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Time of India
03-07-2025
- Business
- Time of India
HPE closes $14 bn acquisition of Juniper Networks to pursue AI, data center opportunities
NEW DELHI: Hewlett Packard Enterprise (HPE) on Wednesday closed the $14-billion all-cash acquisition of Juniper Networks , following receiving a key regulatory approval in the US, to pursue artificial intelligence (AI)-driven networking business opportunities, and compete strongly with its domestic counterpart Cisco. 'The combination positions HPE to capture the growing AI and hybrid cloud market opportunity by creating an industry-leading cloud-native and AI-driven IT portfolio, including a full, modern networking stack,' HPE said in a statement. The Texas-headquartered server maker said that the 'transaction doubles the size of HPE's networking business', adding that it also accelerates the company's portfolio mix shift to higher-margin, higher-growth areas and positions the company for 'long-term profitable revenue growth'. 'Today begins a new era for HPE – we are now at the epicenter of the transformation of IT, where AI and networking are converging,' said Antonio Neri , president and CEO of HPE. In addition to positioning HPE to offer a modern network architecture and products across hybrid Cloud, AI and networking, the acquisition accelerates the company's 'profitable growth strategy' and expands its total addressable market into adjacent areas, including data center, firewalls, and routers, Neri added. 'HPE and Juniper have a unique opportunity to disrupt the networking industry at the most important and relevant time,' said Rami Rahim , former CEO of Juniper Networks, who will now lead the combined HPE Networking business as its president and general manager (GM). 'I am a technologist at heart and when I look at the opportunity here to combine technologies and teams to compete, not just with Cisco, but with this very vibrant, very competitive landscape, it's incredibly exhilarating to me,' Rahim said during a press conference, SDxCentral reported. The acquisition of Juniper's high-margin business is expected to be accretive in the near- and long-term for the combined company. The transaction will be accretive to non-GAAP EPS in the first post-close, with the combined networking business contributing more than 50% of total company operating income, according to the statement. The US Justice Department recently settled its lawsuit challenging HPE's acquisition of Juniper . The settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper's Mist AI software used in Juniper's wireless local network (WLAN) products. HPE had announced the acquisition more than a year ago, saying it would enhance its AI offerings. The acquisition was approved by Juniper shareholders on April 2, 2024. With the completion of the transaction, shares of Juniper's common stock, which traded on the NYSE under the symbol 'JNPR,' have ceased trading and will no longer be listed on the stock exchange. Datadog Inc separately said it will replace Juniper Networks in the S&P 500 effective prior to the opening of trading on Wednesday, July 9. For the quarter ended April 30, HPE posted revenue of $7.63 billion. It has forecasted a third-quarter revenue between $8.2 billion and $8.5 billion
Yahoo
02-07-2025
- Business
- Yahoo
Why Hewlett Packard Enterprise Stock Jumped Today
HPE settled DOJ antitrust litigation over its $14 billion Juniper Networks acquisition, avoiding trial. The settlement requires HPE to divest its Instant On wireless business and license Juniper's Mist AI code. 10 stocks we like better than Hewlett Packard Enterprise › Shares of Hewlett-Packard Enterprise (NYSE: HPE) were up on Monday, finishing the day up 11.4%. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were both up 0.5%. The U.S. Department of Justice has settled a lawsuit against HPE for its $14 billion acquisition of Juniper Networks, avoiding the previously set July 9 trial. The settlement requires the company to divest its Instant On wireless networking business and to license the source code for one of Juniper's products, Mist AI. The DOJ initially sued in January, arguing the deal would stifle competition, leaving Cisco and HPE controlling over 70% of the U.S. networking equipment market. Juniper and HPE denied these claims, claiming the DOJ misrepresented market dynamics. The settlement now awaits a judge's approval to proceed. HPE's acquisition of Juniper was designed to enhance its artificial intelligence (AI) networking offerings and boost sales. Assuming the settlement is given the green light by the judge, I think HPE is in a solid position and could be a great addition to a balanced portfolio. While HPE's margins aren't great, management is actively working to correct this. The company is a mainstay in networking, and Juniper will help give it the edge it needs to succeed in AI. The stock is reasonably priced, with a price-to-earnings ratio (P/E) significantly less than its rival Cisco. Before you buy stock in Hewlett Packard Enterprise, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Hewlett Packard Enterprise wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Hewlett Packard Enterprise Stock Jumped Today was originally published by The Motley Fool
Time of India
29-06-2025
- Business
- Time of India
US Justice Department settles antitrust case for HPE's $14 billion takeover of Juniper
By Rishabh Jaiswal The U.S. Justice Department has settled its lawsuit challenging server maker Hewlett Packard Enterprise 's all-cash acquisition of Juniper Networks for $14 billion, according to court filings. The settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper's Mist AI software used in Juniper's WLAN (Wireless Local Area Network) products. The joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July 9. In a joint statement, HPE and Juniper said the agreement resolves the Justice Department's concerns and clears the way for the transaction to close. HPE CEO Antonio Neri said the deal would offer customers a "modern network architecture alternative" tailored for AI workloads. The Justice Department did not immediately respond to a Reuters request for comment outside business hours. The department sued to block the deal in January, arguing that it would stifle competition and lead to only two companies - Cisco Systems and HPE - controlling more than 70% of the U.S. market for networking equipment. In February, Juniper denied the government's allegations, saying in a filing that the complaint did not correctly represent the market dynamics for wireless network solutions and the companies' rationale for the deal. HPE said more than a year ago that it would acquire Juniper, as it looks to spruce up its artificial intelligence offerings.
