Hewlett Packard Just Gave Juniper Networks (JNPR) Stock a $13 Billion Boost
HPE(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 $13 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 $30 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 ...