HPE Strengthens Networking Business Through Juniper Acquisition

Hewlett Packard Enterprise Company (NYSE:HPE) ranks among the best performing S&P 500 stocks in the last 3 months. On September 3, Hewlett Packard Enterprise Company (NYSE:HPE) reported third-quarter revenue that surpassed Wall Street forecasts due to robust demand in its networking and server divisions. The rise in GenAI has increased demand for HPE’s AI-optimized servers, which are capable of running complicated applications and are backed by Nvidia processors.

By acquiring Juniper, Hewlett Packard Enterprise Company (NYSE:HPE) also strengthened its networking division, which typically experiences faster growth than traditional hardware.

Moreover, the company reached a truce with activist investor Elliott Investment Management, one of HPE’s largest shareholders with a holding over $1.5 billion, and recruited seasoned tech sector executive Robert Calderoni to its board in July.

Hewlett Packard Enterprise Company (NYSE:HPE) provides data services globally through its several divisions, including Corporate Investments, Compute, HPC & AI, Storage, Intelligent Edge, and Financial Services. Additionally, the company offers software-defined infrastructure (SDI) solutions to help businesses with software development and deployment, automation, network management, and storage.

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Disclosure: None. This article is originally published at Insider Monkey.