Splunk (NASDAQ:SPLK – Free Report) had its price objective boosted by Mizuho from $116.00 to $157.00 in a research note released on Friday, Marketbeat.com reports. Mizuho currently has a neutral rating on the software company’s stock. SPLK has been the topic of a number of other reports. Loop Capital downgraded shares of Splunk from a […]
Cisco Systems Inc (NASDAQ: CSCO) announced a $28 billion all cash deal to buy cyber security company Splunk last week, marking the networking major’s largest acquisiti.
Splunk, a cybersecurity and data analytics firm, was in the process of shifting its business model from licensing its software to charging for subscriptions when it announced an agreement last week to sell itself to Cisco, making it the third-largest software acquisition of all time.