HPE CEO on $14 billion Juniper deal: It should close in early 2025

Yahoo Finance12-07

Hewlett Packard Enterprise (HPE) CEO Antonio Neri is holding out hope his prized acquisition of Juniperg Networks (JNPR) will close in early 2025. "I have no pause about the deal [getting done]," ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489262379?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/JT8J8vOJhwYzo5s3cjy0zQ--~B/aD0zMzY0O3c9NTAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-02/c768bbc0-d7e0-11ee-9fdf-ee4c2a6b82e0","is_english":true,"pubTime":"2024-12-07 05:58","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2489262379","market":"us","top_or_hot":-1,"title":"HPE CEO on $14 billion Juniper deal: It should close in early 2025","media":"Yahoo Finance","content":"<div>\n<p>Hewlett Packard Enterprise (HPE) CEO Antonio Neri is holding out hope his prized acquisition of Juniperg Networks (JNPR) will close in early 2025. \n\"I have no pause about the deal [getting done],\" ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hpe-ceo-on-14-billion-juniper-deal-it-should-close-in-early-2025-215810121.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HPE CEO on $14 billion Juniper deal: It should close in early 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHPE CEO on $14 billion Juniper deal: It should close in early 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-07 05:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hpe-ceo-on-14-billion-juniper-deal-it-should-close-in-early-2025-215810121.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hewlett Packard Enterprise (HPE) CEO Antonio Neri is holding out hope his prized acquisition of Juniperg Networks (JNPR) will close in early 2025. \n\"I have no pause about the deal [getting done],\" ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hpe-ceo-on-14-billion-juniper-deal-it-should-close-in-early-2025-215810121.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://finance.yahoo.com/news/hpe-ceo-on-14-billion-juniper-deal-it-should-close-in-early-2025-215810121.html","article_id":"2489262379","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JT8J8vOJhwYzo5s3cjy0zQ--~B/aD0zMzY0O3c9NTAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-02/c768bbc0-d7e0-11ee-9fdf-ee4c2a6b82e0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489262379","pubTimestamp":1733522290,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hewlett Packard Enterprise  CEO Antonio Neri is holding out hope his prized acquisition of Juniperg Networks  will close in early 2025.\"I have no pause about the deal [getting done],\" Neri told me on Yahoo Finance . \"It's a good deal for customers.\" Neri added it would help strengthen national security.The tech giant announced the $14 billion purchase of Juniper Networks in January. If completed, the acquisition would double HPE's existing networking business. It would mark one of the biggest deals for the company since it spent $3 billion in 2015 to buy Aruba Networks.Fresh concerns about the deal have crept into the picture. The FT reported several weeks ago that HPE officials met with Justice Department antitrust enforcers to argue against a challenge to the deal.The Justice Department under Biden has been scrutinizing big deals that could decrease competition. Recently, the FTC was successful in blocking a handbag merger between Tapestry  and Capri Holdings .Neri still thinks the a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4202":"服装、服饰与奢侈品","BK4170":"电脑硬件、储存设备及电脑周边","JNPR":"瞻博网络","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4516":"特朗普概念","BK4515":"5G概念","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","CPRI":"Capri Holdings Ltd","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4535":"淡马锡持仓","HPE":"慧与科技","BK4020":"通信设备","BK4588":"碎股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","DELL":"戴尔","HPQ":"惠普","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","TPR":"Tapestry Inc."},"translate_title":"HPE首席执行官谈140亿美元的瞻博网络交易：应于2025年初完成","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPR":1,"JNPR":1,"HPE":1,"CPRI":1,"HPQ":0.9,"DELL":0.9},"content_text":"Hewlett Packard Enterprise (HPE) CEO Antonio Neri is holding out hope his prized acquisition of Juniperg Networks (JNPR) will close in early 2025. \n\"I have no pause about the deal [getting done],\" Neri told me on Yahoo Finance (video above). \"It's a good deal for customers.\" Neri added it would help strengthen national security. \nThe tech giant announced the $14 billion purchase of Juniper Networks in January. If completed, the acquisition would double HPE's existing networking business. It would mark one of the biggest deals for the company since it spent $3 billion in 2015 to buy Aruba Networks. \nFresh concerns about the deal have crept into the picture. The FT reported several weeks ago that HPE officials met with Justice Department antitrust enforcers to argue against a challenge to the deal. \nThe Justice Department under Biden has been scrutinizing big deals that could decrease competition. Recently, the FTC was successful in blocking a handbag merger between Tapestry (TPR) and Capri Holdings (CPRI).\nNeri still thinks the acquisition will come to fruition in early 2025 and is likely to receive approval from the Biden administration.\nDespite the unknowns of the Juniper deal, HPE's performance continues to match Wall Street expectations. \nOn Thursday, after market close, the company reported fiscal fourth quarter earnings in line with estimates. Demand was brisk for servers as AI infrastructure build-outs continue. Two of the company's three main segments notched operating margin expansion in the quarter. \nHPE guided relatively in line with consensus forecasts for the current quarter. \n\"While AI orders/revenues can be lumpy, we see the potential for stronger contribution from enterprise AI and sovereigns which bodes positively for revenue momentum and margins ahead. Coupled with improving demand outlook in core enterprise infrastructure spending and potential EPS accretion from Juniper acquisition with management confident in closing the deal by early 2025, we are increasingly more constructive,\" said Citi analyst Asiya Merchant. \nMerchant upgraded her rating on HPE to Buy from Neutral and sees fair value at $26 a share. Of the 18 analysts on the Street that cover HPE, nine rate the stock a Buy and nine rate it a Hold, according to Yahoo Finance data.\nHPE shares rose 9% on Friday's session to $23.75. The stock is up 40% year to date, lagging rival Dell's (DELL) gain of 63%.\nEarnings overview: Beats on top and bottom lines\n\nNet sales: $8.5 billion (+15% year over year) vs. $8.25 billion estimate (Guidance: $8.1 billion to $8.1 billion\n\nServer sales: +32% year over year to $4.7 billion\nIntelligent edge sales: -20% year over year to $1.1 billion\nHybrid cloud sales: +18% year over year to $1.6 billion\n \nGross profit margins: 30.9% compared to 34.8% a year ago\nDiluted earnings per share: $0.58 (+12% year over year) vs. $0.56 estimate\n\nWhat else caught our attention: The odds and ends\n\nFree cash flow fell $851 million from the prior year to $1.5 billion.\nOperating profit margins fell to 24.4% from 27.1% in the Intelligent Edge segment.\nOperating profit margins rose in the Server and Hybrid Cloud segments.\nTotal AI systems backlog stood at over $3.5 billion, up from $3.4 billion in the previous quarter.\nFirst fiscal quarter guidance:\n\nNet sales: up by a mid-teens percentage (in line with consensus estimates)\nDiluted earnings per share: $0.47 to $0.52 (estimate: $0.49)\n \n\nIndustry vibe: The AI hype\nThe AI race is well underway. But is there too much hype and too much money being invested in startups that aren't working on true AI breakthroughs?\nVeteran tech executive and C3.ai (AI) CEO Tom Siebel thinks the hype has gotten out of control, as many AI companies believe they are selling \"God in a box.\"  \n\nThree times each week, I drive insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service.\nBrian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489262379"}