M&A
confidence high
sentiment neutral
materiality 0.70
HPE files Juniper financials for $40/share acquisition; deal expected late 2024/early 2025
Hewlett Packard Enterprise Co
- HPE filed Juniper's audited FY23 and FY22 financials, interim 2024 statements, and pro forma combined statements.
- Merger consideration: $40.00 per share in cash, subject to regulatory approvals and stockholder vote.
- Juniper FY23 revenue $5.56B (+5% YoY); net income $310.2M (-34%) due to higher expenses; operating cash flow $872.8M.
- Total deferred revenue grew 22% to $2.02B; backlog expected to normalize in 2024 as supply constraints ease.
- Transaction expected to close in late calendar 2024 or early calendar 2025.