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Pragya Pandey

EXPLAINED: Is splunk a buy or a sell after recent earnings | Rare Historical Photos

San Francisco-based Splunk Inc. (SPLK) develops software and cloud solutions that provide and operationalize insights from data created by digital systems worldwide. It also has a strategic agreement with Tenable Holdings, Inc. to safeguard active directory and convergent operational technology environments.

Its shares surged nearly 8.3% in price in intraday trading last week after private equity firm Hellman & Friedman announced that it acquired a 7.5% stake in the company.

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