Showing posts with label Juniper. Show all posts
Showing posts with label Juniper. Show all posts

Tuesday, June 23, 2020

Vitalpointz becomes part of Juniper - a likely "acqui-hire" for IoT cloud

Juniper Networks has acquired Vitalpointz, a start-up based that specializes in IoT cloud development tools. Terms of the apparent "acqui-hire" have not been disclosed.

Under the deal, Juniper would gain access to Vitalpointz products, technology and associated intellectual property.  THE Vitalpointz Edge Service Platform links to a mobile network's BSS, enabling the operator to provide a seamless IoT service. When a new SIM gets activated, the mobile Core triggers an API to the Vitalpointz cloud IoT platform. The device is then onboarded and provisioned with OTA software updates as needed.Vitalpointz IoT has been available on the Digital Ocean cloud marketplace for trial use. In addition, some of Vitalpointz' IoT technologies (VESPA) are open-sourced
on Github.

Juniper has not commented on how it plans to integrate Vitalpointz. However, Juniper has invested in Stackpath, which offers an edge cloud platform that might be an entry point.

Vitalpointz, which is based in San Ramon, California with operations in Bangalore, was founded by the same team behind Vistapointe, which focused on network monitoring, visibility & analytics. In September 2014, Vistapointe was acquired by Brocade Communications.

The news was public made on the Medium site.  https://medium.com/@ravi.medikonda/vitalpointz-team-to-join-juniper-networks-b4ba1a1cd7fd

https://vitalpointz.io/

Anuta and Juniper partner on network automation

Anuta Networks, a start-up based in Milpitas, California that specializes in network automation, announced a partnership with Juniper Networks.

The Anuta ATOM platform will be integrated into Juniper’s existing network automation portfolio, including Junos Telemetry, Juniper HealthBot and Juniper NorthStar products. The resulting solutions will empower networking teams to rapidly design and provision network services, gain visibility into applications and services flowing through the network and ensure SLA compliance, as well as service assurance for multi-vendor infrastructure. The ATOM platform will be made available through Juniper.

The addition of Anuta ATOM to the Juniper Networks automation portfolio will provide the following added capabilities and benefits:

  • Stateful service provisioning, enhancing Juniper’s focus on service assurance
  • Device lifecycle management, including configuration compliance
  • Stateless workflow-driven management and orchestration, powered by Anuta low-code technology

“Traditionally, deploying network automation could be challenging due to siloed applications, heavy customization and monolithic products. However, Anuta’s integrative approach with a standards-based, microservices architecture has changed everything”, said Chandu Guntakala, Co-Founder & CEO of Anuta Networks. “Anuta ATOM accelerates stateful service orchestration, collects streaming telemetry and delivers closed-loop remediation. It has eliminated manual processes and accelerated digital transformation initiatives for global enterprises and service providers. We are thrilled to partner with Juniper Networks to extend the access of our platform to a wider customer set.”

“Global operators are deploying automation to maximize the efficiency of their network infrastructure and improve customer experience, yet complexity remains a critical challenge. Automation solutions need to simplify network operations, not introduce greater complexity,” said Brendan Gibbs, VP Product Line Management, Automated WAN Solutions at Juniper Networks. “We are excited about our partnership with Anuta because ATOM delivers a powerful closed-loop automation solution - a perfect complement to Juniper’s NorthStar and HealthBot automation solutions. Together, we provide network operators with increased service assurance, operational efficiency and peace of mind.”

Thursday, June 4, 2020

Blueprint 400GbE: The Next Era of Connectivity

Ben Baker, Senior Director of Cloud and SP Marketing, Juniper Networks

The network lies at the heart of everything we do, and it is more important now than ever as we shift toward an increasingly remote work and lifestyle. Network traffic is at record high and shows no signs of leveling off any time soon. Having 400GbE network capacity is critical in maintaining speed and ushering in the next era of connectivity. 

