Financial Data and Key Metrics Changes - Revenue for Q3 2020 was $1.138 billion, exceeding the midpoint of guidance and showing year-over-year growth for the first time this year [24][25] - Non-GAAP earnings per share were $0.43, in line with the midpoint of guidance [24] - Non-GAAP gross margins were 59.0%, slightly below expectations due to product mix and elevated logistics costs related to COVID-19 [26] Business Line Data and Key Metrics Changes - Service Provider revenue grew 5% year-over-year, marking the first year-over-year growth in 13 quarters [25][16] - Enterprise business experienced double-digit order growth year-over-year, with slight year-over-year revenue growth [12][25] - Cloud revenue declined 7% year-over-year, attributed to lumpiness following five consecutive quarters of growth [25][18] Market Data and Key Metrics Changes - Strong order growth was noted in the North American enterprise and U.S. federal verticals, offsetting weakness in Europe [12] - The service provider segment benefited from diversification across customers, products, and geographies, particularly with U.S. cable customers and Tier 2 and Tier 3 carriers internationally [16][17] - The cloud business backlog remains healthy, with favorable spending outlook from hyperscale and Tier 2 customers [18][19] Company Strategy and Development Direction - The company is focusing on AI-driven enterprise, automated WAN solutions, and cloud-ready data centers to capitalize on market opportunities [10][11] - Investments in go-to-market strategies and acquisitions, such as Mist Systems and 128 Technology, are aimed at enhancing product offerings and market share [15][10] - The company aims to return to organic revenue growth in 2021, with expectations of nearly a point of additional growth from the acquisition of 128 Technology [30][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow organically in 2021, assuming no further economic deterioration due to COVID-19 [30][66] - The company anticipates a gradual reduction in COVID-19 related costs throughout 2021, with expectations for improved gross margins driven by increased volume and software sales [31][30] - Management remains optimistic about the service provider segment's stabilization and potential for future growth through diversification strategies [68][69] Other Important Information - The company paid $66 million in dividends and repurchased $100 million worth of shares in Q3 2020 [27] - Non-GAAP operating expenses were down 2% year-over-year, benefiting from COVID-19 related savings [26][27] Q&A Session Summary Question: What is the outlook for switching and macro conditions? - Management clarified that data center switching momentum is strong, and the decline in overall switching revenue is due to large hyperscaler deployment dynamics [35] - On macro conditions, management remains encouraged by order strength across verticals despite potential second-wave shutdowns in Europe [36] Question: What is the status of the ACX pipeline and higher-speed MPC line card upgrades? - Management indicated that the ACX product has early momentum, with expectations for more significant progress in the second half of next year [41] - The MPC line card upgrade process is largely complete, with revenue ramp expected to continue [42] Question: How is pricing and competitive dynamics in the service provider and cloud markets? - Pricing remains competitive with no material changes noted, while management is confident in their competitive differentiation, particularly in the AI-driven enterprise space [46][48] Question: What is the outlook for organic growth in 2021? - Management expects low single-digit organic growth, driven by share gains rather than macro improvements [66][83] Question: How does disaggregation impact the competitive landscape? - Management views disaggregation as an opportunity rather than a threat, having already invested in disaggregated operating systems and seeing robust interest in certain components [85][86]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to_________ Commission file number: 001-34501 JUNIPER NETWORKS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Juniper Networks, Inc. (NYSE:JNPR) Q2 2020 Results Earnings Conference Call July 28, 2020 5:00 PM ET Company Participants Jess Lubert - Vice President, Head of Investor Relations Rami Rahim - Chief Executive Officer Ken Miller - Executive Vice President, Chief Financial Officer Conference Call Participants Rod Hall - Goldman Sachs Tim Long - Barclays Alex Henderson - Needham Ittai Kidron - Oppenheimer George Notter - Jefferies Samik Chatterjee - JPMorgan Tal Liani - Bank of America Simon Leopold - Raymond J ...

