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Nasdaq:
JNPR
Juniper
Networks transforms the business of networking by converting a commodity
- bandwidth - into a dependable, secure, and highly valuable corporate
asset. Founded in 1996 to meet the stringent demands of service providers,
Juniper Networks is now relied upon by the world's leading network operators,
government agencies, research and education institutions, and information-intensive
enterprises as the foundation for uncompromising networks
http://www.juniper.net
Juniper Networks Announces
Definitive Agreement to Acquire Ankeena Networks; Expands Junos Ready Software
Portfolio
Media Infrastructure
Company Brings Leading Content Delivery and Media Solutions to Advance
Juniper's Vision for the "New Network"
SUNNYVALE, Calif., April
8, 2010 — Juniper Networks® (NYSE: JNPR) today announced it has entered
into a definitive agreement to acquire Ankeena Networks, a privately-held
provider of new media infrastructure technology. Ankeena's solution delivers
online media content at massive scale, while providing a television-like
viewing experience for media with dramatically reduced delivery costs.
In alignment with Juniper's vision for the "New Network," Juniper will
integrate Ankeena's technology into its solutions portfolio to address
the rising demand for rich media content while significantly improving
the economics of content delivery for service providers. The financial
impact of this transaction is expected to be immaterial with consideration
at closing of less than $100 million. Additional terms of the transaction
were not disclosed.
As an addition to the
Junos® Ready Software business group, Juniper will leverage the Ankeena
software to offer high-performance content delivery networking and "3 Screen"
media delivery solutions for the next-generation service provider network,
capitalizing on the explosive growth of video traffic on both mobile and
fixed networks worldwide.
"Juniper's acquisition
of Ankeena reflects our commitment to transforming the experience and economics
of networking — in this case by delivering an enhanced TV-like user experience
of both fixed and mobile video traffic, while enabling crucial TCO reductions
for operators," said Manoj Leelanivas, executive vice president and general
manager, Junos Ready Software at Juniper Networks. "The combination of
Ankeena's new media infrastructure solution with Juniper's high-performance
networking platforms will take our existing partnership to the next level
to meet the bandwidth and cost of delivery challenges facing service providers
as IP video continues to accelerate. We are excited about Ankeena's technology
and its talented team playing important roles in the future of Juniper
Networks."
Ankeena's Media Flow
Director ensures that users receive a smooth-viewing experience regardless
of the viewing device and varying network conditions. Ankeena's comprehensive
support for different adaptive streaming technologies allows viewers to
enjoy watching videos without any buffering or stuttering by dynamically
detecting the available bandwidth and varying the delivery bit-rate. While
providing a high-quality video output, Ankeena's Media Optimized multi-tier
caching technology also provides up to a 10-to-1 reduction in the number
of servers needed to deliver the same amount of media, with a similar reduction
in transit network and media delivery costs.
Ankeena, located in Santa
Clara, Calif., was founded in 2008 as Nokeena Networks by President and
CEO Rajan Raghavan, CTO and Strategy Officer Prabakar Sundarrajan, Chief
Architect Jaspal Kohli, and Vice President of Engineering Kumar Narayanan.
Ankeena's senior management team has agreed to join Juniper following the
acquisition and will assume leadership roles within the Junos Ready Software
business group.
Juniper Networks Reports
Preliminary Third Quarter 2009 Financial Results
Q3 Revenue: $823.9
million, up 5% quarter over quarter
Q3 Operating Margin:
15.5% GAAP; 20.8% non-GAAP
Q3 GAAP Net Income Per
Share: $0.16 diluted
Q3 Non-GAAP Net Income
Per Share: $0.23 diluted, up 21% quarter over quarter
Juniper
Networks Reports Preliminary Third Quarter 2009 Financial Results [PDF
214KB]
SUNNYVALE, Calif., October
22, 2009 — Juniper Networks, Inc. (NASDAQ: JNPR) today reported preliminary
financial results for the three months ended September 30, 2009.
