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Share Facebook Twitter LinkedIn Pinterest Email Google News' now to get latest article notification text size Cisco will acquire Splunk for $157 in cash. Alexander Koerner / Getty Images Huge network equipment Cisco Systems He said he would get it on Thursday. Splunk , The cybersecurity and data analytics software company, with an enterprise value of about $28 billion, paid $157 a share in cash. “We are excited to bring it Cisco And Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and surveillance,” he said. Cisco CEO Chuck Robbins b Release. “From threat detection and response to risk prediction and prevention, we help organizations of all sizes become more secure and resilient.” Shares of Cisco (ticker: CSCO ) fell 4.8% to $52.84 in premarket trading. Trading halted in Splunk (SPLK) stock. It closed Wednesday at $119.59. This is breaking news. Check back soon for more analysis. Write to Emily Dattilo at [email protected]
Jeremy Grantham and Bill Gross have warned stocks are overvalued. Wharton professor Jeremy Siegel disagrees: “They are underpriced”