Juniper shares climb 23% as Hewlett Packard Enterprise nears $13 bn deal

Juniper Networks’ shares climbed 23% in premarket trading on Tuesday after reports Hewlett Packard Enterprise was nearing a $13 billion deal for the networking gear maker to capitalize on the boom in artificial intelligence.

A deal could be announced as early as this week, a person familiar with the matter told Reuters on Monday.

HPE, grappling with sluggish demand in its traditional server business, is looking to tap into Juniper’s offerings such as network security and AI-enabled enterprise networking operations (AIOps).