JNPR on NYSE

Juniper Networks

Logo: ™/®Juniper Networks, Inc., Public domain, via Wikimedia Commons5

American multinational technology company

Juniper Networks, Inc., was an American multinational corporation headquartered in Sunnyvale, California. The company developed and marketed networking products, including routers, switches, network management software, network security products, and software-defined networking technology. The company was founded in 1996 by Pradeep Sindhu, with Scott Kriens as the first CEO, who remained until September 2008.3 Its chief executive is Rami Rahim.1 It employed 9,419 people in 2019.1 Its shares trade on NYSE under the symbol JNPR.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Feb 6, 1996Founded1

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  • TickerJNPR on NYSE1
  • IndustryPhotographic and Photocopying Equipment Manufacturing [2012–2022 definition], manufacture of computers and peripheral equipment, networking hardware, technology1
  • HeadquartersSunnyvale1
  • Websitejuniper.net
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1133 Innovation Way, Sunnyvale, Ca 940896
  • Filer categoryLarge accelerated filer6
  • LEIAUHIXNGG7U2U7JEHM5274
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressCORPORATION TRUST CENTER,1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 27948734
Juniper Networks Headquarters Sunnyvale
Photo: LPS.1, CC BY-SA 3.0, via Wikimedia Commons9

Juniper Networks, Inc., was an American multinational corporation headquartered in Sunnyvale, California. The company developed and marketed networking products, including routers, switches, network management software, network security products, and software-defined networking technology.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

58.8%Gross margin10
5.8%Operating margin10
5.7%Net margin10
-8.8%Revenue growth, 202410
6.0%Return on equity10
0.25×Debt to equity10

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue41¢$2.1B
  • Research and development23¢$1.2B
  • Other costs30¢$1.5B
  • Income tax0¢$500.0K
  • Profit6¢$287.9M

Out of $5.1B in revenue.10

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid37¢$288.6M
  • Kept or used elsewhere63¢$499.5M

Out of $788.1M of cash from operations.10

Financial statements

Revenue1112131410$5.1B in 2024+9% since 2018
0$2.0B$4.0B$6.0B2018: $4.6B$4.6B20182019: $4.4B$4.4B2019−4%2020: $4.4B$4.4B2020−0%2021: $4.7B$4.7B2021+7%2022: $5.3B$5.3B2022+12%2023: $5.6B$5.6B2023+5%2024: $5.1B$5.1B2024−9%
Gross profit1112131410$3.0B in 2024+9% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $2.7B$2.7B20182019: $2.6B$2.6B2019−5%2020: $2.6B$2.6B2020−2%2021: $2.7B$2.7B2021+6%2022: $3.0B$3.0B2022+8%2023: $3.2B$3.2B2023+8%2024: $3.0B$3.0B2024−7%
Operating income1112131410$291.8M in 2024−49% since 2018
0$200.0M$400.0M$600.0M2018: $572.2M$572.2M20182019: $442.2M$442.2M2019−23%2020: $353.1M$353.1M2020−20%2021: $387.5M$387.5M2021+10%2022: $519.1M$519.1M2022+34%2023: $470.1M$470.1M2023−9%2024: $291.8M$291.8M2024−38%
Net income1112131410$287.9M in 2024−49% since 2018
0$200.0M$400.0M$600.0M2018: $566.9M$566.9M20182019: $345.0M$345.0M2019−39%2020: $257.8M$257.8M2020−25%2021: $252.7M$252.7M2021−2%2022: $471.0M$471.0M2022+86%2023: $310.2M$310.2M2023−34%2024: $287.9M$287.9M2024−7%
Fiscal year2018201920202021202220232024
Revenue$4.6B11$4.4B12$4.4B13$4.7B14$5.3B10$5.6B10$5.1B10
Cost of revenue$1.9B11$1.8B12$1.9B13$2.0B14$2.3B10$2.4B10$2.1B10
Gross profit$2.7B11$2.6B12$2.6B13$2.7B14$3.0B10$3.2B10$3.0B10
Research and development$1.0B11$955.7M12$958.4M13$1.0B14$1.0B10$1.1B10$1.2B10
Operating expenses$2.4B14$2.4B10$2.7B10$2.7B10
Operating income$572.2M11$442.2M12$353.1M13$387.5M14$519.1M10$470.1M10$291.8M10
Interest$103.2M11$88.7M12$77.0M13$50.8M14$58.6M14$80.0M14
Income before tax$310.1M12$536.3M10$349.0M10$298.0M10
Income tax-$34.2M11$69.4M12$7.4M13$57.4M14$60.5M10$29.2M10$500.0K10
Net income$566.9M11$345.0M12$257.8M13$252.7M14$471.0M10$310.2M10$287.9M10
Earnings per share$1.6211$1.0112$0.7813$0.7814$1.4610$0.9710$0.8810
Earnings per share (diluted)$1.6011$0.9912$0.7713$0.7614$1.4310$0.9510$0.8610
Shares (weighted, basic)324.4M shares14322.1M shares10320.0M shares10327.2M shares10
Shares (weighted, diluted)331.6M shares14329.5M shares10325.9M shares10334.6M shares10