400GbE offers massive increases in capacity, density and power efficiency, and the demand for these capabilities is only growing. Many of the new technology trends we are excited about will require this level of compute, such as new cloud applications, emerging 5G networks, as well as the recent shift to remote work. 400GbE has been a long time coming, but now that we’re entering the 5G era with increased demands for high-bandwidth applications, we’re seeing a clearer path forward. 

Higher speeds can unlock new service capabilities, which pose greater revenue opportunities for service providers, cloud operators and enterprises alike. 400GbE offers more density, scale and power efficiency at a low cost, making it the perfect choice for data center networks, data center interconnect (DCI), and service provider core and transport networks. as well. So why don’t we see more of it out there? 

A Growing Demand
To understand the story of 400GbE, we have to start with the companies clamoring for it most urgently: cloud hyperscalers. Companies such as Google, Amazon and Facebook are experiencing explosive traffic growth across their data centers. Facebook, for example, generates four petabytes of new data every day. Google’s requirements for its data center networks double every 12-15 months. Trying to meet those demands with 100GbE links is like trying to pump a firehose worth of water through a handful of drinking straws. It’s doable, but time intensive

400GbE requires a lengthy time investment for equipment vendors to align around Multi-Source Agreements (MSAs) on optical standards, and therefore the fully realized potential of the technology has been delayed. These optical standards then require exhaustive testing, which can be a long, complex process. That said, the end result is hugely beneficial to the entire ecosystem and will be critical as we evolve into the next era of high-speed technology. 

As we move closer to large-scale commercial viability of 400GbE, expect to see major optical advances this year. Ongoing development of silicon photonics, for example, will further the convergence of optical transport with routing and switching, delivering pluggable transceiver capabilities on fixed configuration platforms or directly on line cards for modular platforms. 

Solving for the Next Wave of Challenges
As we prepare for these advances and wait for 400GbE economics to catch up with demand, here are some considerations to think about:

  • Think open and interoperable. Pursue platforms based on open standards-based technologies, with multi-vendor interoperability and zero lock-in. This will save you in the long run on capital expenditures and operational flexibility.
  • Get 400GbE-ready. As you pursue network refresh cycles, look for fixed configuration or modular solutions that support QSFP56-DD interfaces for 400GbE services, so you can make the transition quickly and easily—such as by swapping out one pluggable with another. 
  • Prioritize inline security. For many organizations, any traffic that leaves the data center must be encrypted. Look for 400GbE solutions that can provide MACsec encryption inline, so you don’t have to use separate components that increase power consumption and costs while sapping performance. 
  • Achieve telemetry at scale. To manage and monitor your network as you scale up, you need networking equipment that can scale telemetry capabilities as well. That means supporting millions of counters and many millions of filter operations per second. 
The Bottom Line
Internet traffic is growing exponentially and operators are trying to navigate the path forward to keep up with the exploding traffic growth. Service providers and cloud operators are fast approaching the tipping point where commercial solutions become viable. Delivering the next generation of digital services and applications—or even just supporting current ones more efficiently—requires a strong foundation powered by 400GbE. 

Thursday, May 21, 2020

Juniper's Mist AI-powered Wi-Fi offers contact tracing

Mist Systems' AI-powered enterprise Wi-Fi is now supporting key workplace business continuity safety tasks like proximity tracing, journey mapping and hot zone alerting as part of strategic contact tracing and social distancing initiatives.

Juniper said that by using Mist access points and cloud services in conjunction with Wi-Fi and/or BLE-enabled devices such as phones and badges, enterprises can now support:

  • Proximity tracing - If an individual identifies as COVID-19 positive (or is experiencing symptoms), enterprises can quickly identify and notify other employees, guests or customers that may have been in close proximity to that individual while onsite. 
  • Journey mapping - Customers can view historical traffic patterns and dwell times for employees who have reported testing positive for COVID-19 – from the moment they were onsite to departure. Journey mapping can identify high-traffic hot zones so customers can take safety measures such as reconfiguring workspaces and deploying additional cleaning efforts.  
  • Hot zone alerting - By looking at the quantity of devices and locations in specific areas, enterprises can disperse or divert traffic away from congested areas with real-time, location-based alerting. They can also view trends over time to identify certain areas for proactive measures.

