Top movers | SPLK surges 20% on CSCO deal; FDX beats EPS; BGNE got downgraded
@WallStreet_Tiger:
1. $Splunk(SPLK)$ surges 20% on $Cisco(CSCO)$’s $28 billion all-cash dealCisco is acquiring cybersecurity firm Splunk for $157 per share in a $28 billion all-cash deal. Splunk rises 20% before the bell.The acquisition is part of Cisco's ongoing expansion in the cybersecurity sector. Cisco plans to finance the deal with cash and debt, expecting it to be profitable within the first year and accretive to earnings per share within the second year. The deal is set to close in the third quarter of 2024.2. $BeiGene(BGNE)$ fell 7.67% with medical peers and got downgrade by BAC analystBeiGene, a biotechnology company, has seen a change in its stock assessment by Bank of A