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Juniper Networks Inc
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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