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2 Tech Stocks Surging on DoJ Settlement
Schaeffers Investment Research·2025-06-30 22:59

Tech stocks Hewlett Packard Enterprise Co (NYSE:HPE) and Juniper Networks Inc (NYSE:JNPR) are both rallying this morning, after the U.S. Department of Justice (DoJ) settled its lawsuit challenging the former's 14billionallcashacquisitionofthelatter.ThesettlementrequiresthatthemergedcompanydivestsofHPEsInstantOnwirelessnetworkingbusinessandlicensethesourcecodeforJunipersMistartificialintelligence(AI)softwareusedinitsproducts. HPEwaslastseenup13.314 billion all-cash acquisition of the latter. The settlement requires that the merged company divests of HPE's Instant On wireless networking business and license the source code for Juniper's Mist artificial intelligence (AI) software used in its products. HPE was last seen up 13.3% to trade at 20 ...