Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Hewlett Packard shares fall on $1.35B convertible stock offering for Juniper buyout
    HPE-9.10
    HPE-9.10
    IT Infrastructure

    Hewlett Packard shares fall on $1.35B convertible stock offering for Juniper buyout

    By Heidi LuoSeptember 10, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • HPE shares fall 6.4% after the company announced a $1.35 billion convertible preferred stock offering to fund the Juniper acquisition.
    • HPE’s $14 billion acquisition of Juniper Networks is aimed at bolstering its AI offerings in response to growing enterprise demand.

    OUR TAKE
    Hewlett Packard Enterprise (HPE) has announced a $1.35 billion mandatory convertible preferred stock offering to fund its $14 billion acquisition of Juniper Networks. This move has caused a 6.4% drop in HPE’s share price, which shows that the company is focusing on strengthening its AI infrastructure. The acquisition is aimed at expanding HPE’s presence in AI servers, which is a reflection of the growing demand for AI-related technology.
    –Heidi Luo, BTW reporter

    What happened

    Hewlett Packard Enterprise (HPE) announced a $1.35 billion mandatory convertible preferred stock offering, sending its shares down 6.4% in extended trading, according to report from Reuters.

    The offering will help fund the company’s $14 billion acquisition of Juniper Networks, a major player in networking equipment.

    The acquisition is part of HPE’s strategy to improve its AI infrastructure and expand its AI server offerings. The funds raised from the preferred stock offering will cover costs associated with the acquisition, including fees and expenses.

    Investors in the preferred stock will have the option to convert their shares into common stock by 2027, unless converted earlier. Investment banks Citigroup, J.P. Morgan and Mizuho will manage the offering.

    Also read: PE’s $14B bet on Juniper faces regulatory hurdle

    Also read: HPE brings LLMs to Aruba as AI takes over the network

    Why it’s important

    Hewlett Packard Enterprise (HPE) is a global technology company that provides IT solutions for businesses. HPE was formed in 2015 as a spin-off from Hewlett-Packard. It focuses on enabling digital transformation through advanced technologies like AI, high-performance computing, and edge computing.

    Its key offering, HPE GreenLake, provides cloud services and infrastructure in a flexible, as-a-service model, helping businesses streamline IT operations. HPE is headquartered in Houston, Texas, and serves industries worldwide by driving innovation in data management and IT infrastructure.

    This acquisition is important for HPE as the company wants to make money from AI. HPE can strengthen its position in the AI server market by acquiring Juniper Networks.

    The timing of this acquisition aligns with HPE’s recent profit forecast upgrade. While the stock price drop suggests investor concerns, HPE’s strategic move reflects its long-term confidence in the AI market.

    AI-driven Hewlett Packard Enterprise Juniper Networks
    Heidi Luo

    Heidi Luo is an intern reporter at Blue Tech Wave specialising in IT and tech trends. She graduated from Cardiff University. Send tips to h.luo@btw.media

    Related Posts

    What happens after you submit an IP request to AFRINIC

    July 14, 2025

    Cloud Innovation calls for AFRINIC wind-up after ‘impossible’ election standards

    July 14, 2025

    Huawei targets bigger role in Brazil data centre market

    July 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.