Tue, Jan. 26, 1:25 PM
- Ahead of tomorrow afternoon's Q4 report, Juniper (JNPR +1.6%) says it's acquiring BTI Systems, a provider of optical networking hardware and related management/SDN software for metro networks and data center interconnects (DCIs). Terms are undisclosed.
- Juniper: "We expect the acquisition will allow Juniper to accelerate the delivery of open and automated packet optical transport solutions that integrate with our NorthStar [WAN SDN] Controller and include network management features that enable end-to-end provisioning of new services. The combination of BTI Systems’ accomplished team, innovative and open solutions with Juniper’s longstanding switching and IP routing expertise positions the company well to take advantage of the fast growing DCI and Metro markets."
- The metro/DCI optical networking segment is expected to see healthy growth, aided by 100G metro buildouts by carriers and growing optical network investments by Web/cloud data center owners. Ciena, Infinera, Cisco, Alcatel-Lucent, and Huawei are among the firms competing in this space.
Oct. 6, 2015, 7:01 PM
- "I've been hearing Juniper (NYSE:JNPR) may go private for a while," says an "experienced [Silicon] Valley technology executive" speaking with Light Reading. "It's the same threat as Riverbed ... In Juniper's case, it would be cool…it is needed."
- The "threat" in question is pressure from activist Elliott Management, which had a stake in Riverbed prior to its acquisition by P-E firm Thoma Bravo, and has prodded Juniper to carry out major job cuts and capital returns. To date, Elliott hasn't publicly demanded a sale.
- Meanwhile, a "senior executive in the router sector" states Juniper has been looking for a buyer. In addition, Benzinga recently reported hearing "unconfirmed market chatter" (doesn't always pan out) that Juniper has hired Goldman to "assist it in handling offers to take the company private for $32 per share."
- Earlier this year, the Nokia/Alcatel-Lucent deal fueled speculation Ericsson would counter by bidding for Juniper. Ericsson has said it's open to a major acquisition, but hasn't yet pulled the trigger on such a deal.
- With a $10.9B market cap - a buyout might require a $13B+ price - Juniper would be a big fish for a peer or P-E firm to swallow.
- Yesterday: Juniper rallies after landing Stifel upgrade, announcing AT&T deal
May 27, 2015, 4:38 AM
- As the telecom-network industry consolidates, Ericsson (NASDAQ:ERIC) is now more open to a bigger M&A deal in order to remain competitive in the market, Bloomberg reports.
- "I see no reason why we, given the right preconditions, would exclude a larger deal," Ericsson Chairman Leif Johansson said in an interview this month. "But as you know, there aren't that many left."
- CEO Hans Vestberg plans to gather with his top managers in June to discuss strategy, and a key area is what the company can do to counter Nokia's recent $16.6B acquisition of Alcatel-Lucent.
- Possible targets: Ciena (NYSE:CIEN), Infinera (NASDAQ:INFN) and Juniper (NYSE:JNPR)
Apr. 18, 2015, 8:04 PM
- Nokia (NYSE:NOK) and Alcatel-Lucent's (NYSE:ALU) planned merger could unravel Nokia's R&D partnership/reseller deal with Juniper (NYSE:JNPR). Juniper, which has partnered with Nokia on solutions that pair the former's routers with the latter's base stations and mobile core network gear, counts Alcatel as its second-biggest rival (after Cisco) in the carrier router market, and also squares off against the company in other markets such as carrier SDN software.
- Ruckus (NYSE:RKUS) is another Nokia partner that could be in the crosshairs: The company competes against Alcatel in carrier Wi-Fi hardware, and has a reseller deal with Nokia that goes back to 2012. The deal was recently expanded to cover Wi-Fi/4G small cell systems.
- At the same time, the merger has fueled speculation one or more rivals could respond with acquisitions of their own. A potential acquisition of Juniper by mobile infrastructure giant Ericsson (NASDAQ:ERIC) has especially been the subject of much talk.
- Ericsson is also viewed as a potential suitor for optical networking hardware vendors/fellow Alcatel rivals Ciena and Infinera. Ruckus has been seen as a potential M&A target for a long time. However, it currently competes against Ericsson, which bought Wi-Fi hardware vendor BelAir Networks in 2012.
- RF backhaul hardware maker DragonWave (NASDAQ:DRWI) could also lose business thanks to the merger; it bought Nokia's RF backhaul business in 2012. and maintains a reseller deal. However, H.C. Wainwright recently downplayed those concerns, arguing Alcatel's RF backhaul systems are expensive and clunky.
- Juniper and Ericsson report earnings on April 23, and Ruckus on April 30.
Jul. 22, 2014, 4:26 PM
- Though it beat Q2 estimates, Juniper (NYSE:JNPR) expects Q3 revenue of $1.15B-$1.2B and EPS of $0.35-$0.40, below a consensus of $1.26B and $0.44. The company says it's dealing with "some customer-specific dynamics" that are weighing on results.
- Juniper also announces it's selling its Junos Pulse security software unit to P-E firm Siris Capital for $250M.
- Shares -6.1% AH. Q2 results, PR.
Feb. 24, 2014, 5:57 PM
- Activist investor Elliott Management (6.2% stake) has reached a deal with Juniper (JNPR) under which Juniper will nominate telecom industry vet Kevin DeNuccio (now the CEO of Violin Memory) and ex-Nortel COO Gary Daichendt to its board, and won't nominate more than 7 incumbent directors at its annual meeting. (13D)
- Last week, Juniper announced a slew of cash-return and cost-cutting moves that dovetailed with Elliott and fellow activist Jana Partners' wish lists.
