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Tag: juniper
Nokia, Juniper Networks in NFV, SDN partnership
2014-05-06 02:00:00| Total Telecom industry news
Vendors to launch telco cloud solution, managed services to help operators virtualise their core networks.
Tags: networks
partnership
nokia
sdn
Juniper Networks: Strong Results Are an Indication of a Better Future
2014-05-03 16:48:15| Telecom - Topix.net
Juniper Networks , one of the pioneers in network infrastructure innovation, came up with impressive first quarter results for fiscal 2014.
Tags: results
better
future
strong
Juniper Networks Q1 sales up 10%, margins improve
2014-04-23 08:37:00| Telecompaper Headlines
(Telecompaper) Juniper Networks said its first-quarter net revenues rose 10 percent year-on-year to USD 1.170 billion, slightly better than expected. The operating margin declined to a negative 0.5 percent, due to USD 122 million of restructuring and other charges, from 8.2 percent the previous year. Excluding the one-time items, the operating margin rose to 17.2 percent from 15.7 percent. Net profit still improved to USD 110.6 million or USD 0.22 per diluted share, from USD 91.0 or 18 cents a share a year earlier, thanks to gains from selling a minority equity investment. Adjusted net profit increased 21 percent to USD 142.6 million or USD 0.29 per share. For the second quarter, Juniper Networks forecast revenues of USD 1.20-1.23 billion, and adjusted gross margin of around 64.0 percent, plus or minus 0.5 percent, and adjusted operating expenses at USD 520 million, plus or minus USD 5 million. The non-GAAP operating margin will be roughly 21.0 percent, plus or minus 0.5 percent at the midpoint of the revenue guidance and adjusted EPS is estimated at USD 0.36-0.39.
Tags: sales
improve
networks
margins
Analyst Downgrades: F5 Networks, Inc., Juniper Networks, Inc., and Hasbro, Inc.
2014-04-05 11:13:27| Toys - Topix.net
Northland also initiated a "market perform" rating and a price target of $26 for JNPR , following this week's news of the company's cost-cutting plans .
Tags: inc
networks
analyst
juniper
Juniper Networks to cut 6% of global workforce
2014-04-03 08:29:00| Telecompaper Headlines
(Telecompaper) Juniper Networks announced further details of its planned restructuring, including a 6 percent reduction in its workforce. In a SEC filing, the company said the "integrated operating plan", or IOP, is aimed at focusing Juniper on high-growth segments and right-sizing certain functions. The majority of the headcount reductions are immediate, and a significant proportion are middle management positions. The company estimates cash severance costs at around USD 35 million in the first quarter of fiscal 2014. To improve its portfolio, Juniper is also ending development of the application delivery controller technology licensed in July 2012. This will result in an impairment charge of USD 85 million in Q1, but will have no impact on revenues. In addition, the company expects to record other non-cash asset write-downs of approximately USD 10 million in the first quarter. Additional actions and restructuring charges are expected to be taken in the second quarter and the balance of fiscal 2014, including facilities consolidations, marketing program reductions, and other asset restructures. This will result in the future disposal of around 300,000 square feet of leased facilities, representing 12 percent of Juniper's global facilities square footage. The cost of consolidating facilities is expected to be USD 70 million over the full year. Additional restructuring charges of around USD 20 million are expected later in fiscal 2014.
Tags: global
cut
networks
workforce
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