Expect a lot more of these sorts of mergers, even if the targets arent AI-native. Splunk's stock performance made it receptive to a takeover. The big picture: Legacy tech giants are usually the last to recognize theyre being disrupted, but that doesnt seem to be the case with AI. IBM, for example, agreed in June to buy technology spend-management platform Apptio for 4.6 billion. Most information to help you learn and practice can be found in our wiki. Cisco on Thursday announced an agreement to buy cybersecurity and observability company Splunk for about 28 billion. Related Subreddits (see the rules above for related subs as well) Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. The average rating score is and is based on 56 buy ratings, 37 hold ratings, and 0 sell ratings. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Splunk stock has received a consensus rating of buy. Non-ETF-related Crypto goes on r/CryptoCurrencies info. Cisco is acquiring cybersecurity software company Splunk for 157 per share in a cash deal worth about 28 billion, the company said Thursday, in its largest acquisition ever. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. 31, to continue this trend with at least 3.93 billion in revenue, up from 3.65 billion in fiscal 2023, and an increase from Splunk's original. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Splunk is a market leader in security information and event management, analyzing log files, and other data, and using artificial intelligence to help companies minimize the risk of cybersecurity. Splunk expects its 2024 fiscal year, which ends Jan. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks. Is Splunk stock a Buy, Sell or Hold Splunk stock has received a consensus rating of buy.
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