Splunk Inc (SPLK)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
SPLK Chart
Cisco: A New Chapter
Cisco Systems, Inc.'s stock has surged 20% post-earnings, driven by the Splunk acquisition and a bullish chart, signaling a new growth chapter. Revenues rose 9.4% to $14 billion, with product revenue up 11% and services up 6%, largely thanks to Splunk. Margin expansion was a key strength, with gross margins improving across all segments, boosting operating income by 15%.
Cisco: Acquisition Of Splunk To Boost Growth
Cisco's acquisition of Splunk, valued at $28 billion, is expected to enhance Cisco's gross margins and revenue growth despite a $5.74 billion premium paid on the acquisition. The deal will boost Cisco's gross margins from 64.7% to 66.5% by 2029, driven by Splunk's higher software-focused gross margins. We expect Cisco's revenue growth to increase to 6.3% on average through 2029, significantly benefiting from Splunk's integration and cross-selling opportunities.
Will Splunk And Network Recovery Drive Cisco's Q4 Results?
Cisco Systems Inc (NASDAQ: CSCO) stock has underperformed this year, falling by about 2% since early January. In comparison, Palo Alto Networks stock has gained about 13% over the same period.
Splunk Inc Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AAL Avraham A. Levitan Glass Jacobson Investment Advisors LLC | 6 | $517 | $517 | - | - |
