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Cisco Acquires Splunk

splunk.com

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Re: Cisco Acquires Splunk

#421

Post by noselasd »

aodin wrote: post #388
secfirstmd wrote: post #383

Earlier quoted context omitted.

Possibly. I guess you can't remove the idea that the information was found through some open means. For all we know the private jets of the Cisco leaders might have been in the same location as those from Splunk.

They bought 1-day options, so they knew the timing of the announcement.

Did anyone do the same the two days ago? (but just did't make any money yesterday ?). What about 100 days ago ? And so on.

It is certainly no secret that Cisco wanted to buy Splunk for $20BN in Februart 2022

Re: Cisco Acquires Splunk

#422

Post by jitl »

bugsense wrote: post #38
tw04 wrote: post #11

Wow - I guess I'm both surprised and completely unsurprised. Surprised because Splunk is a pretty big pill to swallow. Unsurprised because they've obviously been interested in the space for a long time (they attempted to acquire Datadog and got shot down). https://realmoney.thestreet.com/investing/technology/cisco-r... Good luck Splunk folks - Cisco isn't exactly known for their software innovation in the upper stack…

Splunk is a dead player too. It's a great match.

We [Notion] switched to Splunk Cloud a year or so ago, and it's vastly better than the other logging systems we've used. Much, much better than Kibana/Elasticsearch. We don't need to worry about indexed property limits anymore, yay. I'm a happy user.

Re: Cisco Acquires Splunk

#423

Post by qeternity »

theogravity wrote: post #406
onei wrote: post #381

Earlier quoted context omitted.

From an outsider perspective, it looks hard to label this as anything but insider trading. Is that the wrong take?

The not-insider-trading possibility: It's possible someone was selling contracts as a hedge since the tech market has been really bad this week. A market maker was obligated to buy the contracts. The person selling the contracts gets $22k in premium, and misses out on the pop. The market maker will absolutely exercise the contracts and profit. (This is coming from someone who sold APPL calls expiring tomorrow for .08…

This is not quite how things work. Market makers don’t just take risk and not hedge. They would have hedged deltas (by shorting stock) and gamma/vega by selling other stuff (or this offset stuff they had sold previously). Impossible to say whether an MM would have made or lost money but usually gap moves like this cost MM on a net basis.

Re: Cisco Acquires Splunk

#424

Post by qeternity »

DSingularity wrote: post #400
smilbandit wrote: post #389

Earlier quoted context omitted.

My depth of stock trading stops at the buy low sell high level. Can someone explain a little more if you have time? What would have happened to those trades if splunk had went down 20%?

They lose 22,000$ This was insider trading.

This is an overly simplistic view of options trading. Let’s say I had a view that the stock was going to be volatile, more so than options implied, but didn’t have a directional view. I could buy the calls and short the stock and scalp my gamma during the move.

Or let’s say I was short the stock and wanted to hedge during a volatile FOMC period.

Re: Cisco Acquires Splunk

#425

Post by everdrive »

pbjtime wrote: post #396
akulbe wrote: post #41

Earlier quoted context omitted.

What makes you say Splunk is a dead player? Not arguing with you, it's genuine curiosity on my part.

The software seems very lazy. The interface belongs in the 90s. They've been resting on their laurels for eons. The fuckin basic ass PowerShell IDE that comes with windows is about seventeen trillion times more well designed and user-friendly.

>The interface belongs in the 90s Maybe this is why I actually like Splunk. Everything is simple an intuitive. Modern UIs seem to be universally terrible.

Re: Cisco Acquires Splunk

#426

Post by threeseed »

pbjtime wrote: post #396
akulbe wrote: post #41

Earlier quoted context omitted.

What makes you say Splunk is a dead player? Not arguing with you, it's genuine curiosity on my part.

The software seems very lazy. The interface belongs in the 90s. They've been resting on their laurels for eons. The fuckin basic ass PowerShell IDE that comes with windows is about seventeen trillion times more well designed and user-friendly.

The companies that buy Splunk don't care about its interface.

They care about its capabilities and its on a different level than Datadog, Elastic etc

Re: Cisco Acquires Splunk

#427

Post by liveoneggs »

manicennui wrote: post #291
liveoneggs wrote: post #46

Earlier quoted context omitted.

they price-out medium customers so mind-share decreases

Their revenue is increasing and their losses are decreasing. They are fairly close to profitability. This is just nonsense.

idk it's just my anecdote

Re: Cisco Acquires Splunk

#428

Post by hyeomans »

theogravity wrote: post #406
onei wrote: post #381

Earlier quoted context omitted.

From an outsider perspective, it looks hard to label this as anything but insider trading. Is that the wrong take?

The not-insider-trading possibility: It's possible someone was selling contracts as a hedge since the tech market has been really bad this week. A market maker was obligated to buy the contracts. The person selling the contracts gets $22k in premium, and misses out on the pop. The market maker will absolutely exercise the contracts and profit. (This is coming from someone who sold APPL calls expiring tomorrow for .08…

I understood nothing of what you said, what is a good resource/starting point to understand the meaning of this?

Re: Cisco Acquires Splunk

#429

Post by liveoneggs »

manicennui wrote: post #292
dangus wrote: post #60

Earlier quoted context omitted.

Are medium-sized customers valuable to Splunk? In sales we call this "Ideal Customer Profile." Why do I want a customer with less money to spend if I have a product with enough capability for the gigantic money-is-no-object customers?

I doubt that the parent has any idea what "medium-sized" means. A few million in revenue is not medium sized.

I mean 50 - 500 person companies

Re: Cisco Acquires Splunk

#430

Post by jmvoodoo »

kabes wrote: post #409
roozbeh18 wrote: post #391

Earlier quoted context omitted.

Easy for sec to identify affiliation to Splunk for this call.

What's the chance the sec will go after this? I guess they don't have the capacity to go after all these cases, even the clear cut ones

They'll investigate this. It's an easy target.
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