Splunk is well off its highs and seems undervalued. The positive reaction from investors has some logic to it. Got a confidential news tip? hpe acquisition rumors 2022 Splunk Inc. Announces Fiscal Fourth Quarter and Full Year 2021 Splunk jumped up 16 percent post-market on reports of the takeover bid. We are constantly evaluating potential opportunities. The Leading Resource on Next-Generation IT Infrastructure. My core competency is finding out people's issues in business. Accelerate value with our powerful partner ecosystem. Shares of Splunk ( SPLK) - Get Free Report dropped Friday after the software developer disclosed that its chief technology officer, Tim Tully, would leave next month. Here's how they differ, Bank of America loves this under-the-radar streaming stock out of China, sees 30% gain. Watch: Retired Army Col. Paris Davis Awarded Medal of Honor, Why Barnes & Noble Is Copying Local Bookstores It Once Threatened, What Floridas Dying Oranges Tell Us About How Commodity Markets Work. Making the world smarter, happier, and richer. Management expects to be in the black for the balance of the year ahead, so that's good news. The Motley Fool owns shares of and recommends Datadog and Splunk. Splunk (SPLK -1.40%) has been a severe underperformer in the last year. Cisco Systems, Inc. signed a definitive agreement to acquire privately-held Precept Software, Inc. of Palo Alto, California. Finally, Splunk attracted tech-focused private equity firm Silver Lake last summer, which invested $1 billion in Splunk in the form of convertible preferred stock in June 2021. Our robust order strength, record backlog and double-digit growth in annual recurring revenue position us well to deliver growth, said Chuck Robbins, chair and CEO of Cisco. Splunks acquisition of Drastin expands Splunks search-driven analytics capabilities and enhances our ability to provide an intuitive search experience for our customers. Its chief executive, Chuck Robbins, told analysts in December that Cisco would continue to look for acquisitions in security. Report of unscheduled material events or corporate event, A statement of beneficial ownership of common stock by certain persons. Splunk Stock Lacks Momentum amid Insider Selling | Nasdaq Already a member? Cisco recently made an offer for IT management and data analytics company Splunk. The Motley Fool has a disclosure policy. hpe acquisition rumors 2022 Rigor's monitoring and optimization solutions complement the other Splunk offerings. A spoksperson for Splunk cited its policy not to comment on rumors or speculation. This allows me to: * Improve business processes and generate change successfully in organisations<br>* Manage .