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    Juniper Networks Inc (JNPR)

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    Juniper Networks designs, develops, and sells products and services for high-performance networks, enabling customers to build scalable, reliable, secure, and cost-effective networks . Their business activities are organized into three main customer solution categories: Campus and Branch, Data Center, and Wide Area Networking, with connected security products sold in each category . In addition to these products, Juniper offers software-as-a-service (SaaS), software subscriptions, and other customer services, including maintenance, support, professional services, and education and training programs . Services revenue, including SaaS, accounts for a significant portion of their revenue, comprising 35% of total revenue in 2023 .

    1. Services - Offers software-as-a-service (SaaS), software subscriptions, and other customer services, including maintenance, support, professional services, and education and training programs.
    2. Campus and Branch - Includes client-to-cloud portfolios, cloud-delivered campus wired and wireless solutions, and SD-WAN portfolios.
    3. Data Center - Features the QFX switching product line, Juniper Apstra, and high-end security portfolios targeting data center security for service providers, cloud, and enterprise.
    4. Wide Area Networking - Includes MX, PTX, and ACX routing product lines and the Paragon Automation suite.
    NamePositionExternal RolesShort BioStart Date

    Rami Rahim

    ExecutiveBoard

    Chief Executive Officer and Director

    Board Member at Autodesk, Inc.

    Rami Rahim joined Juniper in January 1997 and became CEO in November 2014. He has held various executive roles and contributed significantly to product architecture and strategy.

    Jan 1997

    Christopher Kaddaras

    Executive

    Executive Vice President, Chief Revenue Officer

    None

    Christopher Kaddaras joined Juniper in October 2022. He has extensive experience in sales and revenue roles at various technology companies.

    Oct 2022

    Kenneth B. Miller

    Executive

    Executive Vice President and Chief Financial Officer

    None

    Kenneth B. Miller is the CFO of Juniper Networks, confirmed by the latest 8-K filing.

    N/A

    Manoj Leelanivas

    Executive

    Executive Vice President, Chief Operating Officer

    None

    Manoj Leelanivas joined Juniper in March 2018. He has held roles such as Chief Product Officer and has been instrumental in aligning product strategy with market execution.

    Mar 2018

    Robert Mobassaly

    Executive

    Senior Vice President, General Counsel, and Secretary

    None

    Robert Mobassaly has been with Juniper since February 2012, serving in various legal roles. He became General Counsel in July 2021.

    Feb 2012

    Thomas A. Austin

    Executive

    Group Vice President and Chief Accounting Officer

    Adjunct Professor of Finance at Providence College School of Business

    Thomas A. Austin joined Juniper in September 2019 and has held roles such as Corporate Controller and Chief Accounting Officer.

    Sep 2019

    Anne DelSanto

    Board

    Director

    Board Member at Advanced Energy Industries, Inc.; Limited Partner at Operator Collective and Stage 2 Capital

    Anne DelSanto has been a director since 2019 and holds roles in venture funds and other companies.

    2019

    Christine Gorjanc

    Board

    Lead Independent Director

    Board Member at Invitae Corporation and Shapeways Holdings, Inc.

    Christine Gorjanc has been a director since 2019 and is recognized as an Audit Committee Financial Expert.

    2019

    Janet Haugen

    Board

    Director

    Board Member at Bentley Systems, Incorporated and NCR Voyix Corporation

    Janet Haugen has been a director since 2019, with extensive experience in financial management and governance.

    2019

    Kevin DeNuccio

    Board

    Director

    Board Member at Marathon Digital Holdings, Inc.

    Kevin DeNuccio has been a director since 2014 and has held executive roles at various technology companies.

    2014

    Rahul Merchant

    Board

    Director

    Board Member at Kyndryl Holdings, Inc.

    Rahul Merchant has been a director since 2015, with a background in IT and cybersecurity.

    2015

    Scott Kriens

    Board

    Chairman of the Board of Directors

    None

    Scott Kriens has been with Juniper since October 1996, serving as CEO until 2008 and as Chairman since then.

    Oct 1996

    Steven Fernandez

    Board

    Director

    None

    Steven Fernandez joined Juniper as a director in 2022, bringing expertise in technology and cybersecurity.

    2022

    William Stensrud

    Board

    Director

    Partner of the SwitchCase Group; Chairman of InstantEncore.com and Interactive Fitness Holdings

    William Stensrud has been a director since 1996 and holds leadership roles in consulting and technology companies.

