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SPLK

SPLK | Splunk & CiscoShares of Splunk were up 21.3% as of 1:10 p.m ET Thursday after the data analytics and observability specialist agreed to be acquired by Cisco Systems More specifically, on Thursday morning Splunk announced it has entered into a definitive agreement under which Cisco will acquire the company for $157 per share in cash a roughly 31% premium from Wednesday's closing price. The deal places an equity value on Splunk of approximately $28 billion. "We're excited to bring Cisco and Splunk together," said Cisco CEO Chuck Robbins in a statement. "Our combined capabilities will drive the next generation of AI-enabled security and observability." Splunk, for its part, was already up nearly 40% year to date leading into the announcement, helped by a post-earnings pop last month after the company delivered significantly stronger-than-expected fiscal second-quarter results. At the time, Splunk CEO Gary Steele highlighted his company's focus on accelerating innovation as a key beneficiary of the rise of artificial intelligence stocks. The acquisition has already been unanimously approved by both companies' boards of directors, but still requires the approval of regulators and Splunk shareholders. Assuming all goes as planned, the transaction should close by the end of the third quarter of calendar year 2024. Cisco believes the purchase should be cash-flow-positive and gross margin accretive in the first fiscal year post close, and accretive to nonGAAP earnings per share in the second year. Splunk stock is trading at a modest 7.7% discount to the agreed purchase price. So given the cash nature of the deal -- and unless waiting longer to sell might qualify you for long-term capital gains tax rates on your profits -- I think most Splunk shareholders would do well to take their money and put it to work in any number of other promising stocks. SPLK is super bullish because its passed 50 and 200 EMA and also it broke 109$ resistance as well, the volume and most indicators are bullish too
SLong
by moonypto
SPLK popped on earnings. Can it continue? SPLK had a very impressive beat on earnings and traders responded with buying pressure to push price up more than 15%. The question now is whether SPLK can sustain the new interest or will it fade or drop. My analysis is that best on the short term volume profile compared with the longer term is that there was a lot of trading at the top as new but late buyers competed with short sellers on price and so the price rise stalled. As a result I see price consolidated here and suspect that short sellers will push price down from here. I will have SPLK on watch for a stock short trade and put options as it is apparent that traders overreacted to the earnings beat. Price is still above the POC line on the stort term volume profile. Once it drops below, I will look for a short entry on the 3-15 minute time frames.
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by AwesomeAvani
1
Splunk (NASDAQ: $SPLK) At Multi-Year Support Lows! 💯Splunk Inc., together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk SOAR solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.
SLong
by Bullishcharts
4
Splunk (NASDAQ: $SPLK) Is Off To The Races! 🐴Splunk Inc. provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and runbook-driven automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk Phantom solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. has a strategic partnership with Tenable Holdings, Inc. to secure active directory and converged operational technology environments. The company was incorporated in 2003 and is headquartered in San Francisco, California.
SLong
by Bullishcharts
3
#SPLK: Catching up to the likes of $DDOGI'm long $SPLK here, for a good while in fact, but the long term signals in this chart only popped recently. There's big potential upside here, as the company transitions into a more cloud based business model. Daily chart had flashed a bottom signal which we collectively picked at the Key Hidden Levels chatroom, and I've been trading on the long side since. Weekly trends were in place, now daily, weekly, monthly and quarterly are bullish here. We can expect substantial upside into EOY/Q1 2022 in my opinion, in general in the market, and in this stock in particular. Highly recommend considering investing, if not already in. $301-320 is a great confluence area for a massive target long term. Moving below $138-118 would threaten the outlook, take that as your worst case risk for position sizing if trading it long term. Daily charts offer multiple trade setups where you can use tighter stops, taking in consideration the longer term view to filter the direction of your trades (in this case, long every long signal, maybe trail stops on the way up, or simply be ready to reenter after trade signals pan out, and new ones form over time, this has lower volatility, since you don't hold through drawdowns, and is better suited for more active traders but it is also challenging on its own as you need to monitor it frequently and be skilled at short term trading) If not, hodl as long as not below $118. Sell calls OTM out one month periodically. (bank the call short if prices make new highs after consolidating, very simply put) Cheers, Ivan Labrie.
SLong
by IvanLabrie
3
Splunk Analysis 29.08.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I would also appreciate, if you would smash that like button and help me to create more free analysis like that. Thank you for watching and I will see you tomorrow!
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by basictradingtv
SPLK. Technical OK. Fundamental not so good..It has been about a month since the last earnings report for Splunk (SPLK). Shares have added about 25.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Splunk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Splunk Reports Loss in Q1, Revenues Up Y/Y Splunk reported first-quarter fiscal 2022 non-GAAP loss of 91 cents per share, which missed the Zacks Consensus Estimate by 26.4% and widened from 56 cents in the year-ago quarter. Revenues increased 15.7% year over year to $502.1 million and beat the consensus mark by 1.9%.
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by ShukriMahadi