Company Performance - Juniper Networks (JNPR) closed at $37.18, reflecting a +0.13% change from the previous day, underperforming the S&P 500's gain of 0.15% [1] - Over the past month, JNPR shares increased by 0.35%, lagging behind the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65% [1] - The upcoming earnings report is scheduled for April 25, 2024, with projected EPS of $0.39, indicating an 18.75% decline year-over-year, and expected revenue of $1.23 billion, down 10.33% from the prior year quarter [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of $2.22 per share and revenue of $5.38 billion, reflecting changes of -1.77% and -3.24% respectively from the previous year [2] - Recent adjustments to analyst estimates for Juniper Networks may indicate shifting business dynamics, with positive revisions suggesting analyst optimism about the company's profitability [2] Valuation Metrics - Juniper Networks has a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate decreasing by 0.12% over the last 30 days [3] - The company has a Forward P/E ratio of 16.73, which is higher than the industry average Forward P/E of 14.53 [3] - JNPR's PEG ratio stands at 4.7, compared to the Wireless Equipment industry's average PEG ratio of 1.44 [3] Industry Context - The Wireless Equipment industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 210, placing it in the bottom 17% of over 250 industries [4] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Investors with an interest in Wireless Equipment stocks have likely encountered both Nokia (NOK) and Juniper Networks (JNPR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision tr ...

SUNNYVALE, Calif.--(BUSINESS WIRE)--Juniper Networks (NYSE: JNPR), a leader in secure AI-Native Networking, today announced that Gartner, Inc. has named it a Leader in the 2024 Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure for the fourth time in a row. In the latest iteration of this Magic Quadrant, for the third time straight, Juniper is also positioned furthest in “Completeness of Vision,” a Gartner rating criterion that reflects innovation, and evaluates vendors on their ability to ...

It has been about a month since the last earnings report for Juniper Networks (JNPR) . Shares have added about 0.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Juniper due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Juniper Q4 Earnings Miss Estimates, Top Li ...

SUNNYVALE, Calif.--(BUSINESS WIRE)--Juniper Networks (NYSE: JNPR), a leader in secure, AI-Native networks, today announced the Company will present at the following upcoming investor event: Sujai Hajela, Executive Vice President, AI-Driven Enterprise at Juniper Networks, will host a Juniper Mist™ AI for Data Center Tech Talk, Wednesday, March 13, 2024 at 11:00 – 12:00 pm PT. This event will be available live via webcast on the Juniper Networks website: http://investor.juniper.net/. About Juniper Networ ...

Core Insights - Juniper Networks is providing KK Networks with a scalable and resilient Cloud Metro network to enhance internet access and quality for residential users in Pakistan [1][2] - KK Networks has experienced a four-fold increase in its user base in Lahore over two years, now serving 140,000 residential customers [2][3] - The new Cloud Metro infrastructure aims to improve internet performance, reduce congestion, and support high-performance internet services for both residential and business customers [3][4] Company Developments - KK Networks has upgraded its data centers with advanced automation software and high-performance platforms from Juniper to optimize network operations [2] - The deployment of Juniper's Cloud Metro solution is expected to enhance KKN's operational efficiency and sustainability, allowing for affordable broadband services [4][5] - KKN's new network has achieved 99.9% uptime, providing reliable connectivity across 14 regions in Lahore [6] Industry Context - Approximately half of Pakistan's 230 million population lacks access to broadband internet, highlighting the significant market opportunity for KKN [4] - The transition from traditional metro networks to Juniper's Cloud Metro infrastructure represents a shift towards more sustainable and scalable digital services in the region [7][8] - Juniper Networks emphasizes the importance of AI-driven solutions in enhancing connectivity and operational reliability across various network environments [8]

SEOUL, South Korea & SUNNYVALE, Calif. & ALAMEDA, Calif.--(BUSINESS WIRE)--Samsung Electronics Co., Ltd., Juniper Networks® (NYSE:JNPR) and Wind River® have collaborated on a virtual cell site router (vCSR) to allow service providers to operate their networks with end-to-end virtualization. This software-based network ensures more flexibility, agility, sustainability and faster time-to-market (TTM) for the introduction of new services. vCSR is part of a new architecture in which the distributed unit and CS ...

