Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "splunk"


15 mentions found


Plus, we've got news on actual robots, who are threatening to pit humans against machines. That's not always a good thing. Companies love to hire Amazon alumni who inject their firms with Jeff Bezos' metrics-focused style. Amazon-trained leaders (sometimes known as "Jeff Bots") have founded more than 650 startups, and swaths have joined the industry's top C-suites, contributing to the "Amazonification" of said firms. Now, humans need to determine how to synchronize our labor with the souls of new machines — before things get out of hand.
Register now for FREE unlimited access to Reuters.com RegisterThe trio of stocks presented by Smith have fallen between 37% and 54% this year. Smith was detailing the thesis of his most recent investments at the 13D Monitor Active-Passive Investor Summit on Tuesday. "We think there's significant upside at Splunk," Smith said noting the company could boost free cash flow margins and maintain strong growth profile that could allow Splunk to generate eight to $9 of free cash flow per share by 2025. He added that, as well as growing profitability, Splunk's business made it highly attractive as a potential acquisition target. "This dynamic creates multiple ways to win and makes the investment in Splunk even more interesting," he added.
Splunk makes software used by companies’ information-technology and security operations to monitor threats and analyze data. Activist investor Starboard Value LP has a sizable stake in Splunk and plans to push the software maker to take action to boost its stock price, according to people familiar with the matter. Starboard’s stake is just under 5%, the people said. The hedge fund often targets software companies that could benefit from operational and margin improvements or be attractive takeover targets.
Chevy Chase's Amy Raskin breaks down Splunk, as stock surges
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChevy Chase's Amy Raskin breaks down Splunk, as stock surgesAmy Raskin, Chevy Chase Trust CIO, joins the 'Halftime Report' to discuss Starboard acquiring a small stake in Splunk.
Bank of America (BAC) – Bank of America jumped 3.1% in premarket trading after beating top and bottom line estimates in its third-quarter earnings report. News Corp. (NWSA), Fox Corp. (FOXA) – News Corp. gained 3.5% in the premarket while Fox Corp. slid 4.1%. Meta Platforms (META) – Meta is falling short of its goals for its flagship metaverse product "Horizon Worlds", according to internal documents seen by the Wall Street Journal. Goldman added 1% in premarket trading. Archaea Energy (LFG) – The natural gas producer's shares soared 51.1% in premarket trading after agreeing to be acquired by BP (BP) for $26 per share.
Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.
3 Stock Lunch: SPLK, FOX and RBLX
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3 Stock Lunch: SPLK, FOX and RBLXLee Munson, president and CIO of Portfolio Wealth Advisors, joins 'Power Lunch' to discuss three stocks: Splunk, Fox and Roblox.
WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Activist investor Starboard has sizable stake in Splunk
  + stars: | 2022-10-16 | by ( ) www.reuters.com   time to read: +1 min
Oct 16 (Reuters) - Activist investor Starboard Value LP has a nearly 5% stake in Splunk Inc (SPLK.O) and plans to push the software maker to take steps that would boost its share price, a source familiar with the matter said. Starboard and Splunk did not immediately respond to Reuters' requests for comment. Register now for FREE unlimited access to Reuters.com RegisterLast week, Splunk added two directors to its board, including a partner from Hellman & Friedman. The private-equity firm owns about 7.8% stake in the software maker. Last month, the activist hedge fund disclosed its stake in website development platform Wix, supporting Wix's bid to become profitable.
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Walmart as overweight Morgan Stanley said that Walmart+ could be worth $45 billion. Morgan Stanley upgrades Amgen to overweight from equal weight Morgan Stanley said the biopharma company is a defensive stock. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said Microsoft has an attractive valuation. Morgan Stanley downgrades Zoom to equal weight from overweight Morgan Stanley said there's a lack of near term catalysts for the stock. Morgan Stanley names Taiwan Semiconductor as a catalyst driven idea Morgan Stanley said it's bullish heading into semiconductor company's analyst meeting on Thursday.
The information-technology firm Riverbed is betting it can outdo giants like Cisco, worth about $172 billion, in the observability-tools space. In a switch from its networking hardware roots, Riverbed is launching more software products that use artificial intelligence and machine learning to monitor a firm's IT infrastructure, known as observability tools. After years of hardship, Riverbed's suite of observability tools generates more sales than its hardware, making it pivotal to the firm's recovery strategy. Riverbed's focus on observability software is especially important now that the chip shortage is slowing down the production of its WAN optimization devices, another blow to its hardware sales, Smoot said. That's why it's not discontinuing its hardware business despite hinging future growth on the observability market.
Chip designer Arm appoints Jason Child as CFO
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterSept 26 (Reuters) - Britain's Arm Ltd said on Monday it has appointed Jason Child as its new chief financial officer (CFO). Child, who stepped down as the CFO of Splunk Inc (SPLK.O) on the same day, will join the company on Nov. 2 this year, the chip designer said. Child will succeed Inder Singh, who will remain at Arm in an advisory role and assist in the transition through November before moving to a new opportunity, Arm said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jahnavi Nidumolu in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Splunk CEO says hiring is getting easier
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSplunk CEO says hiring is getting easierCNBC's Jim Cramer spoke with Splunk CEO Gary Steele on Thursday's episode of "Mad Money."
Watch Jim Cramer's full interview with Splunk CEO Gary Steele
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Jim Cramer's full interview with Splunk CEO Gary SteeleThe "Mad Money" host interviewed Splunk CEO Gary Steele on Thursday's episode of the show.
One of those stocks, Five9, could see 98% upside, according to the firm's price target. In addition, the stocks had a 14-day RSI (or relative strength index) below 35, as of Sept. 7. Splunk and FedEx followed, with both names potentially seeing 59% gains, according to Barclays' price targets. The stock has 39% upside, as well as a 14-day RSI reading of 30.5, according to Barclays' price target. Another tech name, Salesforce , is down about 35% year to date, but has 32% upside, according to Barclays.
Total: 15