Juniper Networks (NYSE: JNPR) shares rose to $39.95 after the U.S. Department of Justice (DOJ) decided to settle its antitrust lawsuit, removing a significant barrier to Hewlett-Packard Enterprise's (NYSE: HPE)$14 billion all-cash acquisition of Juniper. As part of the settlement, HPE will sell its Instant On wireless networking division and provide limited access to Juniper's Mist AI source code, which is vital to its WLAN offerings.
Juniper (JNPR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Tech stocks Hewlett Packard Enterprise Co (NYSE:HPE) and Juniper Networks Inc (NYSE:JNPR) are both rallying this morning, after the U.S. Department of Justice (DoJ) settled its lawsuit challenging the former's $14 billion all-cash acquisition of the latter.
| - Industry | - Sector | Rami Rahim CEO | NYSE Exchange | 48203R104 CUSIP |
| US Country | 11,271 Employees | 3 Mar 2025 Last Dividend | 16 Jun 2000 Last Split | 25 Jun 1999 IPO Date |
Juniper Networks, Inc. is a global leader in networking products and services, with a focus on designing, developing, and selling high-performance network solutions. Since its inception in 1996, the company has expanded its offerings to cater to the cloud, service provider, and enterprise markets. With its headquarters in Sunnyvale, California, Juniper Networks maintains a strong presence worldwide, leveraging a combination of direct sales, distributors, value-added resellers, and original equipment manufacturers to reach its diverse customer base. Through its commitment to innovation and quality, Juniper Networks aims to empower businesses by creating networks that are more responsive, efficient, and secure.