Juniper Networks Analyst Reassures Investors About Hewlett Packard Acquisition
Portfolio Pulse from Priya Nigam
Juniper Networks (JNPR) is set to be acquired by Hewlett Packard Enterprise (HPE) in an all-cash transaction valued at $14 billion. Argus Research's Jim Kelleher upgraded JNPR from Hold to Buy with a price target of $40, citing the strategic fit with HPE's Intelligent Edge business. The deal is expected to close in late 2024 or early 2025.
June 18, 2024 | 3:56 pm
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Hewlett Packard Enterprise is acquiring Juniper Networks in an all-cash transaction valued at $14 billion. The deal is expected to close in late 2024 or early 2025, and is seen as a strategic fit for HPE's Intelligent Edge business.
The acquisition of Juniper Networks is a strategic move for HPE, enhancing its Intelligent Edge business. The deal's expected closure by early 2025 provides a timeline for investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Juniper Networks is set to be acquired by Hewlett Packard Enterprise in an all-cash transaction valued at $14 billion. Argus Research upgraded JNPR from Hold to Buy with a price target of $40, citing the strategic fit with HPE's Intelligent Edge business.
The upgrade to Buy and the strategic fit with HPE's business are positive indicators for JNPR. The acquisition price represents a 13% premium over the current price, suggesting potential upside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100