“Employee health and wellness have always been a key part of business continuity planning, but now more than ever enterprises are looking to IT for help complying with OSHA, ADA, CDC and other guidelines,” said Sudheer Matta, VP of Products at Mist. “The Mist architecture provides unique value by combining Wi-Fi with patented virtual BLE technology, supported by a 16 antenna array that is bi-directional and minimizes the need for extra infrastructure hardware like battery-powered beacons. In addition, Mist recently launched a Premium Analytics service that provides unique insight from a variety of data sources to optimize end-user/client experiences and identify trends that can assist customers with workplace safety.”

Tuesday, April 28, 2020

Juniper posts Q1 revenue of $998 million, flat YoY

Juniper Networks reported Q1 2020 revenue of $998.0 million, flat year-over-year, and a decrease of 17% sequentially. GAAP net income was $20.4 million, a decrease of 34% year-over-year, and a decrease of 88% sequentially, resulting in diluted earnings per share of $0.06. Non-GAAP net income was $77.2 million, a decrease of 17% year-over-year, and a decrease of 61% sequentially, resulting in non-GAAP diluted earnings per share of $0.23.

"Orders grew 10% on a year-over-year basis during the March quarter and improved across each of our core industry verticals. With our stronger than expected demand, we believe our financial results would have exceeded the mid-point of our guidance if not for supply challenges we faced resulting from the COVID-19 pandemic," said Juniper's CEO, Rami Rahim. “While we are starting to see some weakness in our enterprise pipeline, which is impacting visibility into the second half of the year, we believe the overall momentum we are seeing speaks to the strength of our solutions, our strong customer relationships and the efforts we undertook to diversify the business across verticals and customers over the past several years.”

"While we are seeing uncertainty in our business due to the COVID-19 pandemic, we expect to see sequential revenue and non-GAAP earnings growth in Q2. Confidence in our forecast is driven by strong backlog and healthy momentum with our Service Provider and Cloud customers. We believe these factors should help offset increased uncertainty in certain segments of the Enterprise market. Due to the uncertain macroenvironment we have widened our revenue range for the second quarter.

The company posted the following guidance for the quarter ending June 30, 2020:

  • Revenue will be approximately $1,060 million, plus or minus $50 million.
  • Non-GAAP gross margin will be approximately 59.5%, plus or minus 1.0%.
  • Non-GAAP operating expenses will be approximately $480 million, plus or minus $5 million.
  • Non-GAAP operating margin will be approximately 14.0% at the mid-point of revenue guidance.
  • Non-GAAP tax rate will be approximately 19.5%.
  • Non-GAAP net income per share will be approximately $0.34, plus or minus $0.05. This assumes a share count of approximately 332 million.

Tuesday, April 21, 2020

Juniper supplies managed SD-WAN platform to T-Systems

Juniper Networks has partnered with T-Systems to create and deliver a managed SD-WAN infrastructure as part of an end-to-end service overlay solution for companies with complex network and connectivity requirements.

T-Systems is offering a secure, managed platform for the delivery of multicloud hosted applications, as well as delivering standardized services as managed SD-WAN overlay services, called Smart SD-WAN, which is powered by Juniper.

To create this new offering, T-Systems has integrated a range of Juniper products including:

  • Contrail Service Orchestration – a scalable and multitenant software platform that offers automated branch connectivity management and enables T-Systems to improve network service delivery, providing reliability and agility while extending visibility across its multicloud network.
  • SRX Series Security Gateways – a range of SD-WAN customer premises devices delivering a comprehensive suite of layered security services that enable advanced defense against known and unknown threats.
  • NFX Series Network Services Platform – secure, standards-compliant CPE devices that allows T-Systems to easily create and deliver network services to its customers.
  • vSRX Virtual Firewalls - offering the same features as Juniper's physical SRX Series firewalls but in a virtualized form factor for delivering security services that scale to allow T-Systems to add cloud sites in an end-to-end multi-cloud SD-WAN service.
  • Junos OS - All Juniper infrastructure runs on the Junos OS with the one Junos experience optimized for the modularity, openness and programmability required of the new cloud era in networking. 
  • A comprehensive Connected Security package, including Firewall User Authentication, Application Security, Unified Threat Management as well as Intrusion Detection and Prevention Systems, to strengthen network defenses. 

