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What’s Going On With Hewlett Packard Enterprise Stock?

Hewlett Packard Enterprise Co (NYSE: HPE) shares are trading lower Tuesday following a report suggesting the company is nearing a deal to buy Juniper Networks Inc (NYSE: JNP
byAdam Eckert
January 9, 2024
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Hewlett Packard Enterprise Co (NYSE:HPE) shares are trading lower Tuesday following a report suggesting the company is nearing a deal to buy Juniper Networks Inc (NYSE: JNPR).

What To Know: According to a Wall Street Journal report, Hewlett Packard Enterprise is in advanced talks to buy Juniper Networks for around $13 billion. 

The potential acquisition aims to better position Hewlett Packard to take advantage of the emerging AI opportunity.

The report indicates that a deal could be announced as soon as this week. Juniper Networks shares were up more than 22% at the time of writing, according to Benzinga Pro.

Check This Out: Bank Earnings Preview: Cautious Outlook As JPMorgan, Citigroup, BofA And Wells Fargo Report On Friday

HPE Price Action: Hewlett Packard shares are down about 5% over the last year. The stock was down 8.47% at $16.23 at the time of publication.

Photo: 3844328 from Pixabay.

 
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