Net revenues for the
third quarter of 2009 increased 5% to $823.9 million from $786.4 million
reported in the second quarter of 2009 and declined 13% on a year-over-year
basis. The Company posted GAAP net income of $83.8 million, or $0.16 per
diluted share, and non-GAAP net income of $122.5 million, or $0.23 per
diluted share for the third quarter of 2009. Non-GAAP net income per share
represents an increase of 21% quarter-over-quarter from the $0.19 per diluted
share reported for the second quarter of 2009 and a decrease of 28% from
the $0.32 per diluted share reported for the third quarter of 2008. The
reconciliation between GAAP and non-GAAP results of operations is provided
in a table immediately following the Net Revenues by Reportable Segment
table below.
"Juniper is driving execution
and gaining momentum at a time when visibility in key areas of our business
is beginning to improve," said Kevin Johnson, Juniper's Chief Executive
Officer. "We are delivering on our R&D roadmap and customers
are embracing our offer of integrated routing, switching and security on
a common software platform — JUNOS. Even as our optimism grows, macroeconomic
conditions remain uncertain and we will continue to balance sound financial
management with our investments in innovation and customer satisfaction."
Juniper's operating margin
for the third quarter of 2009 increased to 15.5% on a GAAP basis from 12.2%
in the second quarter of 2009, and decreased from 21.3% in the prior year
third quarter. Non-GAAP operating margin for the third quarter of 2009
increased to 20.8% from 18.1% in the second quarter of 2009 and decreased
from 25.1% in the prior year third quarter.
Juniper generated net
cash from operations for the third quarter of 2009 of $223.9 million, compared
to net cash from operations of $148.7 million in the second quarter of
2009.
Capital expenditures
as well as depreciation and amortization expense during the third quarter
of 2009 were $33.8 million and $36.5 million, respectively.
Juniper Networks, Inc.
Announces the Date of the Q3 2009 Earnings Conference Call and Webcast
SUNNYVALE, Calif., September
23, 2009 Juniper Networks, Inc. (NASDAQ: JNPR), the leader in high-performance
networking, today announced it will release financial results for the quarter
ending September 30, 2009, on October 22, 2009 after the close of the market
and will host a conference call at 1:45 p.m. PDT (Pacific Daylight Time),
to be broadcast live over the Internet.
To participate via telephone,
the toll free dial-in number is 877-407-8033, international callers dial
201-689-8033. Please dial-in ten minutes prior to the scheduled conference
call time. The webcast will be available at http://www.juniper.net/company/investor/conferencecall.html.
The webcast replay will
be available on the Juniper Networks website until December 14, 2009.
Juniper
Networks Sponsors Carbon Disclosure Project Forum to Unveil Global 500
and S&P 500 Reports
Juniper
Demonstrates Commitment to Energy Conservation and Environmentally Friendly
Business Practices
MEDIA
ADVISORY -- New York, September 21, 2009 -- Juniper Networks, (NASDAQ:
JNPR), the leader in high-performance networking, will be participating
today as a sponsor of the Seventh Annual Carbon Disclosure Project (CDP)
Global Forum in New York City. In addition, Juniper will be highlighted
in the CDP's Annual Global 500 and S&P 500 Reports, which further validates
Juniper's commitment to energy conservation and environmentally friendly
business practices.
The
Forum is taking place in conjunction with Climate Week NYC, a five-day
program of events being held throughout New York City from September 21-25,
which will address the urgent need for action on climate change. Attendees
will learn about Juniper's commitment to managing its carbon footprint
as well as the suppliers the company works with every year.
Juniper
is dedicated to doing its part to protect the environment, conserve energy
and natural resources, and reduce pollution through the application of
responsible business practices and energy-efficient technologies across
the company's daily operations and product designs. For more information
on the company's efforts to reduce its overall impact on the environment,
please visit Juniper's Corporate Citizenship and Sustainability site and
download 'What Green Networking Means to Juniper' backgrounder.
Press
and Analyst Meetings:
Juniper
executives are available to speak with attending journalists, bloggers
and industry analysts on a broad range of technology and market trends.
