Splunk (SPLK) Rises on More Takeover Talk
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Splunk (NASDAQ: SPLK) is rising on renewed takeover chatter. Today rumors center around IBM (NYSE: IBM) buying the company. In the past Cisco (NASDAQ: CSCO) was seen as a logical suitor
Today's chatter is nothing more than idle speculation as there is nothing concrete to the rumors. That said the company is seen as a sitting duck, being the perfect size for a notable, but still relative-small, acquisition for the big boys.
Shares of Splunk last traded at $31.01, up 4.2%.
Today's chatter is nothing more than idle speculation as there is nothing concrete to the rumors. That said the company is seen as a sitting duck, being the perfect size for a notable, but still relative-small, acquisition for the big boys.
Shares of Splunk last traded at $31.01, up 4.2%.
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