Zinger Key Points
- Hewlett Packard Enterprise is reportedly in advanced talks to buy Juniper Networks for about $13 billion.
- Juniper shares were up about 22% while Hewlett Packard shares were down about 8.5%
Hewlett Packard Enterprise Co HPE shares are trading lower Tuesday following a report suggesting the company is nearing a deal to buy Juniper Networks Inc 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.
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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.
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