“The #1 Tech Opportunity of the Decade”

On February 8th, Luke Lango is making his biggest call of 2023. He’s recommending technology (that you’ve likely never heard of) that could help 122 million people… And mint up to $3 trillion in wealth.

Wed, February 8 at 8:00PM ET
 
 
 
 

SPLK Stock Alert: What to Know as Splunk Extends Partnership With Amazon

  • Splunk (SPLK) stock is rising on an extended deal with Amazon (AMZN).
  • That covers another five years of collaboration with Amazon Web Services.
  • Investors are reacting well to news of the expanded partnership.
Splunk (SPLK) logo on the company office in Santana Row.

Source: Michael Vi / Shutterstock.com

Splunk (NASDAQ:SPLK) stock is on the move Thursday morning following news of an extended partnership with Amazon (NASDAQ:AMZN).

The newest extension adds an additional five years to its agreement with Amazon Web Services. This has Splunk continuing to offer its data analyzing services to customers with the help of Amazon’s cloud computing platform.

To go along with this, Splunk has released a public preview of its add-on for Amazon Security Lake. This is available on the Splunkbase marketplace and allows customers to build their own security data lake. That includes “integrated cloud and on-premises data sources,” as well as private applications.

Ruba Borno, Vice President of Worldwide Channels and Alliances at AWS, said the following about the expansion:

“The strength of our collaboration with Splunk is amplified by our commitment to co-innovation and exceptional, data-driven outcomes for our joint customers […] The focus of our collaboration is fueled by supporting our customers’ cloud migration journey, sustainability initiatives and strategies that expedite digital transformation and drive success.”

What This Means for SPLK Stock

An expanded deal with Amazon is good news for SPLK stock. It means the two companies will continue to work together to provide customers with important data services. More business is better for Splunk and this latest agreement ensures another five years of collaboration.

SPLK stock investors are also reacting well to today’s news with the company’s stock up 8% in pre-market trading Thursday morning.

Investors looking for more of the most recent stock market news will want to keep reading!

InvestorPlace is home to all of the latest stock market news traders need to know about today! That includes the biggest pre-market stock movers this morning, as well as details from Federal Reserve Chairman Jerome Powell’s speech and more. You can read up on all of this news at the following links!

More Thursday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2022/12/splk-stock-alert-what-to-know-as-splunk-extends-partnership-with-amazon/.

©2023 InvestorPlace Media, LLC