"As a long-standing Juniper partner, T-Systems' choice to offer its new SD-WAN solution based on our technology deepens our relationship and also enables them to provide a host of secure services and capabilities to enterprises and simplify the deployment, operation and maintenance of the underlying network. The combination of cloud services and software-defined networking creates a strategic opportunity for providers like T-Systems to differentiate themselves in the marketplace by addressing the infrastructural complexity that their customers face, and Juniper is there to help them achieve that goal," stated Rami Rahim, Chief Executive Officer, Juniper Networks.

Sunday, March 1, 2020

Verizon carries 800 Gbps wavelength

Verizon reported the transmission of 800 Gbps of data on a single wavelength over its live network.

The test showed equipment interoperability from two different suppliers and the capability to quadruple the typical capacity carried on a wavelength. The test traffic was transmitted between two Juniper Networks QFX 5220 packet platforms across two Ciena 6500 platforms powered by WaveLogic 5 Extreme (WL5e) coherent optics.

Verizon said the use of this new coherent optics and equipment from Ciena and Juniper demonstrates the evolution to a more software-driven and automated network with tunable capacity from 200Gbps to 800Gbps per wavelength.\

“In the past, we needed to combine multiple wavelengths to achieve 800 Gbps capacity,” said Kevin N. Smith, Vice President of Technology and Planning for Verizon. “Now, with the new optics configuration from Ciena and Juniper Networks on our fiber network, we are advancing our connecting layer of fiber to prepare for the explosion of data we know will come along with 5G’s transformational impact on industries and consumers. And being the only provider in the industry with that capacity on a single wavelength allows us to deliver the service at a much lower cost per bit.”

“800G is possible today with our WaveLogic 5 Extreme technology and this live Network trial is remarkable because it shows the progression of capacity and efficiencies,” said Scott McFeely, Senior Vice President of Global Products and Services for Ciena. “Programmable 200Gbps-800Gbps transmission will allow Verizon to effectively respond to fluctuating user demands by creating a more software-driven, programmable and highly scalable network.”

“As network traffic continues to grow sharply, driven by video and other new 5G uses cases, it’s imperative for communications service providers and infrastructure vendors to work closely together for rapid innovation. New 400GbE packet routers and 800G coherent optical systems help drive down the cost per bit with improved scale and density. We’re excited to have played a role in this successful trial and look forward to help deliver new, high-bandwidth services to end-users.” - Sally Bament, Vice President, Cloud & Service Provider Marketing, Juniper Networks.

Verizon will begin deploying this new optical configuration in the fiber network in the second half of 2020.

Thursday, January 30, 2020

State of NFV: Telco Cloud Integration

State of NFV Resource Site and Report: https://ngi.how/nfv-20



The cost to operate a network is much higher than the cost to initially deploy a network says Ben Baker, Senior Director, Cloud/SP Marketing at Juniper Networks. Service providers realize they need more agility and speed. Juniper Networks is working with SPs to virtualize service delivery points farther out to the edge while keeping management and control centralized.



Monday, January 27, 2020

Juniper posts Q4 sales of $1.208 billion, up 2% YoY

Juniper Networks reported preliminary net revenues of $1,208.1 million for 4Q2019, an increase of 2% year-over-year, and an increase of 7% sequentially. GAAP operating margin was 14.8%, a decrease from 16.7% in the fourth quarter of 2018, and an increase from 12.2% in the third quarter of 2019. GAAP net income was $168.4 million, a decrease of 12% year-over-year, and an increase of 70% sequentially, resulting in diluted earnings per share of $0.49. Non-GAAP net income was $198.7 million, a decrease of 3% year-over-year, and an increase of 19% sequentially, resulting in non-GAAP diluted earnings per share of $0.58.

