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Hewlett Packard Just Gave Juniper Networks (JNPR) Stock a $13 Billion Boost
HPEHPE(HPE) InvestorPlace·2024-01-09 14:49

Juniper Networks (NASDAQ:JNPR) stock jumped 22% overnight after a report that Hewlett Packard Enterprise (NYSE:HPE) may be about to buy it for 13billion.Juniper,whichcompeteswithCiscoSystems(NASDAQ:CSCO)incomputernetworking,hasgonealmostnowhereoverthelastfiveyears.Sharesthatcost13 billion. Juniper, which competes with Cisco Systems (NASDAQ:CSCO) in computer networking, has gone almost nowhere over the last five years. Shares that cost 28 in early 2019 were priced at 30beforeTheWallStreetJournalreportcameout.Juniperopenedthismorningat30 before The Wall Street Journal report came out.Juniper opened this morning at 36.40 per share, a market capitalization of about $11.2 billion.Which HP Now?Hewlett Packard ...