Cisco Bets Big on Cybersecurity With Its Splunk Acquisition -- Is the Stock a Buy?

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In an era of software mega-deals, old network infrastructure giant Cisco Systems (NASDAQ: CSCO) apparently doesn't want to be left out. It just announced it intends to acquire Splunk (NASDAQ: SPLK), which specializes in data log analysis and cloud observability software, for $28 billion in cash. If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever.