Cisco Systems (CSCO) to Acquire Splunk (SPLK) for $157 Per Share, $28 Billion

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Go back to Cisco Systems (CSCO) to Acquire Splunk (SPLK) for $157 Per Share, $28 Billion

Cisco to Acquire Splunk, to Help Make Organizations More Secure and Resilient in an AI-Powered World

September 21, 2023 7:45 AM EDT

News Summary

Together, Cisco and Splunk will help move organizations from threat detection and response to threat prediction and preventionCombined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenueExpected to be cash flow positive and gross margin accretive in first fiscal year post close, and non-GAAP EPS accretive in year 2. Will... More