Nokia denies which it's preparing offer to purchas Juniper Networks

collected by :Molly Tony

referring to Nokia denied on Thursday which it is in talks to purchas Juniper Networks, next a CNBC report which it was preparing a bargain for the company. "Nokia isn't currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of which company," the Finnish firm said. Prior to the Nokia phone statement, a Juniper spokesperson declined to comment, citing a policy versus addressing "market guess or rumors." Nokia bought telecom firm Alcatel-Lucent for about $16.6 bn final year as fraction of its latest transformation. Juniper Networks has deep roots in Silicon Valley.

Juniper Networks dramatically spikes, then falls, after Nokia phone denies report of a takeover (JNPR)

is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of which company."

Juniper shares down after Nokia phone denies takeover chatter

as declared in A Nokia phone logo is seen at the company's headquarters in Espoo, Finland, May 5, 2017. Within hours of the CNBC report, however, Nokia, that doesn't typically comment on market rumors, told it wasn't preparing an offer for Juniper. Bernstein's Ferragu thinks Ericsson, not Nokia, is a best fit for Juniper. "‎The natural buyer for Juniper remembers Ericsson and for now, Ericsson isn't in a position to consider the opportunity," he said. Nokia shares were drop 0.4 percent, while Ericsson's shares were up 0.4 percent.