Compare Juniper Networks with another company

Corporate structure

Juniper Networks sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Juniper Networks

  • BlackRock Filed SCHEDULE 13G/A on Juniper Networks, latest Apr 30, 2025 (7 filings since Nov 10, 2021)
  • State Street Corporation Filed SC 13G/A on Juniper Networks, latest Oct 18, 2024 (2 filings since Jan 29, 2024)
  • &. Cox Dodge Filed SC 13G/A on Juniper Networks, latest Oct 7, 2024 (4 filings since Feb 14, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on Juniper Networks, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • Juniper Networks Wilmington, Delaware, United States
    • Juniper Networks (US), Inc. Subsidiary · California, United States
    • Juniper Networks International B.V. Subsidiary · Netherlands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Juniper Networks reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.0B10 Dec 31, 2024$2.0B10 Dec 31, 2023+1.6%
Accumulated depreciation$1.3B10 Dec 31, 2024$1.3B10 Dec 31, 2023+3.2%
Property and equipment, net$680.2M10 Dec 31, 2024$689.9M10 Dec 31, 2023−1.4%
Operating-lease assets (leased space)$160.2M10 Dec 31, 2024$111.4M10 Dec 31, 2023+43.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2B10 Dec 31, 2024$1.1B10 Dec 31, 2023+14.6%
Marketable securities, current$160.3M10 Dec 31, 2024$139.4M10 Dec 31, 2023+15.0%
Stakes in other companies (equity method)$010 Dec 31, 2024$010 Dec 31, 2023
Long-term investments$385.4M10 Dec 31, 2024$116.8M10 Dec 31, 2023+230.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.7B10 Dec 31, 2024$3.7B10 Dec 31, 20230%
Intangible assets, net (excluding goodwill)$42.6M10 Dec 31, 2024$91.8M10 Dec 31, 2023−53.6%
Finite-lived intangibles, gross$1.1B10 Dec 31, 2024$1.1B10 Dec 31, 20230%
Accumulated amortization$958.6M10 Dec 31, 2024$909.3M10 Dec 31, 2023+5.4%
Finite-lived intangibles, net$42.5M10 Dec 31, 2024$91.8M10 Dec 31, 2023−53.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$830.1M10 Dec 31, 2024$952.4M10 Dec 31, 2023−12.8%
Raw materials$592.7M10 Dec 31, 2024$719.0M10 Dec 31, 2023−17.6%
Finished goods$292.7M10 Dec 31, 2024$299.0M10 Dec 31, 2023−2.1%

Properties, in its own words

Our corporate headquarters is located at an owned site in Sunnyvale, California. As of December 31, 2024, we leased space (including offices and other facilities) in locations throughout the United States and in various places outside the United States. We believe that our current offices and other facilities are in good condition and appropriately support our current business needs.

