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Splunk

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
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
20-30% Chance in Splunk | Bullish Divergence on the Weekly | A weekly close above this level could mean some upside. Maybe a Gap-Close or bouncing around in this Wedge. Possible Chart Patterns: bullish: Double Bottom (Target 248) bearish: Head-And_Shoulder (Target 90-95) Nevertheless, it is at the Neckline of a Head-And-Shoulders, so be cautious of a break out of this Wedge Also the near future depends on the Ukraine Crisis (short-term downside possible | 110$ level of Support). Plan: Either small buy in now and check for Weekly close and next weeks opening (pullback due to Ukraine Crisis possible) and buy more if it drops to lower trendline of the Wedge. Sit still and check if Ukraine crisis heats up (whole Market depends on it). Put-Call-Spread for the near future, if we drop lower: sell puts at trendline and buy more calls. Please Watch the Indices (leading the Way) and be prepared for Volatility. A risky play, with good Risk-to-Reward Ratio. Please be critical of every Analysis you see (no one can foresee the future) and trade on your own risk.
SLong
by Schiller_Investments
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
Time For Splunk To Bounce Up?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on May 4, 2021 with a closing price of 119.41. If this instance is successful, that means the stock should rise to at least 120.045 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.1735% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.92% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.0325% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 18.0 trading bars; half occur within 36.0 trading bars, and one-quarter require at least 46.0 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All movement could technically be over after the second bar from signal as the larger green box was breached and followed by a retreat. If this is not the case, it is interesting the close today occurred in line with the bottom of the smaller red box, meaning the drop could be over and a week or two of gains may start as early as the open tomorrow. All statistics and the full analysis are available for free as always at the site below.
SLong
by StockSignaler
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk
SPLK in danger of correctionSplunk, recently downgaded to a sell, shows a stiff resistance at the $223 level. Two days in a row, it had tried to break this level, and both times it was rejected and sent back down. Notice a couple of Dojis on the pattern on the uptrend, usually signaling a reversal, we then look for an area of value, which we now have. Support Levels at the 20MA, 50MA, and 100MA at $200, $194, and $180 Technically, although harder to see this, and more unlikely, there is a bullish pattern in play, if the stock makes it above the $225 mark, a reverse heads and shoulders pattern to play out in the short term.
SShort
by Shwayze
1
SPLK (Splunk) retraceSplunk has a solid uptrend over the long term, as well as a STEEP uptrend since the major pullback of March. The stock had crashed roughly 40% in March, comparatively over its overall uptrend, and bounced off the Fibonacci ratio of 61.8%. This was met with strong resistance, which coincided with a steep uptrend. Currently, we are witnessing just a small profit taking, as the stock may bounce from this resistance level. We expect this stock to potentially run into resistance again at the All Time High, which may create a double top leading to a bigger pullback. However, if uptrend continues, we are looking at the targets of $260, and $300 (short term and long term 161.8% Fibonacci Extensions - Round numbers theory) If the stock retraces more, we have our support areas mapped out, the blue lines coincide with 50 and 61.8% Fibonacci retraces, and would be areas of strong resistance. If we see a strong bounce from these lines, this will be a buy.
S
by Shwayze
3