Trading & Financial News
No Result
View All Result
Saturday, December 2, 2023
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Cisco to acquire cybersecurity company Splunk in $28B deal

by Tradinghow
September 21, 2023
in Markets
A A
0
Cisco to acquire cybersecurity company Splunk in $28B deal
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Sen. Mike Braun, R-In., provides insight on growing fears over the technology on ‘The Evening Edit.’

Cisco announced Thursday it will purchase Splunk, a cybersecurity and analytics firm, for $157 per share in cash or roughly $28 billion in equity value.

“Our combined capabilities will drive the next generation of AI-enabled security and observability,” Cisco CEO Chuck Robbins said in a statement. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.”

AI AND THE CLOUD TO UNLOCK BILLIONS IN ANNUAL PRODUCTIVITY GAINS FOR SMALL AND MEDIUM BUSINESSES: REPORT

Abnormal Security CEO and founder Evan Reiser shares new methods for combatting cyber threats.

The deal, which was approved by the boards of directors of both companies, comes as the industry faces a new wave of artificial intelligence technologies and increasing cybersecurity pitfalls.

“We will form a global security and observability leader that harnesses the power of data and AI to deliver excellent customer outcomes and transform the industry,” Splunk CEO Gary Steele said. 

MGM TO LOSE UP TO $8.4 MILLION EACH DAY AS IT RESOLVES CYBERATTACK

Cisco’s purchase will also factor in “the acceleration and adoption of generative AI, expanding threat surfaces, and multiple cloud environments.”

FOX Business’ Charles Payne joined ‘Varney & Co.’ to discuss artificial intelligence and the impact the technology has had on the stock market.  

The acquisition is expected to close by the end of the third quarter of 2024.

PRESIDENT BIDEN WARNS UN TO ‘MAKE SURE’ AI DOES NOT ‘GOVERN US’

The deal is also expected to be cash flow positive, gross margin accretive in the first year after the acquisition’s close and non-GAAP EPS accretive in the second year.

SentinelOne chief security advisor Morgan Wright explains how hackers may have an advantage with A.I. technology.

The transaction will not impact Cisco’s previously announced share buyback program or dividend program. Qatalyst Partners and Morgan Stanley are acting as financial advisers to Splunk.

CLICK HERE TO READ MORE ON FOX BUSINESS     



Source link

  • Trending
  • Comments
  • Latest

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023

Learn how to trade. For beginners

July 29, 2023
India’s parliamentary panel says tax dept should conduct evasion searches with caution

India’s parliamentary panel says tax dept should conduct evasion searches with caution

July 27, 2023

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0

UK Faces Two Decades of No Earnings Growth and More Austerity

0

Learn how to trade. For beginners

0

Trading for beginners

0
African nations unite on Nairobi Declaration

African nations unite on Nairobi Declaration

December 2, 2023
Pope Francis says breakthrough at COP28 is essential

Pope Francis says breakthrough at COP28 is essential

December 2, 2023
US to announce $3bln into green climate fund at COP28

US to announce $3bln into green climate fund at COP28

December 2, 2023
Euro rebounds modestly after hitting support levels amid Fed speculation By Investing.com

Euro rebounds modestly after hitting support levels amid Fed speculation By Investing.com

December 2, 2023

Recent News

African nations unite on Nairobi Declaration

African nations unite on Nairobi Declaration

December 2, 2023
Pope Francis says breakthrough at COP28 is essential

Pope Francis says breakthrough at COP28 is essential

December 2, 2023

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In