Why Does Cisco Want Splunk? CSCO & SPLK Stock

2 years ago
64

Currently operating without a permanent CEO, data analytics company Splunk (SPLK) is in a key transition period after moving its offerings to the cloud and changing its pricing structure. This shakeup on both executive and business model follows a string of disappointing results over the past two years that led Splunk’s stock to dive by nearly 50% from its highs in 2020. Against this backdrop, the company has landed on the radar of networking giant Cisco (CSCO), which offered to acquire Splunk for $20 billion, according to the Wall Street Journal.

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