Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Technology
ED CARSON

Hewlett Packard Enterprise To Buy Juniper Networks For $14 Billion

Hewlett Packard Enterprise will buy Juniper Networks for $14 billion, the companies announced Tuesday night. HPE stock and Juniper edged higher, after big moves on reports that a deal was close.

Cloud-services provider HP Enterprise will pay $40 a share cash for Juniper Networks, the Spring, Texas-based company said in a release. The deal has an equity value of $14 billion.

The Wall Street Journal reported Monday night that HPE and Juniper were in late-stage talks.

HPE said the deal will double its networking business and accelerate AI-driven innovation. In a statement, Chief Executive Antonio Neri called the acquisition "an important inflection point in the industry" that "will change the dynamics in the networking market and provide customers and partners with a new alternative that meets their toughest demands."

Additionally, the transaction aims to boost HPE's position in an enterprise technology market where AI has become a key focus.

"This transaction will strengthen HPE's position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers as we help bridge the AI-native and cloud-native worlds," Neri said.

Further, HPE said it expects the deal will boost non-GAAP earnings per share and free cash flow in the first year after closing.

HPE Stock

HPE stock rose 1% early Wednesday. JNPR stock edged higher.

On Tuesday, HPE dived 8.9% to 16.14 on the WSJ report, tumbling below a 17.29 buy point. JNPR stock soared nearly 22% to 36.81, the highest since a long-term peak of 38.14 in March 2022.

Please follow Ed Carson on X/Twitter at @IBD_ECarson, Threads at @edcarson1971 and Bluesky at @edcarson.bsky.social for stock market updates and more.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.