Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
Is this meaningful or just another movement?
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Juniper Networks (JNPR +0.00%) soared today by as much as 11% on reports that the company had hired JPMorgan Chase (JPM +0.01%) to help evaluate possible buyout bids.
So what: Benzinga questionably reported that a bid in the high $20's was on the table, and storage specialist EMC (EMC +0.00%) was a potential suitor. It was highly dubious from the get-go, considering the implied size of the deal. Juniper currently trades with nearly a $9 billion market cap before any premium.
Now what: With EMC CEO Joe Tucci's upcoming retirement, it wouldn't make much sense for him to pursue such a large and risky acquisition (it would have been EMC's biggest ever), because he's on his expected way out the door within a matter of years. Additionally, Juniper doesn't have much exposure to data centers, further questioning the synergies it could have with EMC. Neither company officially commented, but a source told Reuters that the report was bogus.
Interested in more info on Juniper Networks? Add it to your watchlist by clicking here.
Alert: Top Cash Back Card Now Offers 0% Intro APR Until Nearly 2027
Enjoy 0% intro APR on purchases and balance transfers for 15 months—plus up to 5% cash back in popular categories.
Motley Fool Returns
Market-beating stocks from our flagship service.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 2025-08-29 04:31:05.582152.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