- Meanwhile, Nokia Solutions & Networks (NOK) chief Rajeev Suri is downplaying a recent report stating Nokia is considering a bid for Juniper. "We have a partnership with Juniper and we will seek ways to expand that partnership ... That's all."
- Suri also says NSN, whose parent company is set to receive a big cash infusion via the Microsoft deal, is on the lookout for smaller acquisitions. "We don’t have to do a deal for the sake of a deal ... We will look for opportunities out there."
- JNPR +1.5% AH.
Feb. 20, 2014, 7:02 AM
- Nokia (NOK +0.7%) is reportedly considering making a bid for Juniper Networks (JNPR) and combining it with Nokia Solutions & Networks (NSN).
- NSN CEO Rajeev Suri held talks with Juniper's management last year about deepening their collaboration and about a merger, which would improve NSN's weak operations in the U.S.
- Juniper's market cap is $13.73B, around half of Nokia's $26.99B; the latter could use the U.S. company's $3.1B in cash to help fund the deal.
Dec. 17, 2013, 6:50 PM
- Juniper (JNPR) is acquiring WANDL, a provider of software that helps carriers design, manage, optimize, and provision services for their networks, for $60M in cash. WANDL will work with Juniper's OpenLab unit to help create "network-integrated applications." (PR)
- Telecom equipment providers have become more interested lately in adding network planning/provisioning software to their product lines. Last year, Cisco bought Cariden, another player in this space, for over $141M.
Feb. 26, 2013, 2:22 PM
Juniper (JNPR -1.5%) is reviewing options for its enterprise networking ops following failed attempts to sell some of its assets, Reuters reports. Among the assets reportedly put on the block was Juniper's NetScreen security hardware unit, which has been bleeding share to upstarts. Juniper is now said to be eying acquisitions (potentially financed via private stock sales), albeit "with a longer-term view of a sale or spin-off." Juniper's enterprise sales fell 10% Y/Y in Q4, while its service provider sales rose 9%. (EMC rumor)| Feb. 26, 2013, 2:22 PM
Feb. 4, 2013, 11:10 AM
A slew of telecom hardware and software firms are higher following Oracle's deal to acquire Acme Packet (I, II). The big winners include VoIP/unified communications software providers BroadSoft (BSFT +7.7%) and AudioCodes (AUDC +4.2%), and volatile deep packet inspection hardware plays Allot (ALLT +4.6%) and Procera (PKT +5.9%). Juniper (JNPR +1.4%), F5 (FFIV +1.2%), and Ciena (CIEN +1.6%) are also higher - Juniper is the frequent subject of M&A speculation, but its $11.7B market cap poses a challenge. (Sonus and Riverbed)| Feb. 4, 2013, 11:10 AM
Dec. 12, 2012, 4:33 PM
Like many of its peers, Juniper (JNPR) is betting big on software-defined networking (SDN): the company is issuing 5.82M shares and $57.5M in cash to buy the shares of SDN startup Contrail Systems it doesn't already own; the total valuation is $176M. Contrail, which recently snagged the CTO of Juniper's JUNOS OS, has been in stealth mode, though its blog posts suggest it might be working on an SDN software controller that will compete with VMware's (VMW) Nicira unit, seen as a threat to Cisco and Juniper's hardware margins.| Dec. 12, 2012, 4:33 PM
Oct. 18, 2012, 12:33 PM
Juniper (JNPR +4.3%) gives back the majority of its early gains as analysts prove skeptical that EMC would consider buying the company, as is suggested by a rumor. Cantor, UBS, Goldman, and Oppenheimer all consider an EMC-Juniper unlikely, though Oppenehimer thinks Ericsson or a P-E firm could be interested. Also, a source tells Reuters Juniper hasn't hired an i-bank to facilitate a purchase, contradicting the rumor.| Oct. 18, 2012, 12:33 PM
Oct. 18, 2012, 9:33 AM
Juniper (JNPR +9.2%) soars on a slightly old rumor it has hired JPMorgan to help find a buyer, and that one bid is reportedly in the mid-to-high $20s. EMC, long rumored to be thinking about acquiring a networking vendor as its partnership with Cisco frays, is named as a potentially interested party. Juniper (current market cap of $9.7B) wouldn't be an easy fish for EMC (current market cap of $53.8B) to digest, especially after baking in a premium.| Oct. 18, 2012, 9:33 AM
Feb. 22, 2012, 10:34 AM
Juniper (JNPR) is acquiring Mykonos Software, a provider of intrusion detection software for protecting web site and applications, for $80M in cash. Juniper boasts Mykonos' software is the only solution of its kind "capable of detecting an attacker before an attack is in progress." Juniper's security solutions division has recently become a drag on growth - sales fell 4% Y/Y in Q4.| Feb. 22, 2012, 10:34 AM
Oct. 24, 2011, 8:58 AM
Networking giant Juniper (JNPR) is looking to use its $4.2B cash hoard to acquire companies that can strengthen its mobile data and cloud computing positions, with CEO Kevin Johnson adding Juniper is "very open" to Asian acquisition targets. Like rival Cisco (CSCO), Juniper is facing stiff competition from China's Huawei.| Oct. 24, 2011, 8:58 AM