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%
- Every week, our Whisper Index uncovers five overlooked stocks with big breakout potential. Get the latest picks today before they gain traction.
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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