We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Splunk is on an acquisition spree. After acquiring security startup Phantom Cyber in February 2018 and Rocana in October 2017, the company recently announced the acquisition of VictorOps, which is a leader in DevOps incident management, for $120 million in cash and stock.
The acquisition is expected to close during Splunk’s fiscal second-quarter 2018. The addition of VictorOps will enable Splunk address the needs of DevOps, which is a rapidly growing domain of software engineering.
Per Fortune, VictorOps generates notifications, pulls relevant parties into chat groups, presents pertinent documents and keeps detailed records as teams work through coding problems.
Per Splunk management, “The combination of machine data analytics and artificial intelligence from Splunk with incident management from VictorOps creates a ‘Platform of Engagement’ that will help modern development teams innovate faster and deliver better customer experiences.”
Acquisitions Driving Growth Trajectory
Splunk has focused on acquisitions to expand its portfolio. The buyout of Phantom Cyber helped it to bolster its cybersecurity offerings. Phantom’s products help automate work IT security operations.
Notably, the acquisitions of Caspida and Metafor Software (both in 2015) helped it to offer behavioral analytics products.
Rocana, on the other hand, develops analytics solutions for the IT market. Splunk also acquired SignalSense in fiscal 2018, which strengthened its cloud-based data collection and breach detection solutions portfolio.
The strong portfolio and expanding clientele have been primary drivers behind Splunk’s strong top-line growth in recent times. In the last reported quarter, revenues surged 37.4% year over year to $311.6 million and surpassed the Zacks Consensus Estimate of $298 million.
Splunk added more than 460 new customers in the quarter. The company had 43 orders of $1 million or more, as compared with 35 in the year-ago quarter.
Long-term earnings growth for Twitter is currently pegged at 23.10%, while both Upland Software and Attunity is expected to grow at 20%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Splunk Acquires VictorOps, Expands DevOps Product Portfolio
Splunk is on an acquisition spree. After acquiring security startup Phantom Cyber in February 2018 and Rocana in October 2017, the company recently announced the acquisition of VictorOps, which is a leader in DevOps incident management, for $120 million in cash and stock.
The acquisition is expected to close during Splunk’s fiscal second-quarter 2018. The addition of VictorOps will enable Splunk address the needs of DevOps, which is a rapidly growing domain of software engineering.
Per Fortune, VictorOps generates notifications, pulls relevant parties into chat groups, presents pertinent documents and keeps detailed records as teams work through coding problems.
Per Splunk management, “The combination of machine data analytics and artificial intelligence from Splunk with incident management from VictorOps creates a ‘Platform of Engagement’ that will help modern development teams innovate faster and deliver better customer experiences.”
Acquisitions Driving Growth Trajectory
Splunk has focused on acquisitions to expand its portfolio. The buyout of Phantom Cyber helped it to bolster its cybersecurity offerings. Phantom’s products help automate work IT security operations.
Splunk Inc. Price and Consensus
Splunk Inc. Price and Consensus | Splunk Inc. Quote
Notably, the acquisitions of Caspida and Metafor Software (both in 2015) helped it to offer behavioral analytics products.
Rocana, on the other hand, develops analytics solutions for the IT market. Splunk also acquired SignalSense in fiscal 2018, which strengthened its cloud-based data collection and breach detection solutions portfolio.
The strong portfolio and expanding clientele have been primary drivers behind Splunk’s strong top-line growth in recent times. In the last reported quarter, revenues surged 37.4% year over year to $311.6 million and surpassed the Zacks Consensus Estimate of $298 million.
Splunk added more than 460 new customers in the quarter. The company had 43 orders of $1 million or more, as compared with 35 in the year-ago quarter.
Zacks Rank & Other Stocks to Consider
Currently, Splunk has a Zacks Rank #3 (Hold).
Stocks worth considering in the same sector are Twitter , Upland Software (UPLD - Free Report) and Attunity . All the three stocks sport Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Twitter is currently pegged at 23.10%, while both Upland Software and Attunity is expected to grow at 20%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>