
Splunk’s Global Partner Summit (GPS), the premier event dedicated to supporting partners, also returns to. Splunk Partners are Ready for Anything at Global Partner Summit
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The full list of sessions is available on the Splunk. PDT, Splunk customers and executives return to demonstrate how a unified security and observability platform is the most effective way to help ensure digital systems remain secure and reliable, despite any disruption. PDT, attendees will hear how FedEx is powering its business transformation, learn how Splunk helps build a safer and more resilient digital world, and get an inside look at Splunk SURGe’s latest research into the evolving threat landscape. During the opening keynote on Monday, July 17 from 5:30 to 6:30 p.m. conf23, Splunk leaders will take the mainstage alongside Splunk customers FedEx, Carnival, IKEA and VMware to reveal the latest security and observability product innovations and celebrate customer success. “To mark the occasion, we will unveil exciting new AI-enhanced products and other powerful innovations across security and observability to thousands of our customers and partners at.

“Splunk is celebrating 20 years of helping organizations around the world keep their digital systems secure and reliable,” said Gary Steele, President and CEO, Splunk. Throughout the conference, attendees will have the opportunity to attend 200+ technical breakout sessions across five tracks, as well as participate in various hands-on workshops and product demos to help improve their organizations’ digital resilience.

conf23 is Splunk’s most anticipated event of the year. With 7,000+ attendees including 40+ sponsors and 1,500+ partners. During the event, Splunk will kick-off celebrations for its 20th anniversary as attendees from around the globe take part in educational sessions, compelling keynotes and interactive experiences that will power their organizations to be ready for anything. conf23, from July 17-20, 2023, at The Venetian Las Vegas. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced it will host its 14th annual user conference. “In addition, we believe this arrangement could lead to other strategic outcomes, including smart acquisitions that could enhance Splunk’s value proposition.Industry Leader to Reveal the Latest Unified Security and Observability Solutions Celebrates 20 Years of Innovation This should help to provide ballast to a stock that has materially underperformed,” Moskowitz wrote. “We expect that all, or virtually all, of the $1 billion proceeds will be used towards share buyback over the near- to medium-term. They have an initial conversion price of $160, which is 30% higher than the volume-weighted average closing price of Splunk’s stock in the 10 days leading up to June 21, per Splunk’s release. The convertible notes are set to mature in July 2026 and bear 0.75% interest annually. “Having said that, this is a favorable transaction for Splunk, and we commend Splunk’s management team for structuring this deal.” “In and of itself, this transaction doesn’t solve Splunk’s challenges that include a noisy business model transition, somewhat inconsistent execution, and an increasingly competitive landscape,” he wrote. Mizuho analyst Gregg Moskowitz upped his price target on Splunk’s stock to $150 from $135 following the announcement, and while he saw positives in the new arrangement, he kept a neutral rating on the stock. “Bottom line: we believe the Silver Lake investment helps support our view that Splunk’s business model transition is progressing, the competitive concerns are fully reflected in the valuation, and the recent underperformance was a bit overdone,” Materne wrote, while maintaining an outperform rating and $186 price target on Splunk shares. Hedberg has an outperform rating and $200 price target on the stock.Įvercore ISI analyst Kirk Materne wrote that the Silver Lake agreement “helps reframe” the discussion around Splunk’s risk-reward balance. “Over the past few weeks, we continued to hear from investors that an investment and/or buyback would be a positive signal to the market that the most challenging times of the transition are likely behind them as they look to accelerate adoption of their cloud tech stack,” he continued. “We see the $1 billion investment as a nice validation point that Splunk is near an inflection point post their subscription transition as we are also bullish on their new Security Cloud offering that launched today in the U.S.,” wrote RBC Capital Markets analyst Matthew Hedberg.

Had each gained about that much in the same time period. The agreement helped breathe some life into Splunk’s stock, which had declined 35% in a 12-month span as of Monday’s close while the S&P 500Īnd the iShares Expanded Tech-Software Sector ETF
