The networking space also offers rich pickings, according to the analyst, who highlights switch maker
, and Wide Area Network (WAN) optimizer
as particularly attractive. With firms pushing more and more data across global networks, there is a lot of interest in WAN optimization, but Gruia feels that Riverbed's $1.62 billion market cap could be a deterrent to potential suitors.
F5 Networks would be even more expensive, with a valuation of $3.2 billion, although Gruia also likes
(STAR - Get Report)
"Starent are strong competitors in the mobile content space," he said, speculating that they could be a good fit for
(JNPR - Get Report)
Two names, however, are popping up repeatedly in tech M&A discussions.
"Brocade would make sense for H-P because it would give them storage networking and high-end IP networking," said Gruia.
451Group analyst Brenon Daly echoed this sentiment. "What do H-P and Brocade both have in common? They both square off against Cisco," he explained. "Brocade is a key component of networking infrastructure."
Both H-P and Brocade declined to comment on the rumors linking the two firms when recently contacted by
, although storage certainly seems to be a busy space.
NetApp, for example, has also been generating plenty of
in the tussle to acquire
One company said to be eyeing a
is Dell. Praveen Asthana, the firm's vice president of enterprise storage, would not rule out M&A in an interview with
earlier this week.