Full Year 2019 net revenues were $4,445.4 million, a decrease of 4% year-over-year.

“We returned to year-over-year growth during the December quarter and saw encouraging trends across various areas of our business, including record Enterprise sales, double digit year-over-year growth in the Cloud, solid momentum with Mist, and another quarter of strength in our services organization,” said Juniper’s CEO, Rami Rahim. “We believe we are executing well and positioned to sustainably grow the business starting this year.”

“We experienced better than expected top and bottom-line results during the December quarter,” said Juniper’s CFO, Ken Miller.

Wednesday, January 22, 2020

Automating Threat Awareness in Networks



Thanks to breakthroughs in behavioral analytics, threat intelligence continues to advance. How can points-of-enforcement leverage these gains to build more secure networks?

Samantha Madrid, Vice President of Network Security Business & Strategy, Juniper Networks, discusses strategic considerations for connected security.

For more great insights from top thought leaders and access to free market reports visit https://nginfrastructure.com/

Wednesday, December 4, 2019

CERN deploys Juniper switches

CERN has deployed Juniper’s QFX Series switches, EX Series Ethernet Switches for its new data center core network and is evaluating Tungsten Fabric to create a network built for extreme computing.

CERN's Large Hadron Collider (LHC) project is designed to observe up to 1.7 billion proton-proton collisions per second and produce a data volume of more than 7.5 terabytes per second. The data flow has to be filtered and reduced to a manageable level. The LHC experiments’ Trigger and Data Acquisition Systems handle data filtering, collection and infrastructure monitoring. Juniper’s switching portfolio provides high-throughput connectivity to support the data collection and infrastructure monitoring.

CERN’s Geneva data center network supports more than 15,000 servers and 260,000 processor cores. It enables researchers around the world to receive data from the LHC experiments for analysis. In the last 12 months, 370 petabytes of data have moved across the network.

“Juniper is very proud to be working with CERN by putting dynamic automation and a robust network in place and supporting the organization to embark on the next wave of scientific discovery to continue helping us to understand our mysterious universe,” said James Morgan, Vice President, Enterprise Sales, EMEA Juniper Networks.

Tuesday, December 3, 2019

Russia's Rostelcom picks Juniper for IP Transport Backbone

Rostelecom, the largest digital services provider in Russia, selected Juniper for a large scale modernization of its IP Transport Backbone.

The contract covers Juniper Networks’ MX Series 5G Universal Routing Platform and PTX Series Packet Transport Routers. Financial terms were not disclosed.

Monday, December 2, 2019

Juniper names Raj Yavatkar as CTO

Juniper Networks named as Raj Yavatkar as Chief Technology Officer, replacing Bikash Koley who is leaving the company.

Yavatkar is currently an IEEE Fellow and previously headed the development of Network Virtualization Infrastructure and products for Cloud Networking at Google. Prior to Google, Yavatkar held leadership roles at VMware and Intel where he pioneered new hybrid cloud product categories and served as the Chief Software Architect to deliver four generations of IXP family of Network Processing Units (NPUs). He also founded a Systems Technologies Lab (STL) and led advanced R&D in technologies such as system security, manageability and virtualization. Yavatkar received Bachelor’s and Master’s degrees in Technology in Engineering from the Indian Institute of Technology and a PhD degree in Computer Science from Purdue.

"Raj is a visionary who has been able to translate a deep understanding of customer and market needs into breakthrough products and solutions for the past fifteen years. I’m truly pleased and honored to have Raj help us in our strategy to change networking for the cloud era," said Rami Rahim, CEO, Juniper Networks.

Juniper appoints Bikash Koley, formerly with Google, as CTO


Juniper Networks has named Bikash Koley as chief technology officer (CTO), reporting to chief executive officer Rami Rahim, with responsibility for charting Juniper's technology strategy and leading and executing several of the company's critical technology innovations, including Contrail and AppFormix.

Mr. Koley, who is expected to join Juniper in August 2017, has extensive experience in both IP and optical domains and in designing and operating large scale networks.

