Core Insights - Juniper Research has identified SteelEye as the leading fintech future leader globally for 2025, highlighting its innovative approach in the regtech sector [1][3]. Fintech Future Leaders 100 - The report ranks 100 fintech start-ups based on total capital raised, product portfolio scope, and innovation levels [1][2]. - SteelEye leads the rankings in the regtech category, focusing on data integration for trade surveillance and detection of illegal practices [3]. Research Methodology - The assessment evaluates fintech start-ups across various sub-industries, providing insights into high-growth areas [2][4]. - The report includes a 'Future Leaders Index' for each sector, detailing individual company assessments and future market opportunities [4]. Industry Context - The report emphasizes the growing importance of regtech for banks, particularly in detecting practices like insider trading and market manipulation [3]. - Juniper Research has been providing market intelligence to the financial sector for two decades, serving leading banks and intermediaries [5].

Juniper Networks, Inc. (JNPR) reported relatively healthy third-quarter 2024 results, with both bottom and top lines beating the Zacks Consensus Estimate. However, the company recorded lower revenues year over year, owing to sluggish demand for Wide Area Networking, Campus and Branch solutions. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Strong growth in cloud orders, backed by rising investment in front and back-end AI networking and growing demand for Mist systems, partially ...

Core Insights - Juniper Networks reported revenue of $1.33 billion for Q3 2024, a decrease of 4.8% year-over-year, with EPS at $0.48 compared to $0.60 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.27 billion by 5.01%, and the EPS also surpassed the consensus estimate of $0.44 by 9.09% [1] Revenue Breakdown - Hardware Maintenance and Professional Services revenue was $403.90 million, slightly below the average estimate of $412.56 million, reflecting a year-over-year decline of 1.3% [3] - Campus and Branch revenue was $319.30 million, below the estimated $322.25 million, marking a significant year-over-year decrease of 16.5% [3] - Data Center revenue reached $244.60 million, exceeding the average estimate of $171.99 million, showing a substantial year-over-year increase of 43.9% [3] - Wide Area Networking revenue was $363.20 million, below the estimated $400.09 million, with a year-over-year decline of 16.7% [3] - Service revenue was $514.30 million, surpassing the average estimate of $488.90 million, with a year-over-year increase of 2.9% [3] - Product revenue was $816.70 million, slightly below the estimated $827.18 million, reflecting a year-over-year decline of 9.1% [3] - Service Provider revenue was $389 million, slightly above the average estimate of $383.78 million, with a year-over-year decline of 7.1% [3] - Enterprise revenue was $592.40 million, below the estimated $631.19 million, marking a year-over-year decrease of 16.5% [3] - Cloud revenue was $349.60 million, exceeding the average estimate of $265.62 million, with a year-over-year increase of 29.7% [3] Gross Margin Insights - Non-GAAP Gross margin for Service was $372.40 million, above the average estimate of $346.54 million [3] - Non-GAAP Gross margin for Product was $418.70 million, slightly below the average estimate of $437.02 million [3] Stock Performance - Juniper's shares returned +0.1% over the past month, compared to a +1% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]

Company Performance - Juniper Networks reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.44 per share, but down from $0.60 per share a year ago, indicating a 20% year-over-year decline [1] - The company achieved revenues of $1.33 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.01%, although this represents a decrease from year-ago revenues of $1.4 billion [2] - Over the last four quarters, Juniper has only surpassed consensus EPS estimates once, and has topped consensus revenue estimates just once as well [2] Stock Performance - Juniper shares have increased approximately 32.1% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $1.38 billion, and for the current fiscal year, it is $1.59 on revenues of $4.95 billion [7] - The outlook for the Wireless Equipment industry, in which Juniper operates, is currently in the bottom 37% of over 250 Zacks industries, which may impact stock performance [8]

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 September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to_________ | --- | --- | --- | |----------------------------------------------------------------|----------------------------------------------- ...