Item 2 of the 10-K filed Feb 21, 2025.18

The story

Founded by Pradeep Sindhu on Feb 6, 1996.1

Origins and funding

Pradeep Sindhu, a scientist with Xerox's Palo Alto Research Center (PARC), conceived the idea for Juniper Networks while on vacation in 1995

and founded the company in February 1996. Sindhu wanted to create data packet-based routers that were optimized for Internet traffic (packet switching), whereby the routing and transferring of data occurs "by means of addressed packets so that a channel is occupied during the transmission of the packet only, and upon completion of the transmission the channel is made available for the transfer of other traffic." He was joined by engineers Bjorn Liencres from Sun Microsystems and Dennis Ferguson from MCI Communications.

Sindhu started Juniper Networks with $2 million in seed funding, which was followed by $12 million in funding in the company's first year of operations. About seven months after the company's founding, Scott Kriens was appointed CEO to manage the business, while founder Sindhu became the Chief Technology Officer. By February 1997, Juniper had raised $8 million in venture funding. Later that year, Juniper Networks raised an additional $40 million in investments from a round that included four out of five of the largest telecommunications equipment manufacturers: Siemens, Ericsson, Nortel and 3Com. Juniper also received $2.5 million from Qwest and other investments from AT&T.

Growth and IPO

Juniper Networks had $3.8 million in annual revenue in 1998. By the following year, its only product, the M40 router, was being used by 50 telecommunications companies. Juniper Networks signed agreements with Alcatel and Ericsson to distribute the M40 internationally. A European headquarters was established in the United Kingdom and an Asia-Pacific headquarters in Hong Kong. A subsidiary was created in Japan and offices were established in Korea in 1999. Juniper Networks's market share for core routers grew from 6% in 1998 to 17.5% one year later, and 20% by April 2000.

Juniper Networks filed for an initial public offering in April 1999 and its first day on the NASDAQ was that June. The stock set a record in first-day trading in the technology sector by increasing 191% to a market capitalization of $4.9 billion. According to Telephony, Juniper Networks became the "latest darling of Wall Street", reaching a $7 billion valuation by late July. Within a year, the company's stock grew five-fold.

Juniper Networks's revenues grew 600% in 2000 to $673 million. That same year, Juniper Networks moved its headquarters from Mountain View to Sunnyvale, California.

Competition

By 2001, Juniper controlled one-third of the market for high-end core routers, mostly at the expense of Cisco Systems sales. According to Businessweek, "analysts unanimously agree[d] that Juniper's boxes [were] technically superior to Cisco's because the hardware does most of the data processing. Cisco routers still relied on software, which often results in slower speeds." However, Cisco provided a broader range of services and support and had an entrenched market position. The press often depicted Juniper and Cisco as a "David versus Goliath" story. Cisco had grown through acquisitions to be a large generalist vendor for routing equipment in homes, businesses and for ISPs, whereas Juniper was thought of as the "anti-Cisco" for being a small company with a narrow focus.

In January 2001, Cisco introduced a suite of router products that Businessweek said was intended to challenge Juniper's increasing market-share. According to Businessweek, Juniper's top-end router was four times as fast at only twice the cost of comparable Cisco products. Cisco's routers were not expected to erode Juniper's growing share of the market, but other companies such as Lucent, Alcatel, and startups Avici Systems and Pluris had announced plans to release products that would out-pace Juniper's routers.

Read the full text

Juniper introduced a suite of routers for the network edge that allowed it to compete with Cisco. Juniper's edge routers had a 9% market share two months after release. Both companies made exaggerated marketing claims; Juniper promoted its products as stable enough to make IT staff bored and Cisco announced lab tests from Light Reading proved its products were superior to Juniper, whereas the publication itself reached the opposite conclusion. By 2002, both companies were repeatedly announcing products with faster specifications than the other in what Network World called a "'speeds-and-feeds' public relations contest".

By 2004, Juniper controlled 38% of the core router market. By 2007, it had a 5%, 18% and 30% share of the market for enterprise, edge and core routers respectively. Alcatel-Lucent was unsuccessful in challenging Juniper in the core router market but continued competing with Juniper in edge routers along with Cisco.