Juniper Networks, Inc. (NYSE:JNPR) 5G Forum Summary Industry Overview - The discussion centers around the 5G telecommunications industry and Juniper Networks' role within it, particularly in the context of ongoing developments and strategic partnerships in the sector [1][3]. Core Insights and Arguments - **5G Momentum**: There is a clear indication that momentum for 5G is building, even amidst the COVID-19 pandemic, highlighting the strategic importance of network investments [4][6]. - **Spectrum Auctions**: Upcoming spectrum auctions, including the CBRS auction and mid-band auction, are seen as positive indicators for 5G deployment [5][6]. - **Government Engagement**: Increased government engagement in 5G initiatives, such as the Open RAN bill in the U.S. and similar efforts in Europe, is noted as a positive development [5][6]. - **5G Architecture**: The transition to a fully software-based architecture is emphasized, with a focus on virtualizing services and separating control and user planes, which presents significant opportunities for Juniper [8][9]. - **Capacity Expansion**: The expectation of capacity expansion in the IP Edge and core networks is projected to take effect in 2021-2022, driven by radio upgrades and densification [10][11]. - **TAM Expansion**: The transition to 5G is expected to create a significant Total Addressable Market (TAM) expansion opportunity for Juniper, particularly in areas like Metro and fiber densification [10][11][12]. - **Standalone 5G**: The shift from non-standalone to fully standalone 5G infrastructure is anticipated to drive increased demand for bandwidth and new applications [15][16]. Strategic Partnerships - **StarCraft Partnership**: Juniper's collaboration with StarCraft is aimed at enhancing edge computing capabilities and providing a cloud-agnostic solution for carriers, which is crucial for the telco cloud transition [17][19][22]. - **Ericsson Collaboration**: Juniper has a longstanding partnership with Ericsson, which has been deepened to focus on 5G, resulting in joint customer wins and a collaborative access and aggregation portfolio [26][27]. Diversification and Market Strategy - **Service Provider Focus**: Juniper is diversifying its market focus within the service provider space, aiming to expand its presence in Tier 2 and Tier 3 markets while leveraging its strengths in routing and data center solutions [28][30]. - **SD-WAN Adoption**: The company sees significant opportunities in SD-WAN adoption among telecom service providers, particularly as managed service provider-led deployments are increasing [31][34]. Additional Insights - **Automation and Security**: The transition to 5G will require more automation and enhanced security measures due to increased ingress and egress points in the network [11][36]. - **Investment Priorities**: Juniper's investment priorities remain focused on virtualizing network services, telco cloud, automation, and security, with a concerted effort to engage Tier 2 and Tier 3 service providers [36]. This summary encapsulates the key points discussed during the Juniper Networks session at the Wells Fargo 5G Forum, highlighting the company's strategic positioning and outlook in the evolving 5G landscape.

Juniper Networks, Inc. (NYSE:JNPR) Credit Suisse Technology Conference June 3, 2020 12:15 PM ET Executives Ken Miller - Chief Financial Officer Manoj Leelanivas - Executive Vice President, Chief Product Officer Analysts Tal Liani - Bank of America Merrill Lynch Tal Liani Hi. Great afternoon. Thank you very much for joining us. Now, the next speaker we are going to talk with, Ken Miller, the CFO of Juniper, which I have prepared a long list of questions. Hopefully I can cover them all. As you know, I have be ...

Juniper Networks, Inc. (NYSE:JNPR) 48th Annual Cowen and Company 2020 Virtual Technology, Media & Telecom Conference May 28, 2020 1:50 PM ET Company Participants Rami Rahim - Chief Executive Officer Jess Lubert - Head of Investor Relations Conference Call Participants Paul Silverstein - Cowen & Company Paul Silverstein Good afternoon everyone. It's Paul Silverstein, Senior Analyst, Networking and Communications Equipment at Cowen. It is my pleasure to have with us Juniper Networks' CEO, Rami Rahim; and Head ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to_________ Commission file number: 001-34501 JUNIPER NETWORKS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Juniper Networks, Inc. (NYSE:JNPR) Q1 2020 Earnings Conference Call April 28, 2020 5:00 PM ET CompanyParticipants Jess Lubert - Vice President, Investor Relations Rami Rahim - CEO Ken Miller - EVP, Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Paul Silverstein - Cowen Ittai Kidron - Oppenheimer & Company Tal Liani - Bank of America Tim Long - Barclays Alex Henderson - Needham Rod Hall - Goldman Sachs Meta Marshall - Morgan Stanley Amit Daryana ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to____________ Commission file number 001-34501 JUNIPER NETWORKS, INC. (Exact name of registrant as specified in its charter) Delaware 77-0422528 (State ...

Juniper Networks, Inc. (NYSE:JNPR) Q4 2019 Earnings Conference Call January 27, 2020 5:00 PM ET Company Participants Jess Lubert - Vice President, Investor Relations Rami Rahim - Chief Executive Officer Ken Miller - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer & Company Amit Daryanani - Evercore Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Aaron Rakers - Wells Fargo Jeff Kvaal - Nomura Alex Henderson - Needham Ashwin Kesireddy - Goldman Sachs Meta Marshall - M ...