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HPE negotiates the purchase of Juniper Networks for $13 billion

The American technology multinational could announce the agreement this week, according to The Wall Street Journal.

Hewlett Packard Enterprise is in advanced negotiations to acquire the network infrastructure company Juniper Newtorks for $13 billion, according to The Wall Street Journal . The acquisition could be made public this week, according to the American newspaper, which cites sources familiar with the conversations. Juniper shares rise 23% on Wall Street in pre-market trading.

Juniper Networks is a competitor of Cisco in the network equipment and services market. Additionally, the company operates an artificial intelligence service, Mist AI, that uses those tools to optimize and simplify network access operations. In 2022, the company recorded revenue of $5,301 million, with year-on-year growth of 12%. Net profit rose 86% to $471 million.

After the split in 2014 of the historic Hewlett-Packard into two companies , HPE addressed divestments in services (currently DXC) and software (Micro Focus, which was later acquired by OpenText), focusing on its role as a technology infrastructure provider. Under the direction of Antonio Neri, the company has evolved in recent years to focus on the commercialization of technology in a service mode.

In the last fiscal year, closed in October, the multinational business technology company increased its revenue by 2% to $29.1 billion, with a net profit of $2.025 million, compared to $868 million in the previous year. The company’s stock has risen 9% in the last year, and its capitalization is around $23 billion.

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