Further development

In late 2000, Juniper formed a joint venture with Ericsson to develop and market network switches for internet traffic on mobile devices, and with Nortel for fiber optic technology. In 2001, Juniper introduced a technical certification program and was involved in the first optical internet network in China. Juniper's growth slowed in 2001 as the telecommunications sector experienced a slowdown and revenues fell by two-thirds during the dot-com bust. 9 to 10% of its workforce was laid off.

Juniper had rebounded by 2004, surpassing $1 billion in revenues for the first time that year and reaching $2 billion in revenue in 2005. Beginning in 2004, with the acquisition of NetScreen, Juniper Networks began developing and marketing products for the enterprise segment. Juniper had a reputation for serving ISPs, not enterprises, which it was trying to change. By 2005, enterprise customers accounted for one-third of the company's revenues, but it had spent $5 billion in acquisitions and R&D for the enterprise market.

In 2006, more than 200 US companies restated their financial results due to a series of investigations into stock backdating practices. Juniper stockholders alleged the company engaged in deceptive backdating practices that benefited its top executives unfairly. In December 2006, Juniper restated its financials, charging $900 million in expenses to correct backdated stock options from 1999 to 2003. This was followed by a $169 million settlement with stockholders in February 2010.

2008–2025

In July 2008, Juniper's first CEO, Scott Kriens, became chairman and former Microsoft executive Kevin Johnson was appointed CEO. Johnson focused the company more on software, creating a software solutions division headed by a former Microsoft colleague, Bob Muglia. Juniper also hired other former Microsoft executives to focus on the company's software strategy and encourage developers to create software products that run on the Junos operating system. Juniper established partnerships with IBM, Microsoft and Oracle for software compatibility efforts. The SSL/VPN Pulse product family was launched in 2010, then later spun off to a private equity firm in 2014 for $250 million.

In 2012, Juniper laid off 5% of its staff and four of its high-ranking executives departed. The following year, CEO Kevin Johnson announced he was retiring once a replacement was found. In November 2013, Juniper Networks announced that Shaygan Kheradpir would be appointed as the new CEO. He started the position in January 2014.

In January 2014, hedge fund, activist investor and Juniper shareholder Elliott Associates advocated that Juniper reduce its cash reserves and cut costs, before Kheradpir was officially appointed. That February, Juniper reached an agreement with Elliott and other stakeholders for an Integrated Operating Plan (IOP) that involved repurchasing $2 billion in shares, reducing operating expenses by $160 million and appointing two new directors to its board. That April, 6% of the company's staff were laid off to cut expenses. In November 2014, Kheradpir unexpectedly resigned following a review by Juniper's board of directors regarding his conduct in a negotiation with an unnamed Juniper customer. An internal Juniper executive, Rami Rahim, took his place as CEO.

In May 2014, Palo Alto Networks agreed to pay a $175 million settlement for allegedly infringing on Juniper's patents for application firewalls.

In 2015, Wired magazine reported that the company announced it had found unauthorized code that enabled backdoors into its ScreenOS products. The code was patched with updates from the company.

Acquisition by Hewlett Packard Enterprise

In January 2024, the company agreed to be purchased by Hewlett Packard Enterprise (HPE) for $14 billion in an all-cash deal to boost HPE's networking and artificial intelligence resources. The acquisition was contested by the U.S. Department of Justice (DOJ) in January 2025, citing concerns about reduced competition and innovation, leading to higher prices for consumers. Following a settlement with the DOJ, in which HPE agreed to divest its Instant On wireless division and license the source code for Juniper's Mist AI (a key component of Juniper's WLAN products), the acquisition was completed on July 2, 2025. Following the acquisition, Juniper was absorbed into HPE Networking, with Raimi named the new head of this division. HPE will continue to market Juniper's former product line under the HPE Juniper Networking brand. Later that month, Axios reported that the U.S. Intelligence Community had earlier directly intervened to persuade DOJ to allow the acquisition, arguing that blocking the merger would have harmed U.S. companies and strengthened Chinese competitors—particularly Huawei—framing the decision as critical to national security.

