Juniper Networks dramatically spikes, then falls, after Nokia denies report of a takeover
Nov 30, 2017, 22:39 IST
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- Shares of Juniper Networks rose and fell in a dramatic fashion on Wednesday and Thursday.
- Juniper Networks makes communications networking gear and saw its stock jump 18% after a report that Nokia was interested in a takeover of the company.
- Nokia released a statement saying it "is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of that company."
- Juniper Networks gave back nearly all its gains from the takeover rumors and is trading down 4.27% to $28.34 on Thursday.
- Read more about the false takeover report here.