Part I [Business](index=5&type=section&id=ITEM%201.%20Business) Juniper Networks delivers cloud-driven, AI-native networking solutions across Enterprise, Cloud, and Service Provider verticals, focusing on "Experience-First Networking" * Juniper's core strategy is "Experience-First Networking," which aims to simplify operations and deliver a superior network experience through cloud-driven, AI-native technology[14](index=14&type=chunk)[20](index=20&type=chunk) * The company categorizes its customers into three main verticals: Enterprise, Cloud, and Service Provider[16](index=16&type=chunk) * As of December 31, 2023, the company employed **11,144 people** worldwide, with significant teams in R&D (**4,310**), Sales and Marketing (**3,374**), and Customer Service (**2,092**)[110](index=110&type=chunk)[75](index=75&type=chunk)[78](index=78&type=chunk) Product Backlog | Date | Product Backlog (approx.) | | :--- | :--- | | Dec 31, 2023 | $569 million | | Dec 31, 2022 | $2,019 million | [Strategy and Solutions](index=6&type=section&id=ITEM%201.%20Business%23Strategy%20and%20Solutions) Juniper's strategy focuses on "Experience-First Networking" through product innovation and unified AIOps across WAN, Enterprise, and Data Center solutions * Automated WAN Solutions focus on high-performance IP transport, targeting growth in 400G/800G adoption and metro/edge architectures, including ACX, MX, and PTX series routers[23](index=23&type=chunk)[28](index=28&type=chunk) * AI-Driven Enterprise solutions leverage Mist AI to simplify operations and optimize user experiences across wireless, wired, and SD-WAN domains, with products like Juniper Access Points and EX Series switches[30](index=30&type=chunk)[31](index=31&type=chunk)[33](index=33&type=chunk) * Cloud-Ready Data Center solutions address hybrid cloud growth and emerging AI workloads, featuring QFX Series switches and Juniper Apstra for intent-based automation[37](index=37&type=chunk)[38](index=38&type=chunk)[46](index=46&type=chunk) * The company's security portfolio, Juniper Connected Security, includes SRX Series gateways, vSRX virtual firewalls, and Advanced Threat Prevention (ATP) services[49](index=49&type=chunk)[53](index=53&type=chunk)[60](index=60&type=chunk) [Customer Verticals](index=13&type=section&id=ITEM%201.%20Business%23Customer%20Verticals) Juniper serves Enterprise, Cloud, and Service Provider verticals, with no single customer exceeding 10% of net revenues in recent fiscal years * Enterprise customers require high-performance, reliable networks for data centers, branch, and campus applications, increasingly adopting cloud and AI-driven architectures[63](index=63&type=chunk)[64](index=64&type=chunk) * Cloud providers are a key vertical, investing in high-performance, power-efficient infrastructure to support business growth and the adoption of new technologies like 400GbE and 800GbE[66](index=66&type=chunk)[67](index=67&type=chunk) * Service Providers are transforming their legacy infrastructure to distributed cloud environments to handle growth in mobile traffic and support new services like 5G and IoT[71](index=71&type=chunk)[73](index=73&type=chunk) * No single customer represented **10% or more** of net revenues in 2023, 2022, or 2021[74](index=74&type=chunk) [Operations and Competition](index=16&type=section&id=ITEM%201.%20Business%23Operations%20and%20Competition) Juniper outsources manufacturing globally and faces intense competition in the rapidly evolving network infrastructure market * Manufacturing is primarily outsourced to contract and original design manufacturers in several countries, which provides flexibility and reduces fixed overhead[83](index=83&type=chunk)[85](index=85&type=chunk) * The company's product backlog decreased significantly from approximately **$2,019 million** at the end of 2022 to **$569 million** at the end of 2023, as supply chain constraints diminished[90](index=90&type=chunk) * Key competitors include Cisco, Arista Networks, Ciena, HPE, Huawei, and Nokia in the broader networking space, and specialized firms like Palo Alto Networks and Fortinet in security[93](index=93&type=chunk)[95](index=95&type=chunk) [Human Capital and Executive Officers](index=21&type=section&id=ITEM%201.