From Wikipedia’s article on Juniper Networks, shared under CC BY-SA 4.0.7

Leadership

Who has led Juniper Networks, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (46)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerKENNETH MILLER named Jan 31, 202472

Products and brands

  • business software
  • computer security
  • electrical switch
  • networking hardware
  • router

Listed on Wikidata.1

Products

Juniper Networks designed and marketed IT networking products, such as routers, switches and IT security products. It started out selling core routers for ISPs, and expanded into edge routers, data centers, wireless networking, networking for branch offices and other access and aggregation devices.

Prior to its acquisition by HPE, Juniper was the third largest market-share holder overall for routers and switches used by ISPs. According to analyst firm Dell'Oro Group, it was the fourth largest for edge routers and second for core routers with 25% of the core market. It was also the second largest market share holder for firewall products with a 24.8% share of the firewall market. In data center security appliances, Juniper was the second-place market-share holder behind Cisco. Juniper provides technical support and services through the J-Care program.

As of February 2020, Juniper's product families included the following:

Routers and switches

Juniper Networks' first product was the Junos router operating system, which was released on July 1, 1998. The first Juniper router was made available that September and was a core router for internet service providers called the M40. It incorporated specialized application-specific integrated circuits (ASIC) for routing internet traffic that were developed in partnership with IBM. It had ten times the throughput of comparable contemporary Cisco products. The M40 was followed by the smaller M20 router in December 1999 and the M160 in March 2000.

Read the full text

By 2000, Juniper had developed five hardware systems and made seven new releases of its Junos operating system. That April, Juniper released the second generation of the internet processors embedded in its core routers. In April 2002, Juniper released the first of the T-series family (originally known under the code-name Gibson), which could perform four times as many route lookups per second as the M160. The first products of the TX Matrix family, which could be used to combine up to four T-series routers, was released in December 2004.

By 2003, Juniper had diversified into three major router applications: core routers, edge routers and routers for mobile traffic. Juniper's first major diversification from core routers was when it entered the market for edge routers, by acquiring the e-series product family (originally known as ERX) through the purchase of Unisphere in 2000. By 2002, both Cisco and Juniper had increased their focus on edge routers, because many ISPs had built up abundant bandwidth at the core. Several improvements to Juniper's software and its broadband aggregation features were released in late 2003. At this time, Juniper had the largest market-share (52%) of the broadband aggregation market. In 2003, Juniper entered the market for cable-modem termination systems with the G-series product family after the acquisition of Pacific Broadband. The product family was discontinued later that year.

Juniper's first enterprise switch product was the EX 4200, which was released in 2008. In a comparative technical test, Network World said the EX4200 was the top performer out of network switches they tested in latency and throughput, but its multicast features were "newer and less robust" than other aspects of the product. Juniper Networks announced the T1600 1.6 Terabits per second core router in 2007 and the newer T4000 4 Terabit router in 2010. In 2012, it released the ACX family of universal access routers. In 2013, the company made several new releases in the MX family of edge routers: it introduced a smaller version of its core routers called PTX3000, and several new enterprise routers were released. Seven months later, Juniper acquired WANDL, and its technology was integrated into the NorthStar WAN controller Juniper announced in February 2014.

In February 2011, Juniper introduced QFabric, a proprietary protocol methodology for transferring data over a network using a single network layer. Several individual products for the QFabric methodology were released throughout the year. In October 2013, Juniper introduced another network architecture called MetaFabric and a new set of switches, the QFX5100 family, as one of the foundations of the new architecture.

In February 2014, several software and hardware improvements were introduced for Juniper routers, including a series of software applications ISPs could use to provide internet-based services to consumers. In December 2014, Juniper introduced a network switch, OCX1100, that could run on either the Junos operating system or the Open Compute Project open-source software.

Security

Juniper Networks introduced the JProtect security toolkit in May 2003. It included firewalls, flow monitoring, filtering and Network Address Translation (NAT). Through the 2004 acquisition of NetScreen Technologies, Juniper acquired the Juniper Secure Meeting product line, as well as remote desktop access software. The NetScreen-5GT ADSL security appliance was the first new NetScreen product Juniper introduced after the acquisition and its first wireless product. The first Juniper product intended for small businesses was a remote access appliance that was released in August 2004. An open interface for the development of third-party tools for the appliance was made available that September.

