Splunk Isn't Done With Acquisitions Yet
If you were among those bearish investors concerned about the aggressive acquisitions by Splunk (NASDAQ: SPLK) in recent weeks, the operational intelligence platform specialist has good news and "bad" news for you.
Splunk stock fell hard last month after the company posted strong second-quarter results but left investors worried about its significantly reduced cash flow expectations (due to its shift toward a recurring subscription model), and dilution from its $1.05 billion deal (60% cash, 40% stock) for cloud-monitoring company SignalFX.
If that wasn't enough, Splunk followed less than two weeks later by announcing its acquisition of stealth-mode software-as-a-service specialist Omnition -- though this latest purchase apparently was much smaller, since financial terms weren't disclosed.
Source Fool.com