%20Business%23Human%20Capital%20and%20Executive%20Officers) Juniper had 11,144 employees as of December 31, 2023, guided by "The Juniper Way" with a focus on inclusion, development, and wellness * As of December 31, 2023, the company had **11,144 employees**, with the largest concentrations in the Americas and APAC regions[110](index=110&type=chunk) * Juniper's human capital strategy focuses on creating an inclusive and diverse community, with programs for leadership development, employee engagement (Talent Matters), and wellness (e.g., quarterly Wellness Days)[114](index=114&type=chunk)[117](index=117&type=chunk)[122](index=122&type=chunk) * The company was recognized as a Great Place to Work in several countries and as one of Ethisphere's World's Most Ethical Companies in 2023[111](index=111&type=chunk) Executive Officers | Name | Age | Position | | :--- | :--- | :--- | | Rami Rahim | 53 | Chief Executive Officer and Director | | Manoj Leelanivas | 54 | Executive Vice President, Chief Operating Officer | | Robert Mobassaly | 45 | Senior Vice President, General Counsel and Secretary | | Kenneth B. Miller | 52 | Executive Vice President, Chief Financial Officer | | Thomas A. Austin | 56 | Group Vice President, Chief Accounting Officer | | Christopher Kaddaras | 53 | Executive Vice President, Chief Revenue Officer | [Risk Factors](index=25&type=section&id=ITEM%201A.%20Risk%20Factors) The company faces significant risks from its pending merger with HPE, unpredictable business results, intense competition, supply chain dependencies, cybersecurity threats, and evolving regulations * The pending merger with HPE, announced on January 9, 2024, presents significant risks, including potential business disruption, diversion of management attention, and uncertainty regarding its completion, which is subject to regulatory and stockholder approval[140](index=140&type=chunk)[141](index=141&type=chunk) * The company's product backlog, which has decreased significantly, may not be an accurate indicator of future revenues as customer buying patterns normalize post-supply chain constraints[156](index=156&type=chunk) * Dependence on contract manufacturers and single-source suppliers, particularly for semiconductors, poses significant operational risks, including supply shortfalls, delays, and increased costs[181](index=181&type=chunk)[182](index=182&type=chunk) * Cybersecurity risks are a major concern, with potential for system breaches, data theft, and reputational harm from malicious actors; the company also faces risks from AI development and use[185](index=185&type=chunk)[170](index=170&type=chunk) * The company is subject to complex and evolving international trade regulations, including U.S. export controls on encryption technology and sanctions, which could negatively affect revenues and operations[210](index=210&type=chunk) [Unresolved Staff Comments](index=45&type=section&id=ITEM%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments * Not applicable [Cybersecurity](index=46&type=section&id=ITEM%201C.%20Cybersecurity) Juniper maintains a comprehensive cybersecurity risk management program with Board oversight, regular assessments, and third-party risk management * The company's cybersecurity risk management and strategy includes regular assessments, penetration testing, and monitoring to identify and manage material risks from cyber threats[238](index=238&type=chunk)[239](index=239&type=chunk) * Cybersecurity governance involves oversight from the full Board of Directors, with the Audit Committee designated to regularly review cybersecurity threat risks and incidents[246](index=246&type=chunk)[247](index=247&type=chunk) * The Chief Information Officer (CIO) and Chief Information Security Officer (CISO) are responsible for overseeing the cybersecurity program and provide quarterly updates to the Audit Committee[248](index=248&type=chunk)[250](index=250&type=chunk) * The company manages risks associated with third-party service providers through diligence, monitoring, and contractual obligations for cybersecurity management[243](index=243&type=chunk) [Properties](index=50&type=section&id=ITEM%202.