In September 2004, Juniper entered the market for enterprise access routers with three routers that were the first of the J-series product family. It used the channel partners acquired with NetScreen to take the routers to market. Juniper released its first dedicated NAC product in late 2005, which was followed by the acquisition of Funk Software for its NAC capabilities for switches. According to a 2006 review in Network World, Juniper's SSG 520 firewall and routing product was "the first serious threat" to competing products from Cisco. Juniper released the SRX family of gateway products in 2008. The gateways sold well, but customers and resellers reported a wide range of technical issues starting in 2010, which Juniper did not acknowledge until 2012, when it began providing updates to the product software.

In August 2011, Juniper and AT&T announced they would jointly develop the AT&T Mobile Security application based on Juniper's Pulse security software. In May 2012, Juniper released a series of new features for the web security software it acquired from Mykonos Software that February. Mykonos' software is focused on deceiving hackers by presenting fake vulnerabilities and tracking their activity. In January 2014, Juniper announced the Firefly Suite of security and switching products for virtual machines. The following month Juniper Networks released several products for "intrusion deception", which create fake files, store incorrect passwords and change network maps in order to confuse hackers that have already penetrated the network perimeter.

An analysis of Juniper's ScreenOS firmware code in December 2015 discovered a backdoor key using Dual EC DRBG allowing to passively decrypt the traffic encrypted by ScreenOS. This backdoor was inserted in the year 2008 into the versions of ScreenOS from 6.2.0r15 to 6.2.0r18 and from 6.3.0r12 to 6.3.0r20 and gives any user administrative access when using a special master password. Some analysts claim that this backdoor still exists in ScreenOS. Stephen Checkoway was quoted in Wired that "If this backdoor was not intentional, then, in my opinion, it's an amazing coincidence."

In December 2015, Juniper Systems announced that they had discovered "unauthorized code" in the ScreenOS software that underlies their NetScreen devices, present from 2012 onwards. There were two vulnerabilities: One was a simple root password backdoor, and the other one was changing a point in Dual_EC_DRBG so that the attackers presumably had the key to use the preexisting (intentional or unintentional) kleptographic backdoor in ScreenOS to passively decrypt traffic.

Software defined networking

According to a 2014 SWOT analysis by MarketLine, in recent history Juniper had been focusing on software-defined networking (SDN). It acquired SDN company Contrail Systems in December 2012. The following month Juniper announced its SDN strategy, which included a new licensing model based on usage and new features for the Junos operating system. In February 2013, Juniper released several SDN products, including the application provisioning software, Services Activation Director and the Mobile Control Gateway appliance.

In May 2013, Juniper announced an SDN controller called JunosV Contrail, using technology it acquired through Contrail Systems. A series of SDN products were released in February 2014, such as a network management software product, Junos Fusion, and an SDN controller called NorthStar. Northstar helps find the optimal path for data to travel through a network.

Every year, since 2009, Juniper held the SDN Throwdown competition to encourage students from universities across the world to access NorthStar Controller and build a solution around it to optimize network throughput. In the 2019 competition, team led by Sumit Maheshwari (Rutgers University) took first place. Jialu Sun (Santa Clara University) led his team to a second-place finish.

Recent updates

In March 2015, Juniper announced a series of updates to the PTX family of core routers, the QFX family of switches, as well as updates to its security portfolio. According to a report published by technology consulting firm LexInnova, as of June 2015 Juniper Networks was the third largest recipient of network security-related patents with portfolio of 2,926 security-related patents.

In October 2018, Juniper announced a new offering called EngNet, which is a set of developer tools and information meant to help companies move toward automation, and replace the typical command-line interface.

Operations

Prior to its acquisition by HPE, Juniper Networks had operations in more than 100 countries. Around 50% of its revenue was from the United States, 30% was from EMEA and 20% was from Asia. Juniper sold directly to businesses, as well as through resale and distribution partners, such as Ericsson, IBM, Nokia, IngramMicro and NEC. About 50% of Juniper's revenues were derived from routers, 13% from switches, 12% from IT security and 25% from services.

