|Bid||24.85 x 21500|
|Ask||0.00 x 1000|
|Day's Range||28.01 - 28.35|
|52 Week Range||23.61 - 30.29|
|PE Ratio (TTM)||45.11|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.72 (2.53%)|
|1y Target Est||26.55|
SUNNYVALE, Calif., July 19, 2018-- Juniper Networks, an industry leader in automated, scalable and secure networks, today announced the Company will present at the following investor conferences in August ...
Contrary to a story that began circulating late last week, Amazon (NASDAQ:AMZN) will not be making networking hardware that will compete with switches and routers made by Cisco Systems (NASDAQ:CSCO). Cisco stock — which was already sliding lower — had lost even more ground on the prospect, but it perked back up on Thursday when the e-commerce and cloud computing giant said the rumors simply weren’t true. In retrospect, investors should have been suspicious from the beginning.
Shares of Cisco Systems (CSCO) are up 44 cents, or 1%, to $42.65, after MarketWatch’s Jeremy Owens late yesterday reported that Cisco and Amazon.com (AMZN) have refuted speculation that Amazon is going to enter the networking-switch market in competition with Cisco. You’ll recall that Cisco shares took a sharp dive on Friday after TheInformation reported that Amazon was preparing to enter the networking market with products that would sharply undercut the offerings of Cisco and competitors Arista Networks (ANET) and Juniper Networks (JNPR).
Cisco Systems Inc. ( CSCO) shares were up 1.97% in pre-market trading after Amazon.com Inc. ( AMZN) denied reports that it plans to start selling its own network switches to other businesses. The networking hardware firm told MarketWatch on Wednesday that Amazon Web Services (AWS), Amazon’s on-demand cloud computing subsidiary, had agreed not to muscle in on its turf, out of respect for the longstanding relationship that exists between the two companies. “Cisco and AWS have a longstanding customer and partner relationship, and during a recent call between Cisco CEO Chuck Robbins and AWS CEO Andy Jassy, Andy confirmed that AWS is not actively building a commercial network switch,” a Cisco spokesman said.
Amazon (AMZN) recently announced that it might start selling its own switching devices through its cloud unit, Amazon Web Services (or AWS), which could help shift traffic onto its own servers. Reportedly, by building its own devices, AWS is planning to grab a slice of the $14 billion global market for the equipment. The news of Amazon entering into the equipment market and considering selling its own network switching devices has unnerved rival data networking companies including Cisco Systems (CSCO), Juniper (JNPR), Arista Networks (ANET), and F5 Networks, as AWS could sell its switches at a lower price than the switches from rivals.
Juniper’s (JNPR) stock has returned -2.3% in the last 12 months, 2.1% in the last month, and 4.7% in the last five days. Juniper stock rose 36% in 2016 and 2.3% in 2017. Since the start of 2018, it’s risen just over 1.4%. Peers Nokia (NOK), Juniper Ericsson (ERIC), and Cisco (CSCO) have returned 31.5%, 18%, and 16.5%, respectively, since the start of 2018.
Juniper Networks (JNPR), an industry leader in automated, scalable and secure networks, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the 2018 Magic Quadrant for Data Center Networking. “We believe that being recognized by Gartner as a Leader in the Magic Quadrant for Data Center Networking is a testament to the success of Juniper Networks’ vision and strategy. To us, our relentless focus on engineering simplicity is resonating with our customers, partners and analysts alike,” said Rami Rahim, CEO of Juniper Networks.
The Street is mulling Friday's story by TheInformation saying that Amazon.com’s (AMZN) Amazon Web Services unit is “considering selling its own networking switches for business customers,” in competition with Cisco Systems (CSCO), Juniper Networks (JNPR), Arista Networks (ANET) and others. There’s some debate today about how serious this move by Amazon, if true, would actually be. Arista and Cisco shares are actually bouncing back from Friday’s sell-off, with Arista up $6.13, or 2%, to $272.62, and Cisco up 90 cents, or 2%, to $42.68.
Juniper Networks (JNPR) expected market-cap-to-revenue ratios of 2.06x for 2018 and 2.00x for 2019. The company’s EV-to-revenue (enterprise-value-to-revenue) ratio is expected to be 1.76x in 2018 and 1.68x in 2019, while its EV-to-EBITDA ratio is expected to be 7.99x in 2018 and 7.23x in 2019.
Verizon's (VZ) continuous deployment of latest 4G LTE Advanced technologies enables customers to experience faster peak data speeds and capacity.
Juniper’s (JNPR) Strategic Enterprise revenue in 2017 rose 4% YoY (year-over-year) to $1.4 billion after it fell 5% in fiscal 2016 to $1.34 billion. Juniper is looking to gain traction in Strategic Enterprise during fiscal 2018. This vertical reported double-digit growth sequentially in Q4 2017 driven by healthy demand in enterprise switching coupled with momentum in network security.
Juniper Networks’ (JNPR) business verticals include cloud, telecom/cable, and strategic enterprise. Juniper’s PTX Series is the industry’s first supercore packet system that delivers capabilities for Converged Supercore.
On Friday afternoon, The Information reported that Amazon Web Services (AWS), which has long been using internally-designed networking gear in its own data centers, is thinking about selling its own data center switches to businesses. The site adds that Amazon expects to launch the switches within 18 months, and could price them at a 70% to 80% discount relative to comparable Cisco hardware.
Juniper (JNPR) stock has risen over 15% since it announced its first-quarter results on May 1. Juniper beat analysts’ earnings estimate by 7.70% in the first quarter, which could have contributed to the stock’s rise. Analysts expect Juniper’s stock price to decline over the next 12 months with an average 12-month price target estimate of $26.39, as the company continues to be affected by decreasing revenue in its cloud vertical.
Juniper (JNPR) is expected to report its second-quarter results on July 26. Analysts expect the company to post revenue of $1.18 billion in the second quarter, a fall of 9.9% YoY (year-over-year) compared to its revenue of $1.31 billion in the second quarter of 2017. The company’s non-GAAP (generally accepted accounting principles) EPS are expected to be $0.44 in the second quarter, a fall of 23% YoY compared to its EPS of $0.57 in the second quarter of 2017.
Shares of data networking companies including Cisco Systems Inc. tumbled after a report that Amazon.com Inc.’s cloud unit may begin selling its own switching devices. Amazon Web Service’s plan to enter the $14 billion global market for the equipment that helps shepherd traffic around networks, signals the company may become more entrenched in the enterprise computing marketplace, The Information reported, citing a person with knowledge of the discussions. It would pose a formidable challenge to existing players including Juniper Networks Inc. and Arista Networks Inc. because AWS would price the so-called white-box switches from 70 percent and 80 percent less than compatible ones from Cisco, the news site reported.
Large networking companies like Cisco Systems Inc. (csco) Arista Networks Inc. (anet) and Juniper Networks Inc. (jnpr) were hit in Friday trading by a monster that has already rampaged through other sectors: Fear that Amazon.com Inc. (amzn) will make a challenge. The Information reported Friday that Amazon is considering selling its own network switches with built-in connections to its Amazon Web Services cloud-computing offerings. The generic networking equipment would be based on open-source software and sourced from "white box" manufacturers, which would likely make the product much cheaper than offerings from the larger networking companies.
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Harris (HRS) has been in a partnership with the National Geospatial-Intelligence Agency for more than 20 years, providing automated geospatial data processing.