Hewlett Packard Venture (HPE) is in leisurely-stage talks to buy Juniper Networks (JNPR), with a deal that you just might perchance presumably well maintain of as shortly as this week, The Wall Motorway Journal reported Monday night. HPE stock jumped whereas Juniper soared.
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Cloud-services and products provider HP Venture might perchance presumably well pay $13 billion for the networking firm, which also operates a synthetic intelligence enterprise, Mist AI.
HPE stock tumbled 7.7% to 16.36 in after-hours action. Shares had risen 3.2% to 17.72 in Monday’s frequent session, clearing a 17.29 take care of buy point from a clumsy consolidation going inspire to early August.
JNPR stock spiked 22% overnight to 36.96. That might perchance presumably well be the final word since a lengthy-interval of time prime in March 2022 of 38.14. Juniper stock rose 1% on Monday to 30.22, the final word terminate since July.
Please practice Ed Carson on X/Twitter at @IBD_ECarson, Threads at @edcarson1971 and Bluesky at @edcarson.bsky.social for stock market updates and extra.
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