%20Properties) Juniper's corporate headquarters are in Sunnyvale, California, supplemented by leased facilities globally, all deemed adequate for current operations * Corporate headquarters are located at an owned site in Sunnyvale, California[253](index=253&type=chunk) * The company leases additional office and facility space in the U.S. and internationally[253](index=253&type=chunk) [Legal Proceedings](index=50&type=section&id=ITEM%203.%20Legal%20Proceedings) Legal proceedings information is referenced from financial statements, with management not expecting a material adverse effect on financial position * This section incorporates information by reference from Note 14 of the financial statements[254](index=254&type=chunk) * The company is involved in various investigations, disputes, and litigation; while outcomes are uncertain, management currently believes these are not likely to have a material adverse effect on its financial position[583](index=583&type=chunk) [Mine Safety Disclosures](index=50&type=section&id=ITEM%204.%20Mine%20Safety%20Disclosures) The company reports that this item is not applicable * Not applicable Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=51&type=section&id=ITEM%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Juniper's common stock trades on NYSE (JNPR), with a dividend program and remaining share repurchase authorization, while its five-year return lags S&P 500 * The company's common stock is traded on the New York Stock Exchange under the symbol JNPR[258](index=258&type=chunk) * No share repurchases were made in the three months ended December 31, 2023; approximately **$0.2 billion** remained authorized under the 2018 Stock Repurchase Program as of year-end[261](index=261&type=chunk) Five-Year Cumulative Total Stockholder Return | Index | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **JNPR** | $100.00 | $94.37 | $89.29 | $145.88 | $134.09 | $127.40 | | **S&P 500** | $100.00 | $131.47 | $155.65 | $200.29 | $163.98 | $207.04 | | **NASDAQ Telecommunications Index** | $100.00 | $113.65 | $141.14 | $149.82 | $113.74 | $130.05 | [Reserved](index=53&type=section&id=ITEM%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=53&type=section&id=ITEM%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) FY2023 net revenues grew 5% to $5.56 billion, driven by Enterprise, while net income decreased 34% to $310.2 million, with a pending HPE acquisition * On January 9, 2024, Juniper entered into a merger agreement to be acquired by Hewlett Packard Enterprise (HPE) for **$40.00 per share** in cash, an equity value of approximately **$14 billion**; the deal is expected to close in late 2024 or early 2025[267](index=267&type=chunk)[586](index=586&type=chunk) FY2023 vs. FY2022 Financial Highlights (in millions, except percentages) | Metric | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | Net Revenues | $5,564.5 | $5,301.2 | 5% | | Gross Margin % | 57.5% | 55.8% | +1.7 p.p. | | Operating Income | $470.1 | $519.1 | (9)% | | Net Income | $310.2 | $471.0 | (34)% | | Diluted EPS | $0.95 | $1.43 | (34)% | | Operating Cash Flows | $872.8 | $97.6 | 794% | * The increase in net revenues was driven by a **27% growth** in the Enterprise vertical, which offset declines of **17%** in Cloud and **3%** in Service Provider verticals[286](index=286&type=chunk) * Operating cash flow increased significantly to **$872.8 million** in 2023 from **$97.6 million** in 2022, primarily due to improvements in working capital[271](index=271&type=chunk)[273](index=273&type=chunk) * As supply chain constraints eased in 2023, elevated product orders from prior periods declined; the company expects its backlog to normalize in 2024 as customers consume these advance orders[275](index=275&type=chunk)[276](index=276&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=ITEM%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rates, foreign currency, and equity prices, managed through swaps and forward contracts * The company's primary market risks are interest rate risk on its investment portfolio and debt, foreign currency risk on international operating expenses, and equity price risk on investments in privately-held companies[322](index=322&type=chunk)[325](index=325&type=chunk)[330](index=330&type=chunk) * Juniper uses interest rate swap contracts with a notional amount of **$600.0 million** to hedge against interest rate risk on its debt, converting certain fixed-rate notes to floating rates based on