According to a 2013 report by Glassdoor, Juniper Networks had the highest paid software engineers in the technology sector by a margin of about $24,000 per year. It operated the Juniper Networks Academic Alliance (JNAA) program, which scouts fresh college graduates.

According to a SWOT analysis by MarketLine, Juniper had "a strong focus" on research and development. R&D expenses had been between 22 and 25% of revenue from 2011 to 2013. Most of the company's manufacturing was outsourced to three manufacturing companies: Celestica, Flextronics and Accton Technology. Juniper operated the Junos Innovation Fund, which was started with $50 million in 2010 and invests in early-stage technology companies developing applications for the Junos operating system. As of 2011, Juniper Networks invested in 20 companies. This is estimated to be 1 to 2% of the companies it had evaluated for a potential investment.

From Wikipedia’s article on Juniper Networks, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Subsidiaries (Exhibit 21)

  • Juniper Networks (US), Inc. California, USA8
  • Juniper Networks International B.V. The Netherlands8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

By 2001, Juniper had made only a few acquisitions of smaller companies, due to the leadership's preference for organic growth. The pace of acquisition picked up in 2001 and 2002 with the purchases of Pacific Broadband and Unisphere Networks. In 2004 Juniper made a $4 billion acquisition of network security company NetScreen Technologies. Juniper revised NetScreen's channel program that year and used its reseller network to bring other products to market.

Juniper made five acquisitions in 2005, mostly of startups with deal values ranging from $8.7 to $337 million. It acquired application-acceleration vendor Redline Networks, VOIP company Kagoor Networks, as well as wide area network (WAN) company Peribit Networks. Peribit and Redline were incorporated into a new application products group and their technology was integrated into Juniper's infranet framework. Afterwards, Juniper did not make any additional acquisitions until 2010.

From 2010 to September 2011, Juniper made six acquisitions and invested in eight companies. Often Juniper acquired early-stage startups, developing their technology, then selling it to pre-existing Juniper clients. Juniper acquired two digital video companies, Ankeena Networks and Blackwave Inc., as well as wireless LAN software company Trapeze Networks. In 2012, Juniper acquired Mykonos Software, which develops security software intended to deceive hackers already within the network perimeter. and a developer of software-defined network controllers, Contrail Systems. In 2014, Juniper acquired the software-defined networking (SDN) company WANDL.

In April 2016, Juniper closed its acquisition of BTI, a provider of cloud and metro network technology, in an effort to beef up its data center interconnect and metro packet optical transport technology and services. Juniper acquired cloud operations management and optimization startup AppFormix in December 2016. In 2017, Juniper bought Cyphort, a Silicon Valley startup that makes security analytics software. Juniper acquired cloud storage company HTBASE in November 2018. In April 2019, Juniper acquired wireless LAN (WLAN) startup Mist Systems to bolster its software-defined enterprise portfolio and multicloud offerings. In February 2022, it was announced Juniper had acquired WiteSand, a specialist cloud-native zero trust network access control (NAC) solutions company.

From Wikipedia’s article on Juniper Networks, shared under CC BY-SA 4.0.7

Employees over time

  • 20199,4191

Former names

  • JUNIPER NETWORKS INCJun 4, 1999 to Jul 14, 20256

Timeline

  1. Jul 2, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer73
  2. May 29, 20258-K Executive or director change; Shareholder vote74
  3. May 1, 20258-K Results of operations75
  4. Feb 4, 20258-K Results of operations76
  5. Jan 30, 20258-K Regulation FD disclosure77
  6. Dec 19, 20248-K Executive or director change78
  7. Oct 31, 20248-K Results of operations79
  8. Jul 25, 20248-K Results of operations80
  9. Jun 5, 20248-K Executive or director change; Shareholder vote81
  10. Apr 25, 20248-K Results of operations82
  11. Apr 2, 20248-K Bylaws or fiscal year changed; Shareholder vote83
  12. Mar 21, 20248-K Other events84
  13. Nov 25, 2014New chief executive Rami Rahim becomes CEO1
  14. Nov 10, 2010New chief executive Kim Perdikou becomes CEO20
  15. Sep 15, 2008New chief executive Kevin Johnson becomes CEO21
  16. Feb 10, 2006New chief executive Scott Kriens becomes CEO22
  17. Jun 25, 1999Went public Listed on NYSE1
  18. Feb 6, 1996Founded Founded1

