HomeIndustriesEntertainment & MediaCSCO Is Bolstering Cybersecurity Business By Acquiring SPLK

CSCO Is Bolstering Cybersecurity Business By Acquiring SPLK

The Splunk (SPLK) acquisition is the largest ever for Cisco (CSCO), notes Steven Dickens. He breaks down the CSCO/SPLK deal. He talks about how CSCO has been bolstering its cybersecurity business and its tie-up with SPLK has made sense for some time. The SPLK acquisition is part of an aggressive pivot to software-centric, ARR driven business model. This deal represents 31% premium to SPLK’s Wednesday closing price. This deal will not impact CSCO’s previous share buyback program. Tune in to find out more about the stock market today.

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22 Sep 2023

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