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Hewlett Packard Enterprise (HPE) is in late-stage talks to buy Juniper Networks (JNPR), with a deal possible as soon as this week, The Wall Street Journal reported Monday night. HPE stock jumped while Juniper soared.
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Cloud-services provider HP Enterprise could pay $13 billion for the networking firm, which also operates an artificial intelligence business, Mist AI.
HPE stock tumbled 8% in after-hours action. Shares had risen 3.2% to 17.72 in Monday’s regular session, clearing a 17.29 handle buy point from an awkward consolidation going back to early August.
JNPR stock spiked 23% overnight to above 37. That would be the highest since a long-term peak in March 2022 of 38.14. Juniper stock rose 1% on Monday to 30.22, the highest close since July.
Please follow Ed Carson on X/Twitter at @IBD_ECarson, Threads at @edcarson1971 and Bluesky at @edcarson.bsky.social for stock market updates and more.
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