raisbeckfoto In our previous analysis, we highlighted that while Cisco Systems, Inc. (NASDAQ:CSCO) remained the market leader in the switching and routing market, it faces increasing competition from both major rivals and smaller players. However, we expected its growth to be supported by its Applications and Security segments, with projected growth rates of 5.4% and 12.1% respectively through 2026. In this analysis, we examine whether the company could benefit from the acquisition of Splunk in terms of ...

raisbeckfoto Ahead of the two busiest weeks of the second quarter reporting period, there is a stealthy cautious approach to the recently-red-hot AI theme. Bank of America Global Research reports that forward-12-month earnings growth estimates for AI stocks are falling. Contrast that to generally rising S&P 500 EPS trends. What’s more, firms adjacent to the AI theme still appear to be faring well in terms of profit expectations. Cisco (NASDAQ:CSCO) has seen a mixed bag of sellside EPS revisions while b ...

Cisco logo is seen during Impact'24 congress in Poznan, Poland on May 16, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesCisco Systems Inc (NASDAQ: CSCO) stock has underperformed this year, falling by about 9% since early January. Cisco’s product sales have seen a slowdown as customers have been focused on installing and implementing the products purchased over the last few quarters. Moreover, large companies, including cloud service providers and telecommunic ...

Cisco and Splunk Enable Unparalleled Visibility and Real-Time Insights to Standardize Observability in One SolutionNews Summary: The new Unified Observability Experience offers customers a cohesive experience across Cisco and Splunk observability solutions, while establishing the foundation for future integrations.Integration and new innovations empower customers with best in class support for both traditional and modern application architectures and visibility across their entire digital footprint.Through ...

HJBC/iStock Editorial via Getty Images Thesis In my previous article on Cisco Systems, Inc. (NASDAQ:CSCO), I reiterated my "strong-buy" rating on Cisco citing that according to my estimates, Cisco could miss estimates for 2024, 2025, and 2026 and it would still be undervalued if it beat on estimates for 2027-2029. Therefore, there was room for opportunities which was time in favor of Cisco. The concluding estimated fair price in that article was $67.87 and the future price for 2029 was $104.25. Cisco rel ...

Splunk Inc. (SPLK) has cleared a significant regulatory hurdle in its proposed $28 billion merger with Cisco Systems Inc. (CSCO) , with the EU granting unconditional antitrust approval. This move marks Cisco's largest-ever deal and comes as part of its strategic initiative to bolster its software business, particularly in the thriving domain of artificial intelligence (AI), while also mitigating the slowdown in post-pandemic demand.In assessing the merger, the European Commission stated that it found no com ...

Splunk Inc. (SPLK) reported solid fourth-quarter fiscal 2024 results, with the bottom and the top lines beating the respective Zack Consensus Estimate. The company’s focus on improving operational efficiency supported the bottom line. Splunk is witnessing healthy traction in the cloud business, which accounted for the bulk of total annual recurring revenues (ARR).The company reported higher revenues year over year, driven by rising customer engagements, continuous innovation and a robust product portfolio.N ...

For the quarter ended January 2024, Splunk (SPLK) reported revenue of $1.49 billion, up 18.8% over the same period last year. EPS came in at $3.08, compared to $2.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.26 billion, representing a surprise of +17.96%. The company delivered an EPS surprise of +64.71%, with the consensus EPS estimate being $1.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Splunk Inc (NASDAQ: SPLK) is trading up in extended hours on Tuesday after reporting market-beating financial results for its fourth quarter.Splunk saw operating expenses increase 6.5% in Q4Copy link to sectionThe stock is being rewarded because the cybersecurity company saw its cloud revenue jump a whopping 26% year-on-year to $1.837 billion in Q4. Adjusted operating margin stood at 47.8% in the fourth quarter, as per the press release. According to Gary Steele – the chief executive of Splunk Inc:We’re pl ...

Exhibit 99.1 P R E S S R E L E A S E Splunk Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Increased Annual Recurring Revenue 15% to $4.2 Billion Achieved Q4 GAAP Net Income of $427 Million Generated over $1 Billion in Annual Operating Cash Flow and Adjusted Free Cash Flow SAN FRANCISCO – February 27, 2024 – Splunk Inc. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced results for its fiscal fourth quarter and full year ended January 31, 2024, as compared to t ...