US48203R1041 - Common Stock
HPE CEO Antonio Neri still thinks his prized $14 billion deal for Juniper Networks will close in early 2025.
HPE reported better-than-expected fiscal Q4 earnings amid strong revenue growth from data center servers processing AI workloads.
Hewlett Packard Enterprise Co. and Juniper Networks Inc. representatives met with Justice Department antitrust enforcers last week in a final effort to persuade the agency not to challenge their proposed $14 billion deal, according to people familiar with the matter.
Arista Q3 earnings and revenue topped estimates amid views artificial intelligence-related growth will kick-in in 2025.
Shares in Hewlett Packard Enterprise gained after Juniper Networks posted better-than-expected Q3 results.
When HPE hosts an artificial intelligence event Thursday, one analyst expects its "liquid cooling" technology for AI servers to be showcased.
HPE won an upgrade to buy from Bank of America on views that profit margins will improve amid the acquisition of Juniper.
Hewlett Packard Enterprise Co. is sounding out investors on Wednesday for a potential $9.5 billion debt package to help fund its acquisition of Juniper Networks.
HPE reported fiscal Q3 earnings that topped estimates while guidance fell short amid an update on the sale of a Chinese joint venture.
Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.
The commission said its investigation had shown the deal would not significantly reduce competition in the markets for wireless local area network equipment and access points, ethernet campus switches and datacentre switches. People familiar with the matter on Monday already said HPE was set to secure approval for the deal announced in January.
Arista reported Q2 earnings and revenue that topped estimates but the size of the beat may have underwhelmed some investors.