SPLUNK INC FREE
Also, the focus on profitability and Free Cash Flow demonstrates a more balanced approach by management.However, Cikos believes management has appropriately handicapped these risks with conservatism in the guide.Still, the analyst acknowledged that the demand environment is more tenuous today compared to a few months ago, given commentary on customers' pushouts of Cloud migrations and expansions in the current environment.Walking away from the call, Cikos was incrementally more positive on shares of Splunk.Independent of and before the H&F news, he spoke with Splunk last week to calibrate his sense of investor conversations and revisit the 2HFY23 guide.A 13D filing on September 9 noted that H&F's position has increased to 7.9%, and the Private Equity firm is Splunk's largest active holder.The announcement comes approximately six months after H&F first disclosed its 7.5% position in Splunk. Ownership Structure: publicly traded (ticker symbol SPLK) Headquartered in: California Major Industry: information.
SPLUNK INC SOFTWARE
Splunk software and cloud services enable. Last week, Splunk announced it had entered an agreement with Hellman & Friedman to provide confidential information, so H&F could assess its investment and provide Splunk with perspective on the company's "business, strategy, and finances." (NASDAQ: SPLK) provides the leading software platform for real-time Operational Intelligence.Needham analyst Mike Cikos reiterated a Buy on Splunk Inc SPLK and a $118 price target.Investors include Storm Ventures, Acrew Capital, S28 Capital, Heavybit, Resolute Ventures and Aspect Ventures. Prior to acquisition, TruSTAR had raised $17 million in funding, according to data from Crunchbase.
“TruSTAR’s cloud-native solution centralizes threat data from a wide array of sources so it can be seamlessly integrated into Security Analytics and SOAR workflows to provide more autonomous, higher efficacy security operations.” “In today’s data age, integrated and automated intelligence is critical to accelerate detection, streamline response and increase cyber resilience,” Sendur Sellakumar, senior vice president, cloud and chief product officer at Splunk, said in a statement. Existing TruSTAR customers will be able to take advantage of community and freemium feeds from several of Splunk’s commercial threat intelligence integration partners, including Intel471, Recorded Future and Mandiant.
TruSTAR’s capabilities will be added to the Splunk Data-to-Everything platform. Splunk will use TruSTAR’s technology to advance its ability to offer comprehensive security solutions in the cloud, giving customers the ability to access all their data to cut through complexity, drive detection and respond to threats faster and autonomously. Notable among them are Rackspace Technology Inc., IBM Cloud, BNP Paribas S.A., Experian plc, Staples Inc. The company says it has more than 500 corporate clients. TruSTAR, though its integration marketplace, currently provides support for Splunk, LogRhythm Inc., IBM QRadar, 471 and Resilient, AWS GuardDuty, Jira, US-CERT, ServiceNow Inc., Unit 42, CrowdStrike Holdings Inc., RiskIQ Inc. The service aims to deliver technology so that teams can “defend better together” through the integration of intelligence data into every stage of their workflow to make better decisions faster. provides solutions that use data from digital systems to help organizations identify opportunities for optimization to keep their systems secure. Through the use of custom API solutions and partner integrations, TruSTAR’s intelligence management platform puts internal and external data into operation to help security teams accelerate detection, incident response, investigations and collaboration. for an undisclosed price.įounded in 2014, TruSTAR offers an application programming interface-first cloud-native intelligence management platform that transforms intelligence from third-party providers and historical events for integration and accelerated automation across core detection, orchestration and response tools. Splunk Inc. today announced its intention to acquire cloud-native security startup TruSTAR Technology Inc.
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