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Juniper Networks to buy 128 Technology for $450 mln

Christian Fernsby ▼ | October 20, 2020
Juniper Networks said that it agreed to buy 128 Technology for $450 million payable in cash and the assumption of outstanding equity awards.
Juniper Networks
128 Technology   Juniper Networks
The company expects to close the deal in its fourth quarter.

Topics: Juniper Networks

In fiscal year 2021, the transaction is expected to be slightly accretive to revenue and gross margins, but dilutive to Non-GAAP earnings per share. In fiscal year 2022, the transaction is expected to be accretive to Non-GAAP earnings per share.


 

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