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 10:25AM

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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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.