decline YoY. Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk, The Wall Street Journal reported on Friday, citing people familiar with the matter. 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. Mobile World Congress Barcelona 2023 Delivers The 5Goods Transform your business in the cloud with Splunk. This includes computing devices, control systems, sensors, or anything else connected . But there's still lots of work to be done on the cloud business. 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). At the end of April, the company had $1.88 billion in cash, equivalents, and investments, offset by convertible notes of $2.33 billion. 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. 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 . The report about said discussions comes not long after Microsoft's mammoth $70 . The offer exceeds Splunks current market capitalization by $2 billion, but reports indicate the two companies havent discussed it yet. This cloud transformation also caused Splunk to dip into negative free cash flow territory, and it only just returned to positive free cash flow in Q1 2022 (to $66.7 million). That bidder was Sycamore Partners, a . Statement of changes in beneficial ownership of securities. Build, own, manage and support B2B and B2C web and mobile properties. Right now, Splunk stock is giving traders a potential breakout from its current trading range, as well as a monthly-up rotation over the January high of $124.72. Cisco and Splunk representatives declined to comment. 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 . The people requested anonymity because the information is confidential. Build resilience to meet todays unpredictable business challenges. Is Responsible AI a Technology Issue or a Business Issue. , 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. Splunk CEO on the data firm's new initiative focused on government cybersecurity, Jim Cramer's Investing Club meeting Friday: Costco, Eli Lilly, Apple, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, Top 10 things the Club is watching in the stock market Friday. Splunk has positioned itself as the leader in helping large enterprises manage and monitor their IT systems. See here for a complete list of exchanges and delays. BILL HOLDINGS, INC. : Shareholders Board Members Managers and Company Asset management M&A: Who's buying and selling in 2021 - sjo3ekt.js Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Cost basis and return based on previous market day close. VictorOps acquired by Splunk . 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. 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. Cisco and Splunk have been in the news since last week when The Wall . It has more recently sought to shift toward cloud computing and catch up with its competitors, like Datadog, that started their business in the cloud. *Average returns of all recommendations since inception. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The top source for up-to-the-minute company Merger News. 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. 2020 - 20211 year. 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. We would love to hear from you! We are constantly evaluating potential opportunities. The final billion-dollar deal (until we hear about Slack perhaps) is the $1.33 billion Vlocity acquisition earlier this year. Cisco Systems made a takeover offer worth more than US$20 billion (A$28 billion) for software maker Splunk, the Wall Street Journal reported, citing people familiar with the matter. 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. Making the world smarter, happier, and richer. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. A Division of NBCUniversal. If it . In any case, the reporting suggested the offer was more than $20 billion. So, headline revenue numbers may be misleading, giving the impression Splunk is lagging behind cloud-native upstarts such as Dynatraceand Datadog. The report cited people familiar with the matter and did not say where the potential deal stands. Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. As a subscriber, you have 10 gift articles to give each month. Still, it does not have currently have a . VictorOps . The board named Chairman Graham Smith as interim CEO and kicked off a search for a permanent replacement. Google Cloud Acquisition Targets: ServiceNow, Atlassian, Splunk? Pure Statement of changes in beneficial ownership of securities. Cisco Has Discussed Deal for Software Company Splunk. 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. Such a deal would be the largest ever for Cisco . I think Splunk is a very lucrative acquisition target for several major players including . Mobile World Congress (MWC) is back in a big way and delivered the 5Goods (my clever play on words) on many . hpe acquisition rumors 2022 It's had to adapt its suite of services and the way it bills customers for this new cloud era. Splunks acquisition of VictorOps adds collaborative incident management capabilities to Splunks portfolio and creates an analytics-driven Platform of Engagement for DevOps and IT customers to better prevent and resolve incidents. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. SEPTEMBER 2013. Mergers and Acquisitions - 24/7 Wall St. She added that the acquisition of Splunk will help Cisco achieve growth in this segment. Splunk Application Performance Monitoring. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Joe Biden Has Advocated Cutting Social Security Benefits 3 Times, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Data is a real-time snapshot *Data is delayed at least 15 minutes. This page tracks and reports on important merger news in real-time . Opting out of these cookies may impact some minor site functions. 3. Cisco Systems has held acquisition talks with Splunk, whose software mines data for insights, including security threats. 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 . Cisco Systems (NASDAQ: CSCO) offered to acquire Splunk (NASDAQ: SPLK) for more than $20 billion, the Wall Street Journal reported citing people familiar with the matter. #2: Cisco-Splunk Acquisition Rumors - Channel Futures A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. The offer was . Got a confidential news tip? splunk acquisition rumors 2020lakeland correctional facility splunk acquisition rumors 2020. matthew 13:11 studylight; what game do bakers like to play. The deal, she said, will further strengthen Ciscos foothold in the security and analytics space, especially in Extended Detection and Response (XDR). The reported deal would be the largest price tag for Cisco, which is no stranger to technology acquisitions. 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. Plan your migration with helpful Splunk resources. Daily chart of Splunk stock. Do you still have questions? Cisco is using acquisitions to help it grow . Craig Galbraith. Is Splunk Stock a Buy After Getting a $1 Billion Investment - Nasdaq See why organizations around the world trust Splunk. However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. 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. Read more . 4. Apr 16, 2021 1:02 PM EDT. To make the world smarter, happier, and richer. SignalFx acquired by Splunk . 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.