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Why Hewlett Packard Enterprise Stock Jumped Today

TheMotleyFool

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Why Hewlett Packard Enterprise Stock Jumped Today: https://g.foolcdn.com/editorial/images/823442/ai-hpe.jpg

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