Cisco's Splunk Deal Could Spark More Software M&A, Boosting Elastic

Cisco's purchase of Splunk could start a wave of software M&A deals, potentially benefiting Elastic.
Elastic provides a data analytics platform incorporating AI and machine learning to power search and security.
The company is recognized by major tech firms like Google, Microsoft, and Amazon.
Heavy R&D spending masks Elastic's profitability, but shows investment for the long-term.
Compared to Splunk, Elastic has a lower float and institutional ownership, so could see a share price surge if interest rises.

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