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Why Hewlett Packard Enterprise Is Spending $14 Billion To Buy Juniper Networks
HPEHPE(HPE) Investopedia·2024-01-10 14:55

KEY TAKEAWAYSHewlett Packard Enterprise said it will buy Juniper Networks in a 14billiondeal.ThemoveisexpectedtoboostHewlettPackardEnterprise′sartificialintelligenceportfolio.Theagreementisexpectedtoraisenon−GAAPearningspershareandfreecashflowwithinthefirstyear,withprojectedannualcostsavingsofupto14 billion deal.The move is expected to boost Hewlett Packard Enterprise's artificial intelligence portfolio.The agreement is expected to raise non-GAAP earnings per share and free cash flow within the first year, with projected annual cost savings of up to 450 million within three years.Hewlett Packard Enterprise (HPE) said it will buy Juniper Networks (JNPR) in a $14 billion deal to boost the company's artificial intelligence ...