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Time of India
03-07-2025
- Business
- Time of India
HPE closes $14 bn acquisition of Juniper Networks to pursue AI, data center opportunities
NEW DELHI: Hewlett Packard Enterprise (HPE) on Wednesday closed the $14-billion all-cash acquisition of Juniper Networks , following receiving a key regulatory approval in the US, to pursue artificial intelligence (AI)-driven networking business opportunities, and compete strongly with its domestic counterpart Cisco. 'The combination positions HPE to capture the growing AI and hybrid cloud market opportunity by creating an industry-leading cloud-native and AI-driven IT portfolio, including a full, modern networking stack,' HPE said in a statement. The Texas-headquartered server maker said that the 'transaction doubles the size of HPE's networking business', adding that it also accelerates the company's portfolio mix shift to higher-margin, higher-growth areas and positions the company for 'long-term profitable revenue growth'. 'Today begins a new era for HPE – we are now at the epicenter of the transformation of IT, where AI and networking are converging,' said Antonio Neri , president and CEO of HPE. In addition to positioning HPE to offer a modern network architecture and products across hybrid Cloud, AI and networking, the acquisition accelerates the company's 'profitable growth strategy' and expands its total addressable market into adjacent areas, including data center, firewalls, and routers, Neri added. 'HPE and Juniper have a unique opportunity to disrupt the networking industry at the most important and relevant time,' said Rami Rahim , former CEO of Juniper Networks, who will now lead the combined HPE Networking business as its president and general manager (GM). 'I am a technologist at heart and when I look at the opportunity here to combine technologies and teams to compete, not just with Cisco, but with this very vibrant, very competitive landscape, it's incredibly exhilarating to me,' Rahim said during a press conference, SDxCentral reported. The acquisition of Juniper's high-margin business is expected to be accretive in the near- and long-term for the combined company. The transaction will be accretive to non-GAAP EPS in the first post-close, with the combined networking business contributing more than 50% of total company operating income, according to the statement. The US Justice Department recently settled its lawsuit challenging HPE's acquisition of Juniper . The settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper's Mist AI software used in Juniper's wireless local network (WLAN) products. HPE had announced the acquisition more than a year ago, saying it would enhance its AI offerings. The acquisition was approved by Juniper shareholders on April 2, 2024. With the completion of the transaction, shares of Juniper's common stock, which traded on the NYSE under the symbol 'JNPR,' have ceased trading and will no longer be listed on the stock exchange. Datadog Inc separately said it will replace Juniper Networks in the S&P 500 effective prior to the opening of trading on Wednesday, July 9. For the quarter ended April 30, HPE posted revenue of $7.63 billion. It has forecasted a third-quarter revenue between $8.2 billion and $8.5 billion
Yahoo
02-07-2025
- Business
- Yahoo
Hewlett Packard (HPE) Surges 11% as it Moves Forward With $14-Billion Juniper Acquisition
We recently published . Hewlett Packard Enterprise Company (NYSE:HPE) is one of last week's top performers. Hewlett-Packard rose for a second day on Monday, adding 11.08 percent to close at $20.45 apiece as investors cheered the settlement of its legal battle with the Justice Department over its $14 billion acquisition of Juniper. To recall, the Justice Department sued Hewlett Packard Enterprise Company (NYSE:HPE) in January this year to block its acquisition of Juniper, saying that it was anti-competitive, would eliminate competition, raise prices, and reduce innovation. The settlement, which remains subject to court approval, would force Hewlett Packard Enterprise Company (NYSE:HPE) to divest its global Instant On campus and branch business. A woman programmer in a modern office working with multiple computer servers. It would also facilitate limited access to Juniper's advanced Mist AIOps technology upon closing of the transaction. 'Our agreement with the DOJ paves the way to close HPE's acquisition of Juniper Networks and preserves the intended benefits of this deal for our customers and shareholders, while creating greater competition in the global networking market,' said Hewlett Packard Enterprise Company (NYSE:HPE) President and CEO Antonio Neri. While we acknowledge the potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
30-06-2025
- Business
Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlement
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation. The settlement, which is subject to court approval, calls for Hewlett Packard Enterprise to divest its global Instant On campus and branch business. Hewlett Packard Enterprise will facilitate limited access to Juniper's advanced Mist AIOps technology once the deal closes. 'Our agreement with the DOJ paves the way to close HPE's acquisition of Juniper Networks and preserves the intended benefits of this deal for our customers and shareholders, while creating greater competition in the global networking market,' Antonio Neri, president and CEO of HPE, said in a statement. Last year Hewlett Packard Enterprise announced that it was buying Juniper Networks for $40 a share in a deal expected to double HPE's networking business. Juniper provides routers, switching gear and network security products from its headquarters in Sunnyvale, California. The Justice Department's intervention — the first of the new administration and just 10 days after Donald Trump's inauguration — came as somewhat of a surprise at the time. Most predicted a second Trump administration would ease up on antitrust enforcement and be more receptive to mergers and deal-making after years of hypervigilance under former President Joe Biden's watch. Shares of Hewlett Packard Enterprise surged more than 12% in Monday afternoon trading, while Juniper Networks' stock climbed more than 8%.
The Hill
30-06-2025
- Business
- The Hill
Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlement
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation. The settlement, which is subject to court approval, calls for Hewlett Packard Enterprise to divest its global Instant On campus and branch business. Hewlett Packard Enterprise will facilitate limited access to Juniper's advanced Mist AIOps technology once the deal closes. 'Our agreement with the DOJ paves the way to close HPE's acquisition of Juniper Networks and preserves the intended benefits of this deal for our customers and shareholders, while creating greater competition in the global networking market,' Antonio Neri, president and CEO of HPE, said in a statement. Last year Hewlett Packard Enterprise announced that it was buying Juniper Networks for $40 a share in a deal expected to double HPE's networking business. Juniper provides routers, switching gear and network security products from its headquarters in Sunnyvale, California. The Justice Department's intervention — the first of the new administration and just 10 days after Donald Trump's inauguration — came as somewhat of a surprise at the time. Most predicted a second Trump administration would ease up on antitrust enforcement and be more receptive to mergers and deal-making after years of hypervigilance under former President Joe Biden's watch. Shares of Hewlett Packard Enterprise surged more than 12% in Monday afternoon trading, while Juniper Networks' stock climbed more than 8%.
Yahoo
30-06-2025
- Business
- Yahoo
Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlement
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation. The settlement, which is subject to court approval, calls for Hewlett Packard Enterprise to divest its global Instant On campus and branch business. Hewlett Packard Enterprise will facilitate limited access to Juniper's advanced Mist AIOps technology once the deal closes. 'Our agreement with the DOJ paves the way to close HPE's acquisition of Juniper Networks and preserves the intended benefits of this deal for our customers and shareholders, while creating greater competition in the global networking market,' Antonio Neri, president and CEO of HPE, said in a statement. Last year Hewlett Packard Enterprise announced that it was buying Juniper Networks for $40 a share in a deal expected to double HPE's networking business. Juniper provides routers, switching gear and network security products from its headquarters in Sunnyvale, California. The Justice Department's intervention — the first of the new administration and just 10 days after Donald Trump's inauguration — came as somewhat of a surprise at the time. Most predicted a second Trump administration would ease up on antitrust enforcement and be more receptive to mergers and deal-making after years of hypervigilance under former President Joe Biden's watch. Shares of Hewlett Packard Enterprise surged more than 12% in Monday afternoon trading, while Juniper Networks' stock climbed more than 8%.
