Can anyone tell here why Cisco has chosen rather Datadog.
Datadog could have been better alternative. Heard HPE is trying to buy Datadog irrespective of the higher valuation compared to HPE itself.
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Datadog has a future and doesn’t need to sell itself.
Splunk has no future and their only option was to find a su---r to sell the business to.
There are companies that do much more than Splunk and acquired for a tenth of a price. The stupid ELT and BoD got played by Splunk. It will go down as the worst acquisition in terms of $ and functionality in the history of acquisitions
Datadog is worth more than HPE and TWO Junipers combined but their ttm revenue of $2.54B is well below Splunk's $4.22B when Cisco acquired them. Datadog's market cap well off a local peak in 2022, a trailing P/E of 276.29 and operating margins under 3% aren't exactly impressive.
I can see why shareholders might be happy taking their gains now but I'm not sure how HPE which hasn't had ttm revenue as good was it was nearly five years ago and Juniper losing 4.8% of revenue last quarter become a cradle of growth, and Datadog has a long way to go to grow into its valuation.
Because Datadog is a $55billion company that knows what it is doing. Because Cisco does not have a clue what they are doing. The ELT are used car sales people that know sh-t and GS pulled wool over their eyes prior acquisition because they didn't know any better. Splunk would not be worth a third of what Cisco paid for it. They have been had.
Ddog would be prohibitively more expensive to acquire
Having used both (install/config + ui) Datadog is significantly better than Splunk.
Because quite simply Datadog are cloud first and the same with Dyntatrace which was why Cisco had bought AppDynamics instead.