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Cisco Acquires Splunk

splunk.com

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Re: Cisco Acquires Splunk

#511

Post by qeternity »

toochtooch wrote: post #506
qeternity wrote: post #424

Earlier quoted context omitted.

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.

How exactly are you scalping gamma by buying calls 24 hours before expiration?

I’m not really sure what you mean. If I buy 10 lots of ATM 0dte puts, and 5 lots of underlying, I will have a delta neutral position. If the market moves up, my put delta will be less than 50 due to gamma, so I am now net long. So I sell some underlying for a small profit which takes me back to delta neutral. Then the market moves back down again, and my put delta increases leaving me net short (again due to gamma). So I buy some underlying to keep me delta neutral. This is called gamma scalping.

In the above, I’ve just realized a small profit by trading the underlying and a small bit of theta burn. As long as the former is greater than the latter (as long as realized vol > implied vol) I make money.

Rinse and repeat this process over and over again.

Re: Cisco Acquires Splunk

#512

Post by Atotalnoob »

mschuster91 wrote: post #390
manvillej wrote: post #357

Earlier quoted context omitted.

Epic, ServiceNow, Workday, Basically every ERP technology every invented.

ServiceNow actually is quite decent... if you have a good management team, that is. I know a well run implementation and one that's a horrid clusterfuck no one wants to use (and because of that, they're implementing some AI chatbot, which I'm sure will piss people off even more).

Snow has had a "chatbot" for a while.

It was super expensive and what I dubbed a "choice bot"

Where you are basically navigating a decision tree and the text box is extraneous

Re: Cisco Acquires Splunk

#514

Post by pantulis »

nickstinemates wrote: post #414
pantulis wrote: post #86

Earlier quoted context omitted.

It's better -because it's easier to scale- to sell a single 1M$ license than selling a thousand 1000$ licenses.

I completely disagree with both the spirit of the comment as well as the particular strawman presented. It is not better at all, by almost any metric other than overhead. Losing 1 of 1000 customers @ $1000 is very different than 1 of 1 customer @ $1M. One is easy to manage, the other leaves you dead in the water. In addition, you'd start to make concessions/unnatural decisions because you're so lopsided in diversity.…

Absolutely valid point, thanks for your comment!

Re: Cisco Acquires Splunk

#515

Post by ckdarby »

sethammons wrote: post #434
bugsense wrote: post #38

Earlier quoted context omitted.

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

Splunk is hands down the best log analysis tooling I've used. If not for the hefty price tag, I'd use it for my personal stuff and every workplace I've been. Structured logs and Splunk are the stuff dreams are made of if you care about monitoring the quality of software. The logs into metrics abilities along with the ability to unlock finding relationships in data is amazing. Mouse over the fields found in logs match…

The entire moat is gone. The biggest value driver they had was integrations to get the data there, but now ebpf, telegraf and Vector have destroyed that moat.

With Vector you can even source from Splunk and move elsewhere.

Re: Cisco Acquires Splunk

#516

Post by ckdarby »

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.

They're profitable now with Cisco acquiring them. They'll trim the company by at least 20% through restructuring either out or to other places of Cisco.

They'll pick up another 10-20% capex/open/cogs on private pricing that Cisco gets.

Great M&A if Cisco manages to maintain Splunk's customer base. I look at Splunk as the Oracle DB of the world now, does anything a giant enterprise can imagine, but is old and costs a leg & arm.

Re: Cisco Acquires Splunk

#517

Post by uaas »

andrewjl wrote: post #313
bane wrote: post #108

To pile onto the Splunk "love" going on here. Splunk is one of those systems that's too "powerful" for small use-cases, but too expensive for the ones it's really designed for. Anecdote, I once worked with a client that really wanted to get Splunk, but produced so much network traffic that the discounted annual costs were more than the entire budget for the rest of the organization combined. That's staff, the buildin…

Having used other ELK stacks for logging, but never Splunk, what makes them worth what they charge?

Splunk is not an ELK stack, and there are no other ELK stacks than Elasticsearch, Logstash and Kibana.

Re: Cisco Acquires Splunk

#518

Post by technovangelist »

xmcqdpt2 wrote: post #495
posnet wrote: post #417

Earlier quoted context omitted.

They also directly broke Levine's second rule of insider trading. 2. Don’t do it by buying short-dated out-of-the-money call options on merger targets [0] [0]: lawsofinsidertrading.com

Yeah I would have thought they should have bought Datadog stock instead... but actually DDOG is down. I'd make a poor trader.

Cisco offered to buy ddog the night before the ipo. Thankfully ddog said no.

Re: Cisco Acquires Splunk

#519

Post by silverfox17 »

wbl wrote: post #206
silverfox17 wrote: post #134

Earlier quoted context omitted.

You can't really make an informed decision without knowing how much data they were moving. For it to be that expensive, you'd need to be moving a ludicrous amount of data, and you can always parse data down to the required fields before indexing, which saves on licensing costs.

What are the required fields in an incident with a new bug pray tell?

It obviously depends. It's not a one size fits all answer.

Re: Cisco Acquires Splunk

#520

Post by ec109685 »

solatic wrote: post #402
ec109685 wrote: post #30

Earlier quoted context omitted.

Why is pagerduty hard to switch off of? It has all kinds of useless and expensive bells and whistles, while the core functionality is a commodity that several companies offer. We moved vendors a few time and it wasn’t that painful.

Who else will call a POTS phone line when there's an alert? Fact: I'm not going to hear my phone ping in the middle of the night. I'm much more likely to hear my phone ring.

Calling landline is table stakes for all “paging as a service” companies.
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