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.