Splunk Inc

SPLK

Market cap $26.4B

The imminent merger between Splunk (SPLK) and Cisco heralds a new era of innovation in AI-driven cybersecurity solutions.

Cisco Systems Inc. (CSCO) received European Union (EU) regulatory approval for the networking equipment maker's $28 billion purchase of cybersecurity firm Splunk Inc. (SPLK).

Cisco Systems won unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk on Wednesday after EU regulators said they did not see any competition issues.

Cisco has partnered with Nvidia to help enterprises deploy AI infrastructures more rapidly while its acquisition of Splunk could be completed by the middle of this year. Nvidia's witnessing high demand for its H100 GPUs also plays to the advantage of Cisco's hyperscale-over-Ethernet AI switch and I identify around $3 billion of sales opportunities. The Splunk acquisition should help grow the topline as the cybersecurity market adapts to new dynamics because of the high cost of capital.

Cisco Systems Inc (NASDAQ: CSCO) is in focus today following a report that the European Commission is set to unconditionally approve its $28 billion deal with Splunk Inc (NASDAQ: SPLK).

Cisco Systems is set to secure unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk , two people with direct knowledge of the matter said on Tuesday.

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A healthy traction in the cloud business enabled Splunk (SPLK) to beat fourth-quarter fiscal 2024 earnings estimates.

Although the revenue and EPS for Splunk (SPLK) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Data analytics software maker Splunk topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday, bolstered by strong demand for its cybersecurity software and cloud solutions. Splunk provides a broad range of data security applications for businesses and analysts consider them among the best at ingesting, monitoring and analyzing machine data.