SOFR[324](index=324&type=chunk) * Foreign currency forward contracts are used to hedge forecasted transactions and mitigate variability from the re-measurement of monetary assets and liabilities in non-functional currencies[325](index=325&type=chunk)[326](index=326&type=chunk) * As of December 31, 2023, investments in privately-held companies had a carrying value of **$121.9 million**, which are considered inherently risky[330](index=330&type=chunk) [Financial Statements and Supplementary Data](index=67&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited consolidated financial statements for 2021-2023, including operations, balance sheets, cash flows, and detailed notes, with an unqualified auditor's opinion [Consolidated Statements of Operations](index=73&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data%23Consolidated%20Statements%20of%20Operations) FY2023 net revenues increased to $5,564.5 million, while operating income decreased to $470.1 million and net income fell to $310.2 million Consolidated Statement of Operations Highlights (in millions) | Line Item | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Total net revenues | $5,564.5 | $5,301.2 | $4,735.4 | | Gross margin | $3,201.9 | $2,958.3 | $2,740.1 | | Operating income | $470.1 | $519.1 | $387.5 | | Net income | $310.2 | $471.0 | $252.7 | [Consolidated Balance Sheets](index=75&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data%23Consolidated%20Balance%20Sheets) As of December 31, 2023, total assets were $9,518.5 million, with liabilities at $5,025.8 million and stable stockholders' equity Consolidated Balance Sheet Highlights (in millions) | Line Item | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $1,068.1 | $880.1 | | Inventory | $952.4 | $619.4 | | Total Assets | $9,518.5 | $9,326.7 | | Long-term debt | $1,616.8 | $1,601.3 | | Total Liabilities | $5,025.8 | $4,851.6 | | Total Stockholders' Equity | $4,492.7 | $4,475.1 | [Consolidated Statements of Cash Flows](index=76&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data%23Consolidated%20Statements%20of%20Cash%20Flows) FY2023 operating cash flow significantly increased to $872.8 million, while financing activities used $618.8 million, primarily for repurchases and dividends Consolidated Statement of Cash Flows Highlights (in millions) | Line Item | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Net cash provided by operating activities | $872.8 | $97.6 | $689.7 | | Net cash provided by (used in) investing activities | $(67.6) | $407.5 | $13.8 | | Net cash used in financing activities | $(618.8) | $(528.4) | $(1,131.7) | | Net increase (decrease) in cash | $186.6 | $(45.0) | $(440.3) | [Notes to Consolidated Financial Statements](index=79&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data%23Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, financial components including $1.3B cash, $3.8B goodwill, $1.7B debt, $98M restructuring, and $1.3B purchase commitments * In Q3 2023, the company initiated a restructuring plan, incurring **$98.0 million** in total restructuring charges for the year, primarily for employee severance, facility exits, and asset impairments[497](index=497&type=chunk)[498](index=498&type=chunk) * As of Dec 31, 2023, the company had **$1,700.0 million** in aggregate principal of outstanding senior notes with maturities ranging from 2025 to 2041[507](index=507&type=chunk) * During FY2023, the company repurchased **13.1 million shares** for **$385.0 million** and paid cash dividends of **$0.88 per share**, totaling **$280.8 million**[520](index=520&type=chunk)[521](index=521&type=chunk)[523](index=523&type=chunk) * As of Dec 31, 2023, the company had purchase commitments of **$1,291.6 million**, primarily with contract manufacturers and suppliers, with **$989.5 million** payable within 12 months[573](index=573&type=chunk) [Controls and Procedures](index=121&type=section&id=ITEM%209A.%20Controls%20and%20Procedures) Management and auditors concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023 * Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2023[589](index=589&type=chunk) * Management assessed internal control over financial reporting as effective as of December 31, 2023, based on the COSO 2013 framework[594](index=594&type=chunk) * Ernst & Young LLP, the independent registered public accounting firm, provided an unqualified opinion on the effectiveness of the company's internal control over financial reporting[595](index=595&type=chunk) [Other Information](index=122&type=section&id=ITEM%209B.