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Juniper Networks Analyst Reassures Investors About Hewlett Packard Acquisition

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Earlier this year, Juniper Networks, Inc. (NYSE:JNPR) had received a deal to be acquired by Hewlett Packard Enterprise Co (NYSE:HPE).

The definitive agreement inked by the company to be acquired by HPE is likely to go through as planned, according to Argus Research.

The Juniper Networks Analyst: Jim Kelleher upgraded the rating on Juniper Networks from Hold to Buy, with a price target of $40.

The Juniper Networks Thesis: The all-cash transaction represents an equity value of about $14 billion and is expected to close in late 2024 or early 2025, Kelleher said in the upgrade …

Full story available on Benzinga.com

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