Mr. Koley is currently serving as a distinguished engineer and the head of network architecture, engineering and planning at Google. He is an expert in the areas of software-defined networking (SDN), packet and optical network integration, warehouse-scale computing and large-scale data centre interconnection.

While with Google, Bikash Koley designed, built and operated Google's production network infrastructure, spanning data centre, backbone(s), optical and the content edge. His team also oversaw the company's SDN evolution, network technology strategy and networking research and innovation, enabling ubiquitous programmability and high reliability.

Prior to Google, Mr. Koley served as the CTO of Qstreams Networks, a company he co-founded. He also spent a number of years with Ciena in a range of technical roles related to the development of DWDM and Ethernet technologies.

What's happening with 400G?



It's happening, but maybe not quite yet except for the hyperscale clouds. Bikash Koley, CTO of Juniper Networks, provides a quick update on 400G, including a mention of the upcoming in-house silicon photonics.

Sunday, November 24, 2019

Juniper extends 400GbE over 2,000 km

Juniper Networks delivered 400Gbps Ethernet live traffic over 1,300 miles (2.092 km) in a trial conducted in conjunction with SCinet, the Supercomputing 2019 Conference's high-capacity network.

SCinet used Juniper’s PTX10003 Packet Transport Router to deliver traffic between Denver and Chicago. The 400GbE link was part of the 4.22 Terabits of connectivity SCinet provided to the conference. It was made available to researchers working on projects in disciplines, such as High Energy Physics, Radio Astronomy and Human Genome research. Over the coming years, many Research & Education networks will be upgrading their backbones to 400GbE, positioning them to meet the bandwidth demands of Big Science.

Juniper also supplied SC19 with additional networking infrastructure to build SCinet and support the conference, including MX2019 and MX960 routers, QFX switches and SRX4600 firewalls. All infrastructure ran the Junos operating system with the one Junos experience optimized for the modularity, openness and programmability required of the new cloud era in networking.

“This field trial represents a significant milestone in realizing the promise of 400GbE’s high-capacity, next-gen networks. Juniper Networks has a long history of leading the industry in fast and simplified networking. By delivering cutting-edge innovations in 400GbE networks, we are laying the foundation for the fastest and most advanced networks in the world,” stated Andy Athreya, Chief Development Officer at Juniper Networks.

What's happening with 400G?



It's happening, but maybe not quite yet except for the hyperscale clouds. Bikash Koley, CTO of Juniper Networks, provides a quick update on 400G, including a mention of the upcoming in-house silicon photonics.

Thursday, November 14, 2019

What's happening with 400G?



It's happening, but maybe not quite yet except for the hyperscale clouds. Bikash Koley, CTO of Juniper Networks, provides a quick update on 400G, including a mention of the upcoming in-house silicon photonics.



https://youtu.be/6fjR0ovin0Y

https://nginfrastructure.com/network-automation/


Monday, November 11, 2019

Juniper's Mist focuses on the AI-Driven Self-Driving Network

by James E. Carroll

Mist Systems, which is now a division of Juniper Networks, is upgrading its AI engine and microservices cloud to streamline IT operations, simplify troubleshooting across wired/wireless domains and deliver optimized experiences to network users. The goal is to deliver the first "AI-Driven Self-Driving Network" for the enterprise.

There are 2 components:

  • Wired Assurance Service, which brings automated operations and service levels to Juniper enterprise access switching customers via the Mist cloud. A new cloud subscription service for Wired Assurance brings data from Junos switch telemetry into the Mist microservices cloud and AI engine.
  • Marvis Actions, a framework for self-driving networks, converts AI-driven insight into actionable tasks for proactive and streamlined IT operations. Marvis AI-driven Virtual Network Assistant, which has been expanded to cover both wired and wireless networks, enables IT administrators to ask natural language queries and get detailed answers for troubleshooting and insight. A new Marvis Actions dashboard identifies the root cause of issues across various IT domains (WLAN, LAN, WAN and security) and automatically resolves them when possible. Marvis also delivers wired visibility for third party switches, proactively identifying issues, such as inactive/missing VLANs, firmware compliance, PoE budget constraints and insight into wireless users’ issues caused by wired problems.