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during Q4 2023 * No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement during the fourth quarter of 2023[596](index=596&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=123&type=section&id=ITEM%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2024 Proxy Statement * Information required by this item is incorporated by reference from the registrant's definitive proxy statement for the 2024 Annual Meeting of Stockholders[600](index=600&type=chunk)[602](index=602&type=chunk) [Executive Compensation](index=123&type=section&id=ITEM%2011.%20Executive%20Compensation) Executive compensation details, including director and executive pay, are incorporated by reference from the 2024 Proxy Statement * Information required by this item is incorporated by reference from the registrant's definitive proxy statement for the 2024 Annual Meeting of Stockholders[603](index=603&type=chunk)[604](index=604&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=123&type=section&id=ITEM%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership and equity compensation plan details are incorporated by reference from the 2024 Proxy Statement * Information required by this item is incorporated by reference from the registrant's definitive proxy statement for the 2024 Annual Meeting of Stockholders[605](index=605&type=chunk)[606](index=606&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=123&type=section&id=ITEM%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related party transactions and director independence is incorporated by reference from the 2024 Proxy Statement * Information required by this item is incorporated by reference from the registrant's definitive proxy statement for the 2024 Annual Meeting of Stockholders[607](index=607&type=chunk) [Principal Accountant Fees and Services](index=123&type=section&id=ITEM%2014.%20Principal%20Accountant%20Fees%20and%20Services) Principal accountant fees and services, including audit committee pre-approval policies, are incorporated by reference from the 2024 Proxy Statement * Information required by this item is incorporated by reference from the registrant's definitive proxy statement for the 2024 Annual Meeting of Stockholders[608](index=608&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=124&type=section&id=ITEM%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all documents filed as part of the Form 10-K, including financial statements, schedules, and various exhibits Schedule II - Valuation and Qualifying Accounts (in millions) | Description | Beginning Balance (2023) | Additions/(Deductions) | Ending Balance (2023) | | :--- | :--- | :--- | :--- | | Allowance for Doubtful Accounts | $12.0 | $(0.8) | $11.2 | | Sales Return Reserve | $43.0 | $(2.0) | $41.0 | | Excess and Obsolete Inventory Reserve | $211.7 | $108.2 | $319.9 | | Contract Manufacturer Liabilities | $21.5 | $14.5 | $36.0 | [Form 10-K Summary](index=126&type=section&id=ITEM%2016.%20Form%2010-K%20Summary) The company reports that this item is not applicable * Not applicable

Juniper Networks, Inc. (JNPR) reported soft fourth-quarter 2023 results, with both the bottom and top lines missing the respective Zacks Consensus Estimate. The company recorded lower revenues year over year, owing to sluggish demand for Cloud Ready Data Center and Automated WAN Solutions. However, increasing SaaS subscriptions and healthy demand for hardware maintenance and professional services partially cushioned the top line. The company’s Annual Recurring Revenue grew 30% year over year to $384 million ...

For the quarter ended December 2023, Juniper Networks (JNPR) reported revenue of $1.36 billion, down 5.8% over the same period last year. EPS came in at $0.61, compared to $0.65 in the year-ago quarter.The reported revenue represents a surprise of -2.97% over the Zacks Consensus Estimate of $1.41 billion. With the consensus EPS estimate being $0.64, the EPS surprise was -4.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...