Could Splunk Buy Boost Cisco Stock And Fit With Other Purchases>
Investor’s Business Daily – Reinhardt Krause
Cisco Systems (CSCO) could buy Splunk (SPLK) or Nutanix (NTNX) and return to an acquisition spree that targets software companies, says an RBC Capital analyst. Such a move could be a nice fit for San Jose, Calif.-based Cisco as it shifts away from its core business of selling network switches and routers, says RBC Capital analyst Matthew Hedberg. Splunk could also be complementary to Cisco’s 2017 purchase of AppDynamics for $3.9 billion, he adds. “Given the importance of data and data analytics, (merging Splunk and AppDynamics) would create a premier data management platform,” Hedberg said in a report to clients. “With around 50% of Splunk’s use cases being security-related deals, buying Splunk would also get Cisco deeper into security.”
Link: https://www.investors.com/news/technology/cisco-stock-splunk-acquisition-target/