Hewlett-Packard Headquarters

HPE soars after DOJ clears Juniper Networks acquisition

The approval ends a months-long legal challenge to the highly anticipated $14 billion takeover deal.

6/30/25 9:25AM

Shares of HP Enterprise jumped 13% Monday morning after the Department of Justice officially cleared its $14 billion acquisition of Juniper Networks. The announcement ends a contentious antitrust lawsuit that had loomed over the deal since January.

The merger would consolidate the three industry major players (HPE, Juniper, and Cisco) down to two, giving the combined company control of about 70% of the enterprise wireless equipment market. HPE says the deal will help it deliver customers more secure, AI-native networking solutions as it ramps up efforts in AI data centers and cloud infrastructure.

“Our agreement with the DOJ paves the way to close HPE’s acquisition of Juniper Networks and preserves the intended benefits of this deal for our customers and shareholders, while creating greater competition in the global networking market,” CEO Antonio Neri said in a statement.

Bank of America analysts raised their price target on the stock to $23 from $20 and reiterated a “buy” rating following the DOJ approval. In addition to overall deal optimism, they noted that the required divestments were modest and projected the deal could lift HPE’s earnings by 8% in 2026, or up to 14% if the company delivers $200 million in expected cost synergies.

HPE shares are down 3% year to date.

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Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

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Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

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HPE soars after DOJ clears Juniper Networks acquisition

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