Juniper Networks misses by $0.02, misses on revs (37.18 -0.05)
- Reports Q4 (Dec) earnings of $0.61 per share, excluding non-recurring items, $0.02 worse than the FactSet Consensus of $0.63; revenues fell 5.8% year/year to $1.36 bln vs the $1.41 bln FactSet Consensus.
- As announced on January 9, 2024, Hewlett Packard Enterprise (HPE) plans to acquire Juniper Networks in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion. The transaction is currently expected to close in late calendar year 2024 or early calendar year 2025, subject to receipt of regulatory approvals, approval of the transaction by Juniper Networks shareholders, and satisfaction of other customary closing conditions.