What's happening with 400G?



It's happening, but maybe not quite yet except for the hyperscale clouds. Bikash Koley, CTO of Juniper Networks, provides a quick update on 400G, including a mention of the upcoming in-house silicon photonics.




Juniper to acquire Mist for cloud managed, enterprise Wi-Fi
by James E. Carroll

Juniper Networks agreed to acquire Mist Systems, a start-up offering a cloud-managed, enterprise wireless platform, for $405 million in cash and equity awards.
Mist, which is based in Cupertino, California, has developed an AI-driven wireless platform for making Wi-Fi more predictable, reliable and measurable. Mist has also developed an AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and provide unprecedented insight into client and network behavior. In addition, Mist uses patented virtual Bluetooth LE technology in conjunction with Wi-Fi and IoT to deliver scalable and cost-effective location-based wireless services to customers, such as indoor wayfinding, proximity notifications, traffic analytics and asset tracking. All operations are managed via Mist’s modern cloud microservices architecture.

Mist’s Wireless LAN (WLAN) platform will be combined with Juniper’s wired LAN, SD-WAN and security solutions. Juniper said the deal also enables it to extend cloud-based management and end-to-end AI-driven visibility across the end-to-end enterprise network (from access to the WAN) to offer an industry-leading, software-defined and highly differentiated solution for simplifying operations, improving user experience and lowering total cost of ownership (TCO).

Thursday, October 24, 2019

Juniper posts revenue of $1.1 billion - cloud and enterprise sales rising

Juniper Networks reported Q3 2019 net revenues of $1.133.1 billion, a decrease of 4% year-over-year, and an increase of 3% sequentially. GAAP operating margin was 12.2%, a decrease from 13.6% a year earlier and an increase from 7.5% in the preceding quarter.

GAAP net income was $99.3 million, a decrease of 56% year-over-year, and an increase of 115% sequentially, resulting in diluted earnings per share of $0.29.

Non-GAAP net income was $166.6 million, a decrease of 13% year-over-year, and an increase of 19% sequentially, resulting in non-GAAP diluted earnings per share of $0.48.

“We believe we are executing well in a dynamic environment," said Rami Rahim, Juniper’s, Chief Executive Officer. “While we are encouraged to see improved momentum with our Cloud customers, Service Provider spending remains challenged and we experienced weaker than expected Enterprise orders in the September quarter. Despite this backdrop, we still expect to deliver modest year-over-year growth during the December quarter and remain optimistic regarding our long-term growth prospects.”

Some highlights (yoy comparisons):

  • Cloud increased 6% and Enterprise increased 8%, while
  • Service Provider declined 17%. The lower than mid-point revenue result was due to greater than anticipated Service Provider weakness.
  • On a sequential basis, Enterprise increased 10%, Service Provider increased 1% and Cloud was down 5%.
  • Routing decreased 18% year-over-year and 2% sequentially. Switching increased 9% year-over-year and 12% sequentially. 
  • Security increased 22% year-over-year and 16% sequentially. Our Services business increased 1% year-over-year and was flat sequentially.
  • Software revenue increased 13% year-over-year and was approximately 10% of total revenue.
  • Of the top 10 customers for the quarter, three were Cloud, six were Service Provider, and one was an Enterprise

Tuesday, October 1, 2019

Juniper supplies Telefónica UK

Juniper Networks is serving as strategic IP network provider for Telefónica UK's Fusión Network. The first phase of Telefónica UK’s services migration to the new infrastructure is underway.

Juniper Networks and Telefónica said they designed the Fusión Network to transform the customer experience for mobile, residential and business services globally. This initiative has previously been implemented by the Telefónica Group in other regions around the world and has evolved over the years, including a recent upgrade in Spain to support the evolution to 5G.

