Well, here's an attempt at explaining it. Splunk describes itself as "Data-to-Everything-Platform, Powering Security, IT, and DevOps". The company gathers real-time data for its clients related to their businesses to assist with operations, security and gain insights into their customers. Basically, it claims to remove the barrier data and action.
Real Money's Bruce Kamich says the charts and indicators suggest a good bounce to the upside. Don't have a RealMoney.com subscription? Sign up here.
Below are some highlights to this American technology company:
September 2013. Splunk acquired BugSense, a mobile-device data-analytics company, and Cloudmeter, a provider of network data capture technologies.
July 2015. Splunk acquired Caspida, a cybersecurity startup, for $190 million.
September 2016. Splunk pledged to donate $100 million in software licenses, training, support, and education for nonprofits and schools over a 10-year period.
April 2018. Splunk acquired Phantom Cyber Corporation for approximately $350 million. The company reached $14.8 billion of market capitalization.
June 2021. Splunk’s client list includes 92 companies on the Fortune 100 list, including Domino's Pizza, Intel, Zillow, Coca-Cola, Nordstrom, and Groupon.