Financial Performance - Net revenues for Q3 2024 were $1,331.0 million, a decrease of 5% year-over-year, but an increase of 12% sequentially[3]. - GAAP net income was $92.6 million, representing a 22% increase year-over-year and a 172% increase sequentially, resulting in diluted net income per share of $0.28[4]. - Total net revenues for the three months ended September 30, 2024, were $1,331.0 million, a decrease of 4.7% compared to $1,397.8 million for the same period in 2023[18]. - Net income for the three months ended September 30, 2024, was $92.6 million, compared to $76.1 million in the same period last year, with diluted net income per share rising to $0.28 from $0.24[22]. - Net income for the nine months ended September 30, 2024, was $125.9 million, down from $185.9 million in the same period of 2023, representing a decrease of about 32.4%[36]. Revenue and Orders - Total product orders grew nearly 60% year-over-year, with strong demand particularly from cloud customers[5]. - The Americas region generated $844.1 million in revenues for the three months ended September 30, 2024, compared to $836.5 million in the previous year[21]. - The Cloud segment reported revenues of $349.6 million for the three months ended September 30, 2024, an increase from $269.6 million in the same period last year[20]. Operating Metrics - Non-GAAP operating margin was 15.0%, a decrease from 17.5% in Q3 2023, but an increase from 10.9% in Q2 2024[3]. - Operating income for the three months ended September 30, 2024, increased to $94.1 million, compared to $87.6 million for the same period in 2023, resulting in an operating margin of 7.1%[22]. - The company reported a non-GAAP operating income of $200.0 million for the three months ended September 30, 2024, compared to $129.7 million in the same period last year[22]. Cash Flow and Investments - Net cash flows provided by operations for Q3 2024 were $192.2 million, down from $329.2 million in Q3 2023[7]. - Cash flows from operating activities decreased to $508.3 million from $863.7 million, a decline of approximately 41.1%[36]. - Total cash, cash equivalents, and investments as of September 30, 2024, were $1,562.9 million, up from $1,418.0 million a year ago[6]. - Long-term investments rose significantly from $116.8 million to $331.2 million, an increase of about 184.5%[35]. Expenses - Research and development expenses for the three months ended September 30, 2024, were $290.6 million, slightly up from $288.5 million in the same period last year[18]. - Total operating expenses for the three months ended September 30, 2024, were $679.3 million, down from $722.8 million in the same period last year[18]. - Share-based compensation expense increased to $211.4 million from $197.6 million, an increase of approximately 6.4%[36]. Dividends and Stockholder Equity - A cash dividend of $0.22 per share has been declared, to be paid on December 23, 2024[9]. - Total stockholders' equity increased from $4,492.7 million to $4,642.7 million, an increase of approximately 3.3%[35]. Future Outlook and Guidance - The proposed merger with Hewlett Packard Enterprise is expected to close in late 2024 or early 2025, with an equity value of approximately $14 billion[2]. - Juniper Networks will not provide financial guidance for 2024 due to the pending transaction with HPE[10]. - The company anticipates continued focus on market expansion and new product development in the upcoming quarters[24]. Financial Adjustments and Transparency - The company plans to continue providing non-GAAP financial measures to enhance transparency and comparability for investors[26]. - The company excluded acquisition-related charges and other unique items from its non-GAAP financial measures to better reflect ongoing operations[28][30]. - The company reported a loss on privately-held investments of $13.1 million, down from $92.0 million in the previous year[36].

Group 1: Juniper Networks and Thai Airways Partnership - Thai Airways is upgrading its network infrastructure using Juniper's AI-Native Networking Platform to enhance efficiency and reliability [1] - The airline is the first in Thailand to deploy Wi-Fi 6E technology with Juniper's AP45 access points and EX Series Ethernet switches [2] - Mist AI technology is expected to reduce network-related trouble tickets by up to 90% through proactive issue resolution [3] Group 2: Operational Improvements and Future Plans - The Marvis Virtual Network Assistant helps Thai Airways' IT team quickly identify and resolve network issues, leading to a significant reduction in user complaints and operational time [4] - Thai Airways is considering expanding Juniper's solutions to its hubs at Thailand's major international airports, potentially increasing the scale of the network [5] Group 3: Juniper's Market Position and Growth - Juniper's AI-native networking solutions are gaining traction as companies focus on digital transformation, with notable implementations by JATCO Ltd. and Seoul Semiconductor [6][7] - The rising demand for Mist AI systems is expected to boost Juniper's revenues amid a network modernization trend [7] - Juniper is set to be acquired by Hewlett Packard Enterprise for approximately $14 billion, with the transaction expected to finalize in late 2024 or early 2025 [8] Group 4: Stock Performance - Juniper currently holds a Zacks Rank 3 (Hold), with shares gaining 48.7% over the past year, compared to the sub-industry's growth of 69.4% [9]

