Cisco CEOChuck Robbins Says Splunk Deal Will Add $4B In Annual Recurring Revenue
Portfolio Pulse from Benzinga Newsdesk
Cisco's CEO, Chuck Robbins, in an interview with CNBC, stated that the company's deal with Splunk will add $4 billion in annual recurring revenue.
September 21, 2023 | 1:21 pm
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POSITIVE IMPACT
Cisco's deal with Splunk is expected to add $4 billion in annual recurring revenue, which could positively impact the company's financial performance.
The deal with Splunk is expected to significantly increase Cisco's annual recurring revenue. This additional revenue could improve the company's financial performance, potentially leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Splunk's deal with Cisco could potentially increase its visibility and market reach, which may have a positive impact on its stock.
The partnership with Cisco could increase Splunk's visibility and market reach. This increased exposure could potentially lead to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80