Hewlett Packard Enterprise (HPE) has finalized its $14 billion acquisition of Juniper Networks, Inc., a leader in AI-native networks, significantly enhancing its position in the AI and hybrid cloud markets. The deal, announced on January 9, 2024, and completed on July 2, 2025, doubles HPE’s networking business and delivers a comprehensive, cloud-native, AI-driven IT portfolio. Refer to the finance card above for real-time stock price details for HPE (NYSE: HPE).
HPE completes $14B acquisition of Juniper Networks on July 2, 2025.
Doubles HPE’s networking business, targeting AI and hybrid cloud markets.
Offers a full networking IP stack, from silicon to software.
Expected to be accretive to non-GAAP EPS in year one.
Enhances HPE’s position in data centers, firewalls, and routers.
Juniper’s former CEO, Rami Rahim, to lead combined HPE Networking business.
The acquisition marks a pivotal step in HPE’s strategic evolution, integrating Juniper’s AI-native networking expertise with HPE’s enterprise solutions. “Today begins a new era for HPE – we are now at the epicenter of the transformation of IT, where AI and networking are converging,” said Antonio Neri, president and CEO of HPE. The deal creates a full networking IP stack, encompassing silicon, hardware, operating systems, security, and software, tailored for hybrid cloud and AI workloads.
The transaction doubles the size of HPE’s networking business, expanding its reach into data centers, firewalls, and routers. It combines HPE’s strengths in enterprise security-first networking and SASE with Juniper’s leadership in data center and service provider solutions. “HPE and Juniper have a unique opportunity to disrupt the networking industry at the most important and relevant time,” said Rami Rahim, former CEO of Juniper Networks, now leading HPE’s Networking business.
HPE’s enhanced portfolio addresses the growing complexity of data-intensive, hybrid AI workloads. The integration of Juniper’s Mist AI and Contrail software with HPE’s GreenLake platform offers customers a modern, secure network architecture. This enables faster innovation in networking silicon, systems, and software, providing end-to-end solutions for businesses of all sizes.
The acquisition is expected to be accretive to HPE’s non-GAAP EPS and free cash flow in the first year post-close, with the combined networking business contributing over 50% of HPE’s operating income. By leveraging HPE’s global go-to-market scale, the deal creates revenue growth opportunities and strengthens its position in high-margin, high-growth markets. The settlement with the U.S. Department of Justice, requiring HPE to divest its Instant On business and license Juniper’s Mist AI software, addressed antitrust concerns, enabling the deal’s closure.
The acquisition faced scrutiny from the U.S. Department of Justice, which initially sued to block the deal, citing concerns over reduced competition in the WLAN market. HPE and Juniper successfully negotiated a settlement, divesting HPE’s Instant On business and licensing Mist AI software to competitors, ensuring a pro-competitive outcome. This resolution positions HPE to challenge Cisco in the AI-driven networking space.
HPE’s acquisition of Juniper Networks establishes it as a leader in AI-native networking, with a robust portfolio poised to drive innovation and profitability. By addressing regulatory challenges and leveraging complementary strengths, HPE is well-positioned to meet the demands of AI and hybrid cloud markets, delivering significant value to customers and shareholders.
HPE is a leader in essential enterprise technology, bringing together the power of AI, cloud, and networking to help organizations achieve more. As pioneers of possibility, our innovation and expertise advance the way people live and work. We empower our customers across industries to optimize operational performance, transform data into foresight, and maximize their impact. Unlock your boldest ambitions with HPE.
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