Hewlett Packard Enterprise Co ( HPE ) has reached a settlement with the Department of Justice around the acquisition of Juniper Networks Inc ( JNPR ) and is likely to focus on getting "the deal done as quickly as possible," according to BofA Securities.

The Hewlett Packard Enterprise ( HPE ) Analyst: Analyst Wamsi Mohan maintained a Buy rating, while raising the price target from $20 to $23.

The Hewlett Packard Enterprise Thesis: The announcement is positive as it gives the company an opportunity for accelerated growth and margin expansion through cross-selling and platform unification with Juniper Networks ( JNPR ), Mohan said in the note.

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The combined entity, following the acquisition, would be positioned to offer "an end-to-end networking and AI infrastructure stack that can better compete in AI enabled datacenter and cloud-edge environments," the analyst wrote.

The acquisition would be a catalyst for multiple expansion as well as long-term earnings growth, he added.

As per the DOJ settlement, Hewlett Packard Enterprise ( HPE ) has agreed to divest InstantOn and auction licenses for two of Juniper Networks' ( JNPR ) Mist AIOps source code packages, Mohan said. These concessions "are narrow in scope and preserve the core strategic rationale" of the acquisition, he further stated.

HPE Price Action: Shares of Hewlett Packard Enterprise ( HPE ) had risen by 13.04% to $20.81 at the time of publication on Monday.

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