Juniper Networks, a long-time tech industry stalwart, has been ousted from the S&P 500 index following its acquisition by Hewlett-Packard Enterprise, sparking a mixed reaction in the market.

Juniper Networks has been recognized by Gartner for its leadership in the communications equipment industry and has successfully settled a lawsuit with the US Department of Justice, leading to a positive market reaction.

Juniper Networks’ price target has been boosted to $40, reflecting market optimism about the company’s future prospects and growth potential.