Core Viewpoint - Analysts project that Juniper Networks (JNPR) will report quarterly earnings of $0.44 per share, reflecting a 26.7% decline year over year, with revenues expected to reach $1.27 billion, down 9.3% from the same quarter last year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [2] Key Metrics Overview - Analysts estimate 'Net revenues- Hardware Maintenance and Professional Services' at $412.56 million, indicating a year-over-year change of +0.8% [4] - 'Net revenues- Campus and Branch' are projected at $322.25 million, reflecting a decline of 15.8% year over year [4] - 'Net revenues- Data Center' is expected to reach $171.99 million, showing a +1.2% change from the previous year [4] Revenue Projections - 'Net revenues- Wide Area Networking' is estimated at $400.09 million, down 8.3% from the prior year [5] - 'Revenue- Service' is projected to be $488.90 million, indicating a decline of 2.2% year over year [5] - 'Revenue- Product' is expected to reach $827.18 million, reflecting a year-over-year change of -7.9% [5] Additional Revenue Insights - 'Revenue- Service Provider' is forecasted at $383.78 million, down 8.4% year over year [6] - 'Revenue- Enterprise' is expected to be $631.19 million, indicating an 11% decline from the previous year [6] - 'Revenue- Cloud' is projected at $265.62 million, reflecting a -1.5% change year over year [6] Gross Margin Estimates - 'Non-GAAP Gross margin- Service' is expected to reach $346.54 million, compared to $363.70 million from the previous year [7] - 'Non-GAAP Gross margin- Product' is projected at $437.02 million, down from $468.60 million year over year [7] Stock Performance - Shares of Juniper have changed by +0.4% in the past month, compared to a +1.8% move of the Zacks S&P 500 composite, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [7]

Core Viewpoint - Juniper Networks, Inc. is expected to report lower revenues for Q3 2024 due to demand softness across several business segments, despite some positive developments in AI-driven networking solutions and partnerships [1][6]. Revenue Expectations - Total revenue for the September quarter is estimated at $1.27 billion, reflecting a decline from $1.4 billion in the same quarter last year [8]. - Revenue from the Cloud vertical is projected at $265.62 million, down from $269.6 million year-over-year [7]. - The Service Provider segment is expected to generate $383.78 million, a decrease from $418.8 million year-over-year [7]. - Enterprise business revenues are anticipated to be $631.19 million, down from $709.4 million year-over-year [7]. Earnings Estimates - The consensus estimate for adjusted earnings per share is 44 cents, a decline from 60 cents reported in the prior-year quarter [8]. - The Earnings ESP for Juniper is 0.00%, indicating no expected earnings beat this time [10]. Strategic Developments - Juniper has launched a multi-vendor lab under its Ops4AI initiative to enhance AI workload management and validate AI data center solutions [4]. - The company introduced new products, including AP47 access points and high-power EX series switches, to leverage Wi-Fi 7 capabilities [4]. - A partnership with Quantum Bridge Technologies aims to develop the first quantum-safe communication solution, which is expected to positively impact upcoming results [5]. Market Challenges - The company is facing declining demand trends and macroeconomic headwinds affecting customer spending [6]. - Intensifying competition in its served markets is likely to hinder top-line growth during the quarter [6].

Juniper Networks, Inc. (JNPR) recently announced that the Norwegian Broadcasting Corporation (“NRK”) will leverage the former’s state-of-the-art MPLS-based, automated Wide-Area Network (WAN) to transition to an IP-based network infrastructure. Being a state-owned radio and television broadcasting company in Norway, NRK serves approximately 90% of the population daily through its three national TV channels, 14 radio stations and various digital services. The network modernization initiatives were driven by t ...