    1996

    1. With the Cloud vertical declining 28% this quarter, what specific factors are contributing to this decline, and how are you addressing the impact of inventory digestion and project delays on your future growth in this segment?
    2. Considering the strong growth in the Enterprise vertical over the past four quarters, what challenges do you anticipate in sustaining this growth given the tough comparisons ahead, and how might macroeconomic factors influence your Enterprise revenue trajectory?
    3. How does the limited visibility into your Cloud and Service Provider customers' inventory levels and ordering patterns affect your ability to forecast demand, and what steps are you taking to improve this visibility?
    4. Given the continued softness in the Service Provider segment, particularly among Tier 2, Tier 3, and international accounts, what strategies are you implementing to mitigate the impact of macro uncertainties on this part of your business?
    5. As you expect to return to more traditional seasonal revenue patterns beginning in the first quarter of 2024, how confident are you in this outlook given the uncertain macro environment, and what factors could potentially disrupt this expectation?
    Program DetailsProgram 1
    Approval DateJanuary 2018
    End Date/DurationN/A
    Total Additional Amount$3.0 billion
    Remaining Authorization$0.2 billion
    DetailsProgram suspended due to a merger agreement; no repurchases made during the recent quarters of 2024
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2025$400.0 1.200% fixed-rate senior notes1.200 23.5% = (400.0 / 1700.0) * 100
    2029$500.0 3.750% fixed-rate senior notes3.750 29.4% = (500.0 / 1700.0) * 100
    2030$400.0 2.000% fixed-rate senior notes2.000 23.5% = (400.0 / 1700.0) * 100
    2041$400.0 5.950% fixed-rate senior notes5.950 23.5% = (400.0 / 1700.0) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    In the network infrastructure business, this company has historically been the dominant player. It is also mentioned as a competitor in the security network infrastructure space and is expected to introduce new products designed to compete more effectively in the market.

    This company is listed as one of the principal competitors in the network infrastructure markets.

    This company is listed as one of the principal competitors in the network infrastructure markets.

    This company is listed as one of the principal competitors in the network infrastructure markets.

    This company, referred to as HPE, is mentioned as a principal competitor in the network infrastructure markets and has a broader portfolio which enables it to bundle networking products with other IT products.

    Huawei Technologies Co., Ltd.

    This company is mentioned as a principal competitor in the network infrastructure markets and in the security network infrastructure space. It has a broader portfolio which enables it to bundle networking products with other IT products.

    This company is listed as a principal competitor in the network infrastructure markets and is also mentioned in the security network infrastructure space.

    This company is mentioned as a principal competitor in the network infrastructure markets and in the security network infrastructure space. It has a broader portfolio which enables it to bundle networking products with other IT products.

    This company is listed as one of the principal competitors in the network infrastructure markets.

    This company is mentioned as a competitor in the security network infrastructure space, focusing specifically on security solutions.

    This company is mentioned as a competitor in the security network infrastructure space, focusing specifically on security solutions.

    This company is mentioned as a competitor in the security network infrastructure space, focusing specifically on security solutions.

    Netskope, Inc.

    This company is mentioned as a competitor in the security network infrastructure space, focusing specifically on security solutions.

    Forcepoint LLC

    This company is mentioned as a competitor in the security network infrastructure space, focusing specifically on security solutions.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1996 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    128 Technology

    2020

    Juniper Networks acquired 128 Technology on November 30, 2020 for $448.2 million (comprising $446.8 million in cash and $1.4 million in pre-acquisition share-based awards, with an additional $29.3 million in share-based compensation for continuing employees), enhancing its AI-driven networking portfolio.

    Netrounds

    2020

    Juniper Networks acquired Netrounds on October 26, 2020 for $33.6 million in cash to gain a programmable, software-based active test and service assurance platform that enhances its automated WAN solutions and improves operational efficiency for service providers.

    Apstra

    2021

    Juniper Networks acquired Apstra in 2021 to integrate an intent-based networking solution that uses closed-loop automation and multi-vendor support, strengthening its Experience-First Networking strategy and Cloud-Ready Data Center offerings.

    Recent developments and announcements about JNPR.

    8-K Filings

    • 8-K Filing

      ·
      Feb 19, 2025, 9:34 PM
      Financial Exhibits
      Regulation FD Disclosure

      Juniper Networks' 8‑K filing reveals the DOJ initiated a suit on January 30, 2025, to block the HPE acquisition. With antitrust clearance in 14 jurisdictions, the companies expect the merger to drive innovation and bolster U.S. network security.

      View full 8-K filing →