Juniper Networks’ stock spikes 22% on report it could be soon acquired by HPE

Shares of Juniper Networks Inc.
JNPR,
+1.04%
soared 22% in extended trading Monday following a report that Hewlett Packard Enterprise Co.
HPE,
+3.20%
is in advanced talks to acquire Juniper for approximately $13 billion and thrust the venerable technology pioneer into the artificial-intelligence age. A deal could be struck and announced as soon as this week, according to a Wall Street Journal report Monday, citing people familiar with the matter. Shares of HPE were down 7% in after-hours trading Monday.