Hindustan Times
28-06-2025
- Business
- Hindustan Times
Department of Justice settles with HPE and Juniper Networks: What you need to know
The Department of Justice has reached a settlement in its lawsuit that challenged server maker Hewlett-Packard Enterprise's takeover of Juniper Networks for $14 billion, as per court filings. This comes when a trial was set to start in the matter in less than two weeks, Bloomberg reported. In an official release, the US Justice Department stated that it advised the court that a settlement was made with the two companies, adding that it allows their merger to continue. The Department of Justice has settled its lawsuit against Hewlett-Packard Enterprise's $14 billion acquisition of Juniper Networks. Photographer: Ian Maule/Bloomberg(Bloomberg) Gail Slater, Assistant Attorney General for the Antitrust Division, has thanked all from the department for their work on the case. Department of Justice Chief of Staff Chad Mizelle dubbed it "another key legal victory" for the division. "Our attorneys will continue fighting and winning to defend the American people and consumers,' Mizelle added. Also Read: Iran reopens central and western airspace after ceasefire with Israel: What does this mean for international flights? HPE, Juniper Networks reach settlement with Justice Department As part of the settlement, the combined company is required to divest HPE's Instant On wireless networking business as well as license the source code for Mist AI software of Juniper Networks. This is used in the company's Wireless Local Area Network (WLAN) products. The joint settlement was filed late Friday night and is now seeking the approval of a judge. This could avoid the matter going to court for the scheduled trial on July 9. A joint statement from the two companies stated that Hewlett Packard Enterprise had on January 9, 2024, announced the agreement to acquire Juniper in "an all-cash transaction". This was made for $40 per share, which represented the equity value of nearly $14 billion. They said that the agreement has now cleared the way for the transaction to close as it has resolved the concerns of the US Justice Department. Antonio Neri, president and CEO of HPE, said the agreement creates "greater competition in the global networking market,' besides offering customers a "modern network architecture alternative" to support the demands of AI workloads. The department filed a complaint against the deal in the federal court in late January 2025. It claimed that the deal would stifle competition, thus paving the way for only two companies, Cisco Systems and HPE, to control over 70 per cent of the US market for networking equipment, according to Reuters. A few weeks later, Juniper denied these allegations, stating that it failed to correctly represent the market dynamics for wireless network solutions. FAQs 1. When and where was the trial set to take place in the matter? It was scheduled to start on July 9 in San Jose, California. 2. What does the Justice Department's settlement mean for HPE and Juniper? This allows their merger to continue. 3. What's the merger deal? In January last year, HPE said that an agreement was reached to acquire Juniper in an all-cash transaction for nearly $14 billion.
CNA
28-06-2025
- Business
- CNA
US Justice Department settles antitrust case for HPE's $14 billion takeover of Juniper
The U.S. Justice Department has settled its lawsuit challenging server maker Hewlett Packard Enterprise's all-cash acquisition of Juniper Networks for $14 billion, according to court filings. The settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper's Mist AI software used in Juniper's WLAN (Wireless Local Area Network) products. The joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July 9. In a joint statement, HPE and Juniper said the agreement resolves the Justice Department's concerns and clears the way for the transaction to close. HPE CEO Antonio Neri said the deal would offer customers a "modern network architecture alternative" tailored for AI workloads. The Justice Department did not immediately respond to a Reuters request for comment outside business hours. The department sued to block the deal in January, arguing that it would stifle competition and lead to only two companies - Cisco Systems and HPE - controlling more than 70 per cent of the U.S. market for networking equipment. In February, Juniper denied the government's allegations, saying in a filing that the complaint did not correctly represent the market dynamics for wireless network solutions and the companies' rationale for the deal.