If you are interested in arranging a briefing with a Juniper spokesperson
at the Forum, please contact Kim Markle at kmarkle@juniper.net or 408-936-7673.
Juniper
Networks Appoints Gerri Elliott as Executive Vice President, Strategic
Alliances
New
Executive Role to Drive Strategic Partnerships to Further Innovation, Win
New Customers and Improve Customer Satisfaction
SUNNYVALE,
Calif., June 23, 2009 Juniper Networks, Inc. (NASDAQ: JNPR), the leader
in high-performance networking, today announced the appointment of Gerri
Elliott to the role of executive vice president of Strategic Alliances.
She will have responsibility for forging and fostering Juniper's strategic
alliances globally. Elliott will report directly to Chief Executive Officer
Kevin Johnson.
'Our
focus on strategic partnerships that include collaborative innovation and
aligned go-to-markets is an important element of our growth agenda,' said
Johnson. 'Gerri's deep experience with customers, partners and global relationships
position her well to drive impactful strategic alliances for Juniper. She
will be a tremendous asset to our executive team.'
'Juniper
continues to be one of the world's most innovative companies with proven
high-performance networking technologies,' said Elliott. 'They have been
laser focused on their core expertise while partnering strategically to
create value in the market. I look forward to driving the strategic
alliances to enable the next wave of growth for Juniper.'
Elliott
joins Juniper Networks from Microsoft, where she was corporate vice president,
Worldwide Public Sector organization, leading a team of more than 2000
sales and marketing professionals serving government, education and healthcare
customers in more than 100 countries. At Microsoft, Elliott was also co-head
of the company's North American subsidiary where she developed and implemented
a global strategy to establish Microsoft's first industry vertical sectors
including telecommunication, financial services, public sector, retail,
manufacturing, healthcare, professional services, and media and entertainment.
Prior
to Microsoft, Elliott spent 22 years at IBM, where she held several senior
executive positions in the U.S. and internationally.
Juniper
Networks Appoints Lauren Flaherty as Executive Vice President and Chief
Marketing Officer
SUNNYVALE,
Calif., January 28, 2009 -- Juniper Networks, Inc. (NASDAQ: JNPR), the
leader in high-performance networking, today announced the appointment
of Lauren Flaherty to the position of executive vice president and chief
marketing officer. Flaherty will oversee the full breadth of the company's
global marketing activities, and will report directly to company CEO, Kevin
Johnson.
Flaherty
brings to her role at Juniper a strong combination of Enterprise and Service
Provider marketing experience. Most recently, she served as CMO of Nortel
Networks from 20062008. While at Nortel, Flaherty created a fully integrated
marketing function that represented all lines of business, and created
Nortel's first Global Marketing Board, which enabled the development of
marketing investments that were fully aligned to sales and the company's
strategic objectives. Flaherty also led many of Nortel's strategic business
initiatives, including the company's first global Enterprise campaign,
leadership of the company's green marketing initiatives and its bids for
sponsorship of the Vancouver 2010 and London 2012 Olympic Games. Prior
to Nortel, Flaherty spent 26 years at IBM in a variety of product marketing
leadership positions including software and servers. She also led many
company-wide initiatives, such as Solutions for a small planet, e-business,
on demand business, and marketing targeting key segments for small-and-medium
businesses (SMBs). Flaherty has been recognized three times by BtoB Magazine
as one of the 'World's Best Marketers' and was named to the Women's Executive
Network Top 100 in 2007 and 2008.
'I'm
excited to welcome Lauren to our executive team,' said Johnson. 'Her track
record and global experience centered on building operational excellence,
world-class marketing teams and delivering results are precisely what will
help us build our connected sales and marketing model and take the company
to the next level.'
'Juniper
is a very exciting company to join,' said Flaherty. 'Those who know the
company well are sold on the company's terrific engineering and the incredible
talent supporting them.' She added, 'Juniper is a bit of a well-kept secret.
There's a great story here and we're going to unleash it.'
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