Juniper Advances Global Partner Program To Drive Business
Zacks Investment Research | Nov 12, 2019 07:57AM ET
Like every year, Juniper Networks, Inc. (NYSE:JNPR) has advanced its global partner program — Juniper Partner Advantage 2020 — in a way that helps fuel its business. With this enhancement, the computer network equipment maker intends to support its partners drive growth through additional business and customer expansion while simplifying operations.
Notably, the specialization program provides partners with the tools required to tap on major growth trends in the enterprise through foreseeable revenue sources. Juniper’s new program includes investment in business transformation for regular software-based revenue models, a new managed services program, modernized sales and technical training, and increased rewards for selling AI-driven enterprise solutions.
Juniper has planned to launch several new products over the next few quarters, which are expected to further reinforce its competitive position across service provider, cloud and enterprise market. Offerings include new MX line card that will strengthen its ability to capitalize on carrier 5G initiatives, new 400 gig platform that will improve its ability to capture data centric footprint particularly in the cloud.
Enhancement to its Contrail Enterprise Multicloud platform will help its mid to large enterprise customers’ transition to a multicloud world with increased simplicity and reduced cost. However, in recent times, the company experienced a deceleration in business due to the lingering effects associated with the sales transformation actions it took earlier this year and weakening in the customer spending environment.
Despite short-term challenges within its service provider business due to weaker-than-expected trends, Juniper remains optimistic regarding its long-term growth prospects. It is executing well in a dynamic environment and expects to see improved momentum with its cloud customers. Notably, the company has made significant changes to its go-to-market structure to better align its sales strategies with each of its core customer verticals.
A few days ago, Juniper communicated that its board of directors has approved a $1 billion stock buyback authorization increase. This adds to the existing buyback authorization, which has $900 million remaining for a total of $1.9 billion. The company also plans to enter a $200 million accelerated share repurchase program in the ongoing quarter.
Juniper has long-term earnings growth expectation of 5.9%. The stock has added 3.3% compared with the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.