Is Splunk A Good Investment After Cisco Deal Announcement? 7 Analysts Weigh In
Portfolio Pulse from Priya Nigam
Shares of Splunk Inc (NASDAQ:SPLK) rose after Cisco Systems Inc (NASDAQ:CSCO) announced its intention to acquire the company for $157 per share. Analysts have mixed opinions on the deal, with some downgrading the rating of SPLK due to concerns around its long-term strategic positioning and potential overlap with Cisco's products. However, others see the deal as a positive strategic outcome for Splunk and a good opportunity for Cisco to cross-sell their products.
September 22, 2023 | 4:35 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cisco's acquisition of Splunk is seen as a strategic move that could allow it to cross-sell its products to a larger customer base. However, concerns about product overlap and integration risks have been raised.
Cisco's acquisition of Splunk could allow it to cross-sell its products to a larger customer base. However, there are concerns about product overlap and integration risks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Splunk's stock rose after the acquisition announcement by Cisco. However, some analysts downgraded the rating due to concerns about its long-term strategic positioning and potential product overlap with Cisco.
The acquisition announcement by Cisco led to a rise in Splunk's stock. However, the long-term impact is uncertain due to potential product overlap and strategic positioning concerns raised by analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100