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After EU approval, UK clears HPE's $14B Juniper Networks acquisition
TechCrunch· 2024-08-07 13:39
Group 1 - Hewlett Packard Enterprise's planned $14 billion acquisition of Juniper Networks is closer to completion as the U.K.'s Competition and Markets Authority has confirmed that the deal won't face further scrutiny [1] - The CMA has updated the deal's case page to indicate that it has cleared the anticipated acquisition by Hewlett Packard Enterprise Company of Juniper Networks [1] - The CMA launched an initial probe into the merger two months prior and set a July 3 deadline for comments, with a decision due by August 14 [1] Group 2 - The U.K. has recently blocked significant acquisitions, such as Microsoft's $68.7 billion Activision purchase, but the EU approved the HPE-Juniper deal, indicating a strong sector [2] - The merger has circumvented its main regulatory roadblocks and is on track to meet HPE's anticipated closing date of early 2025 at the latest, barring any last-minute intervention from the U.S. Federal Trade Commission [2]
EU greenlights HPE's $14B Juniper Networks acquisition
TechCrunch· 2024-08-01 10:19
The European Commission (EC) has given the go-ahead to HPE’s planned megabucks acquisition of Juniper Networks, concluding that the proposed transaction “would raise no competition concerns in the European Economic Area.”HPE first announced its intentions to dole out $14 billion for Juniper Networks back in January, with plans to combine their respective strengths in networking and IT infrastructure, including servers, storage, routing, switching, security, and related consulting services. Given the role th ...
HPE vs. IBM: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-07-31 16:46
Investors looking for stocks in the Computer - Integrated Systems sector might want to consider either Hewlett Packard Enterprise (HPE) or IBM (IBM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision tren ...
Hewlett Packard (HPE) Falls 10% in a Month: Should You Buy the Dip?
ZACKS· 2024-07-31 13:35
Hewlett Packard Enterprise Company (HPE) recently witnessed a notable drop in its stock price, falling 10.2% over the past month. This decline is more pronounced compared to the broader Zacks Computer – Integrated Systems industry, which declined by 6.1%.The slide in Hewlett Packard Enterprise's stock can be attributed largely to macroeconomic factors, including inflation concerns, high interest rates and a generally uncertain economic outlook. These pressures have affected the entire tech sector, and HPE h ...
Should Value Investors Buy Hewlett Packard (HPE) Stock?
ZACKS· 2024-07-19 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...
HPE or IBM: Which Is the Better Value Stock Right Now?
ZACKS· 2024-07-15 16:47
Investors interested in stocks from the Computer - Integrated Systems sector have probably already heard of Hewlett Packard Enterprise (HPE) and IBM (IBM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts a ...
What Nvidia, HPE, AMD, and Other Semiconductor Stock Investors Should Know About Recent Updates
The Motley Fool· 2024-07-12 15:24
Thursday was a rough day for semiconductor stocks as they experienced a price drop, but there were some updates investors should know about.In today's video, I discuss recent updates impacting Nvidia (NVDA 2.38%) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of July 11, 2024. The video was published on July 11, 2024. ...
HPE & NVIDIA Team Up to Build Japan's Fastest AI Supercomputer
ZACKS· 2024-07-12 14:20
Hewlett Packard Enterprise Company (HPE) has partnered with NVIDIA Corporation (NVDA) to construct Japan’s fastest artificial intelligence (AI) supercomputer for the National Institute of Advanced Industrial Science and Technology (“AIST”). This new supercomputer, named ABCI (AI Bridging Cloud Infrastructure) 3.0, aims to significantly enhance AI capabilities and support extensive research, development and innovation across various sectors.The collaboration leverages Hewlett Packard Enterprise's expertise i ...
Converge Technology Solutions Named North America Storage Partner of the Year by Hewlett Packard Enterprise
Prnewswire· 2024-06-27 13:00
TORONTO and GATINEAU, QC, June 27, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it had been awarded North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during this year's HPE Discover conference. Hewlett Packard Enterprise (HPE) announced the winners of its HPE Partner of the Year Awards 2024 in recognition of HPE partners who exemplify commitment and success in delivering value to their customers on their d ...
UK probes HPE's planned $14B Juniper Networks acquisition
TechCrunch· 2024-06-19 10:53
The U.K.’s Competition and Markets Authority (CMA) has initiated a formal “phase 1” investigation into Hewlett Packard Enterprise’s (HPE) planned acquisition of Juniper Networks. HPE announced plans to acquire Juniper Networks back in January, a deal designed to unify their respective strengths in the networking and IT infrastructure realm, spanning servers, storage, consulting, routing, switching, and security. As with just about every mega deal today, a major motivation behind the merger was — in corporat ...