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$JNPR Form 4: On June 20, 2015, Mitchell Gaynor, EVP, General Counsel, exercised 6,358 RSU awards into common stock and acquired the same; disposed of 3,318 shares at $27.26 for the payment of applicable income and payroll withholding taxes due on release. After the transaction, he owns 50,828 shares.
$JNPR and Telefónica will collaborate to develop a Self-Driving Network. This project will see the development and implementation of new tools and processes with the goal to evolve Telefónica's infrastructure into one that can self-analyze and self-correct thereby improving the mitigation of cyberattacks.
$JNPR reported a marginal rise of 1% in its 3Q17 earnings, mainly due to lower revenue growth. Net income during the quarter inched up to $174.4MM, or $0.46 per share, versus $172.4MM, or $0.45 per share during 3Q16. Adj. EPS was $0.55. Revenue fell 2% YoY to $1.25Bil, hurt by timing of switching deployments.
i3D.net, a Dutch managed-hosting provider, selected $JNPR's Software-Defined Secure Networks platform to protect its network against DDoS attacks and other threats while reducing its capital expenses. The new i3D.net's network will lower costs due to lower shipping expenses and less time to deploy new sites and voice, video and data services.
$JNPR said its routing business has always depended on large deals across the telco and cloud verticals and therefore has always been lumpy. Routing is a flattish type of overall market opportunity for the company and $JNPR believes it can compete in this environment by taking modest market share with competitive products.
$JNPR stated that it was pleased with the performance in the Switching business in 1Q17. A big driver of this performance is in the data center and is mainly related to the deliberate focus strategy which applies to the large cloud providers and other verticals. $JNPR believes the Switching business will be a big growth driver in the long-term.
$JNPR, a provider of networking products, posted 11% growth in net revenues to $1.22Bil in 1Q17. This, in turn, lifted its net income to $108.8MM, or $0.28 per share, from $91.4MM, or $0.23 per share. On a non-GAAP basis, net income stood at $0.46 per share.
$JNPR said NEP The Netherlands is using $JNPR’s high-performance solutions to create the world's first IP multi-camera production platform for TV. $JNPR’s QFX Series switching technology was chosen by NEP to deliver innovative television services, including 4K video on demand, interactive split screen and 360-degree virtual reality.
$JNPR announced a new organizational structure with the appointment of Kevin Hutchins as new SVP, strategy and product line management. Additionally, Juniper's engineering organization will now report to chief development officer, Andy Athreya.
$JNPR reported a flat YoverY earnings of 197.4MM, or $0.51 per diluted share, in 4Q16. On a non-GAAP basis, the company's earnings rose 5% to $0.66 per diluted share. Net revenue for the quarter stood at $1.38Bil, an increase of 5% compared to last year.
$JNPR plans to acquire AppFormix, an innovator in cloud operations management, to bolster its cloud portfolio with machine learning and telemetry technology. The acquisition is expected to close in 4Q16, subject to customary closing conditions.