Gary Steele

Cisco Systems Inc (NASDAQ:CSCO) on Thursday announced agreements to acquire Splunk Inc (NASDAQ:SPLK) for $157 per share, a total equity value of about $28 billion. The acquisition price reflects a premium of 31.3% on Splunk’s price of $119.59 as of Wednesday's market close. Benzinga reported...

Splunk Inc (NASDAQ: SPLK) is trading higher Thursday after the company reported better-than-expected financial results and issued guidance above estimates.  Splunk said fourth-quarter revenue increased 21% year-over-year to $901 million, which beat the $777.28 million estimate. The company...