Summary: Splunk stock is no longer available for trading because Cisco Systems (NASDAQ: CSCO) completed its acquisition of the company on March 18, 2024. As such, it’s possible to indirectly invest in it by buying CSCO stock through a reputable brokerage platform, such as eToro.
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About Splunk
Splunk is a dynamic software enterprise renowned for its expertise in transforming raw data into actionable insights, offering a comprehensive platform designed to empower businesses in aggregating, scrutinizing, and presenting extensive data volumes. This innovative data-driven methodology has achieved widespread acclaim across diverse industries, firmly establishing Splunk as a prominent and influential figure within the ever-evolving landscape of technology.
Cisco Systems acquisition
On March 18, 2024, Cisco Systems completed its acquisition of Splunk. As a result, the company’s stock was delisted from the NASDAQ stock exchange and ceased trading prior to the market opening on that date. Shareholders received $157 in cash for each share of Spunk they owned.
How to buy Splunk stock: Step-by-step process
Since Splunk is no longer publicly traded, it’s not possible to buy its stock. However, you can indirectly invest in the company by buying Cisco System’s stock. To do so, you can follow our step-by-step guide below.
Step 1: Choose a broker
Before you can buy Cisco Systems stock, you’ll need to choose an online broker. Note that a brokerage account allows you to buy, sell, and hold stocks, as well as other financial instruments like mutual funds, exchange-traded funds (ETFs), etc.
Nevertheless, there are numerous brokerages out there. You should, hence, look for a service that offers a user-friendly platform, reasonable fees, and the ability to purchase NASDAQ-listed stocks like CSCO.
When it comes to CSCO stock, our go-to brokerage is eToro. A fully regulated and licensed platform by CySEC in the EU and FinCEN in the US, eToro is home to over 30 million investors from all over the world. Moreover, it offers a myriad of great features, such as:
- Commission-free stock trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Open a brokerage account
Once you’ve selected a brokerage, you’ll need to open an account. This typically involves providing personal information, verifying your identity, and linking a bank account to fund your stock purchases.
Depending on which brokerage you go with, the process will be unique. However, they are all straightforward, allowing you to register in minutes and start buying, selling, and trading stocks and other financial instruments.
Step 3: Deposit funds
After your account is set up and verified, you’ll need to deposit funds into your brokerage account. This is the money you’ll use to buy CSCO stock. Most brokerages offer various funding options, such as bank transfers or electronic payments.
Step 4: Research Cisco Systems stock
Regardless of which stock you’re looking to buy, before making any investment, it’s crucial to research the company you’re interested in.
In this case, you should take a close look at Cisco Systems’ financial performance, recent news, competitive landscape, and future growth prospects. Only with this information will you be able to make an informed decision about whether to buy CSCO stock.
Step 5: Place an order to buy CSCO stock
Once you’re confident in your decision, the time will be to place an order to buy CSCO stock. Hence, log in to your brokerage account, search for Cisco Systems’ ticker symbol CSCO, and select the number of shares you want to purchase.
You’ll additionally need to determine the type of order you want to place on Cisco Systems stock. These are a market order (buy at the current market price) and a limit order (buy at a specific price or better).
CSCO stock price today
Common mistakes to avoid when buying stock
All investing carries inherent risks, CSCO stock included. However, to mitigate that risk, it’s crucial to be wary of common mistakes novice or reckless investors make. As such, we should point out that you should avoid:
- Neglecting research: Failing to research the company thoroughly can lead to uninformed investment decisions;
- Overlooking fees: Some brokerages charge fees for trades and account maintenance. Therefore, be aware of these costs to avoid surprises;
- Emotional investing: Making decisions based on emotions rather than facts can lead to poor investment choices;
- Lack of diversification: Placing all your funds in a single stock can expose you to higher risk. So, consider diversifying your portfolio;
- Timing the market: Trying to predict the perfect time to buy can be challenging. Focus on the company’s long-term potential instead.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Splunk stock
Can I buy Splunk stock directly from the company?
No, you can’t buy Splunk stock at all since it was delisted from the NASDAQ after its acquisition by Cisco Systems (NASDAQ: CSCO). You can instead buy CSCO stock to indirectly invest in Splunk.
How much money do I need to start investing?
The amount you need depends on the current stock price and how many shares you want to purchase. Therefore, carefully review the stock price and check whether it’s something you can afford at the moment.
Can I lose money by investing?
Yes, investing in stocks carries risk, and the value of your investment can fluctuate.
Can I sell my stock anytime I want?
Yes, you can sell your stock whenever the stock market is open.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
