Hewlett Packard Enterprise's (HPE) planned $14 billion acquisition of Juniper Networks is one step closer to completion — the U.K.'s Competition and Markets Authority (CMA) has confirmed that the deal won't face any further scrutiny.

The European Commission (EC) has given the go-ahead to HPE's planned megabucks acquisition of Juniper Networks, concluding that the proposed transaction “would raise no competition concerns in the European Economic Area.”

The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise.

Despite strong growth in cloud orders, demand softness in the service provider vertical induced by macro headwinds and inventory correction negatively affected Juniper's (JNPR) second-quarter 2024 results.

Hewlett Packard Enterprise (HPE) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks , people familiar with the matter said.

Juniper (JNPR) reports a top-line contraction year over year, primarily due to demand softness in the Service Provider segment induced by macroeconomic headwinds.

Juniper Networks is set to be acquired for $40 per share, but investors face high risk if the deal falls through. Juniper's near-term prospects are declining, with only cloud operations showing promise. With revenue growth rates falling and stock overvalued at 26x EPS, investors are advised to cash in now rather than wait for acquisition.

While the top- and bottom-line numbers for Juniper (JNPR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Juniper Networks (JNPR) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.58 per share a year ago.

Juniper Networks reported second-quarter revenue and profit below analysts' estimates on Thursday due to weak spending by cloud computing firms on the company's networking equipment.

Cautious customer spending behavior induced by macroeconomic challenges will likely impact Juniper's (JNPR) net sales in the second quarter.

Telxius selects Juniper's (JNPR) Converged Optical Routing Architecture to upgrade its network infrastructure across its footprint spanning Europe and the Americas.