Juniper is supplying the following for the Fusión Network:

  • PTX Series Packet Transport Routers (PTX10008), MX Series 5G Universal Routing Platform (MX2008, MX2010 and MX2020)
  • Junos Fusion Edge, Junos Node Slicing virtualization and Juniper’s Automation Framework
  • Professional Services

“As we prepare for our 5G rollout from October 2019 with the end goal of building a 5G economy in coalition with British industry, we need a network infrastructure that benefits customers from the outset, with better speeds, intelligent security and improved user experience. This requires a network that is sophisticated, but also simpler to deploy, operate and maintain, which is why we chose Juniper as our strategic IP network provider. This overhaul of our network provides the flexibility, scalability and performance to meet those demands,” stated Brendan O’Reilly, Chief Technology Officer, Telefónica UK.

“As one of the major service providers in the UK, Telefónica UK is a true trailblazer of cutting-edge network technology. Juniper has a long and proud history of working with Telefónica globally, and being chosen as Telefónica’s strategic IP network provider in the UK to deliver a 5G-ready network reflects the depth of that partnership. This project is expected to help Telefónica UK transform its network, providing an automated and scalable network that is capable of meeting current and future demands of consumers and business customers alike. It will help to ensure that Telefónica UK will continue to deliver the robust performance its users expect and be sufficiently agile to lead the way on new service innovation,” said Manoj Leelanivas, Chief Product Officer, Juniper Networks.

Tuesday, August 20, 2019

Juniper raises $500m to refinance pending notes

Juniper Networks announced the priced of $500 million of 3.750% Senior Notes due 2029. The 2029 Notes were issued at 99.951% of par value, bear interest at an annual rate of 3.750% and will mature on August 15, 2029.

Juniper estimates that the net proceeds of the sale of the 2029 Notes, after deducting the underwriter discount and estimated offering expenses, will be approximately $495.3 million.

The company intends to to use the net proceeds from the offering of the 2029 Notes, together with cash on hand, to purchase all of its outstanding 3.300% Senior Notes due 2020 and 4.600% Senior Notes due 2021.

Thursday, July 25, 2019

Juniper posts revenue of $1.102 billion, down 8% yoy

Juniper Networks reported Q2 2019 revenue of $1.102 billion, a decrease of 8% year-over-year, and an increase of 10% sequentially. GAAP operating margin was 7.5%, a decrease from 13.3% in the second quarter of 2018, and an increase from 4.3% in the first quarter of 2019. Non-GAAP operating margin was 15.8%, a decrease from 18.5% in the second quarter of 2018, and an increase from 11.2% in the first quarter of 2019. GAAP net income was $46.2 million, a decrease of 60% year-over-year, and an increase of 49% sequentially, resulting in diluted earnings per share of $0.13. Non-GAAP net income was $139.5 million, a decrease of 18% year-over-year, and an increase of 50% sequentially, resulting in non-GAAP diluted earnings per share of $0.40.

“We experienced encouraging trends during the June quarter, as we saw sequential revenue growth across industry verticals and technologies,” said Rami Rahim, chief executive officer, Juniper Networks. “We are making progress with our sales transformation efforts which, along with our strong pipeline of opportunities, is providing confidence in our ability to not only deliver sequential revenue growth through the remainder of the year, but also a return to year-over-year growth during the December quarter.”

Some highlights

  • Revenue by vertical
  • all verticals grew sequentially, as expected. 
  • Cloud was up 28%, 
  • Enterprise grew 8% but decreased 6% yoy, although bookings increased double-digits year-over-year.
  • Service Provider increased 3% sequentially but was down 15% yoy.

Revenue by technology

  • Routing decreased 15% year-over-year to $416 million. This represents growth of 11% sequentially. 
  • Switching decreased 15% year-over-year to $216 million. This represents growth of 22% sequentially. 
  • Security increased 2% year-over-year to $81 million.  This represents growth of 20% sequentially. 
  • Services business increased 2% year-over-year and 1% sequentially.
  • Software revenue continued to grow year-over-year and was greater than 10 percent of total revenue.

Of the top 10 customers for the quarter, four were Cloud, five were Service Provider, and one was an Enterprise. There was one customer that accounted for greater than 10% of total revenue, from the Cloud vertical.