- Splunk Inc (NASDAQ: SPLK) inked an agreement to acquire San Francisco’s cloud-native security company TruSTAR.
- The financial terms of the transaction were not disclosed.
- TruSTAR’s cloud-native solution centralizes threat data from a wide array of sources for seamless integration into Security Analytics and SOAR workflows for more autonomous, higher efficacy security operations, Splunk SVP Sendur Sellakumar said.
- The combination of TruSTAR with Splunk’s leading enterprise data platform will bring security, and IT teams to a new level of integration, automation, and resilience, TruSTAR CEO Patrick Coughlin said.
- Splunk held $1.8 billion in cash and equivalents as of Jan. 31, 2021.
- Jefferies has maintained a ‘Buy’ on Splunk but has lowered its price target to $175.
- Price action: SPLK shares traded higher by 0.12% at $114.51 on the last check Tuesday.
Why Micron Technology’s Stock Is Trading Higher Today
Micron Technology, Inc. (NASDAQ: MU) shares are trading higher. Strength possibly in sympathy with the overall semiconductor space for the session along with the company late Monday initiating a quarterly dividend of $0.10 per share.
