Splunk stock spikes on $28B acquisition deal

Splunk stock spikes on $28B acquisition deal

Shares of Splunk (NASDAQ: SPLK) surged more than 20% to $145 on Thursday after the networking technology giant Cisco Systems (NASDAQ: CSCO) announced that it has reached an agreement to buy cybersecurity company Splunk for about $28 billion. The deal will strengthen Cisco’s software business and revenue growth exceptionally on the boom of AI.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global markets ended last week on a mixed note rattled by uncertainty over the next moves of central banks. This week the economic calendar will bring investors the US August CPI and PPI inflation data. The main event on the calendar for monetary policy this week is the meeting of the European Central Bank on Thursday. One of the other main attractions for this week is Apple's 'Wonderlust event'.