Cisco Bets Big on Cybersecurity With Its Splunk Acquisition -- Is the Stock a Buy?
In an era of software mega-deals, old network infrastructure giant Cisco Systems (NASDAQ: CSCO) apparently doesn't want to be left out. It just announced it intends to acquire Splunk (NASDAQ: SPLK), which specializes in data log analysis and cloud observability software, for $28 billion in cash.
That isn't exactly chump change. If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever.
It's big money, but Cisco is good for it. Getting its hands on Splunk will also cement the company's ongoing transformation away from a hardware-centric business into more of a recurring-subscription software one. Is it now time to buy Cisco stock?
Source Fool.com
Cisco Systems Inc. Aktie
45,09 €
0,38 %
Mehrere Buy-Einschätzungen bei Cisco Systems Inc., die die Sell-Zahlen überflügeln.
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