Splunk Spikes After Cyber-Security Acquisition

July 10, 2015

Splunk Inc.’s stock jumped nearly 4% Friday, after the big-data firm announced a $190 million deal to buy Caspida Inc. to bolster its cyber-security business.

Several Wall Street analysts cheered the deal too.

FBR analyst Daniel Ives called the purchase “smart” as it will “broaden Splunk’s product footprint and customer reach, key ingredients in the company’s recipe for success on the security front.”

Cantor Fitzgerald analyst Brian White said: “In our view, Splunk’s security offering has been hot, and we believe the addition of behavioral analytics capabilities has the potential to add even more sizzle to the security story.”

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