Why Hewlett Packard Enterprise Stock Jumped Today
Shares of Hewlett-Packard Enterprise (NYSE: HPE) were up on Monday, finishing the day up 11.4%. The jump comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were both up 0.5%.
The U.S. Department of Justice has settled a lawsuit against HPE for its $14 billion acquisition of Juniper Networks, avoiding the previously set July 9 trial. The settlement requires the company to divest its Instant On wireless networking business and to license the source code for one of Juniper's products, Mist AI.
Source Fool.com
