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Splunk Inc. SPLK said Wednesday it's planning to cut about 7% of its global workforce, mostly in the U.S. The company had 8,000 employees as of Jan. 31, according to its most recent annual report, suggesting about 640 employees will be cut. The software company expects to book charges of about $42 million for severance and other costs, as well as about $5 million in non-cash charges for share-based compensation expense, it said in a regulatory filing.
Splunk (SPLK) closed at $147.16 in the latest trading session, marking a -0.03% move from the prior day.
SPLK, JELD and URBN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 12, 2023.
EONGY, STRL and SPLK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 5, 2023.
In the burgeoning intelligence economy, data stands as the linchpin of innovation. By 2025, six billion consumers are expected to tap into data every 18 seconds, bolstered by IoT devices producing a staggering 79 zettabytes (ZB).
With healthy fundamentals, Splunk (SPLK) appears to be a solid investment option at the moment.
URBN, SPLK and LMB made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 28, 2023.
Splunk (SPLK) signs an agreement to merge with Cisco for a transaction valued at roughly $28 billion. The combined capabilities of the entities will expedite innovation in cybersecurity domain.
Splunk (SPLK) reported earnings 30 days ago. What's next for the stock?
Cisco agreed to acquire Splunk for $28 billion. The deal premium is roughly 31% over Splunk's share price from the prior day.