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Cisco acquires Splunk for $28 billion. Here's what the pros say to do next

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Pros on CNBC discussed Cisco after the company announced its largest acquisition ever by acquiring cybersecurity company Splunk for $28 billion.

Market Movers rounded up the latest reactions on Cisco Systems from investors and analysts.

The pros, including Jim Cramer , discussed the all-cash deal as Splunk 's stock rocketed more than 20% following the announcement that Cisco will acquire it for $157 per share, or about $28 billion. The CEOs of Cisco and Splunk joined CNBC Thursday to explain the buyout and growth opportunities ahead. Cisco shares dipped 3.9% Thursday.

 

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