Calendar

When it reported results

  1. May 1, 2025Reported quarterly or annual results75
  2. Feb 4, 2025Reported quarterly or annual results76
  3. Oct 31, 2024Reported quarterly or annual results79
  4. Jul 25, 2024Reported quarterly or annual results80
  5. Apr 25, 2024Reported quarterly or annual results82
  6. Jan 30, 2024Reported quarterly or annual results85
  7. Oct 26, 2023Reported quarterly or annual results86
  8. Jul 27, 2023Reported quarterly or annual results87

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

396 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 31 major events, 224 insider forms, 16 large holders, 2 private raises, 108 other. The latest 20:

  1. Jul 14, 202515-12G EDGAR
  2. Jul 7, 20254 EDGAR
  3. Jul 7, 20254 EDGAR
  4. Jul 7, 20254 EDGAR
  5. Jul 7, 20254 EDGAR
  6. Jul 7, 20254 EDGAR
  7. Jul 7, 20254 EDGAR
  8. Jul 2, 20258-K EDGAR
  9. Jul 2, 2025S-8 POS EDGAR
  10. Jul 2, 2025S-8 POS EDGAR
  11. Jul 2, 2025S-8 POS EDGAR
  12. Jul 2, 2025S-8 POS EDGAR
  13. Jul 2, 2025S-8 POS EDGAR
  14. Jul 2, 2025S-8 POS EDGAR
  15. Jul 2, 2025S-8 POS EDGAR
  16. Jul 2, 2025S-8 POS EDGAR
  17. Jul 2, 2025S-8 POS EDGAR
  18. Jul 2, 2025S-8 POS EDGAR
  19. Jul 2, 2025S-8 POS EDGAR
  20. Jul 2, 2025S-8 POS EDGAR

The 396 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

113 open-market trades by officers, directors and large owners since October 2021: 0 buys and 113 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 14, 2025Kaddaras Christopher Nicholas JrEVP Chief Revenue OfficerSale90,000$35.58$3.2MForm 4
Feb 26, 2025Leelanivas ManojEVP Chief Operating OfficerSale30,978$36.02$1.1MForm 4
Jul 3, 2024Miller Kenneth BradleyEVP CFOSale28,669$36.53$1.0MForm 4
Jul 2, 2024Miller Kenneth BradleyEVP CFOSale40,000$36.67$1.5MForm 4
Jul 1, 2024Miller Kenneth BradleyEVP CFOSale40,000$36.50$1.5MForm 4
Jun 28, 2024Miller Kenneth BradleyEVP CFOSale40,000$36.00$1.4MForm 4
Jun 27, 2024Miller Kenneth BradleyEVP CFOSale40,000$36.00$1.4MForm 4
Jun 6, 2024rahim ramiChief Executive OfficerSale5,555$35.49$197.1KForm 4
Jun 5, 2024rahim ramiChief Executive OfficerSale5,555$35.31$196.1KForm 4
Jun 4, 2024rahim ramiChief Executive OfficerSale5,555$35.17$195.4KForm 4
May 15, 2024Miller Kenneth BradleyEVP CFOSale15,000$34.47$517.0KForm 4
May 3, 2024rahim ramiChief Executive OfficerSale5,555$34.86$193.6KForm 4
May 2, 2024rahim ramiChief Executive OfficerSale5,555$34.72$192.9KForm 4
May 1, 2024rahim ramiChief Executive OfficerSale5,555$34.83$193.5KForm 4
Apr 5, 2024rahim ramiChief Executive OfficerSale5,555$37.06$205.9KForm 4
Apr 4, 2024rahim ramiChief Executive OfficerSale5,555$37.03$205.7KForm 4
Apr 3, 2024rahim ramiChief Executive OfficerSale5,555$37.04$205.8KForm 4
Mar 6, 2024rahim ramiChief Executive OfficerSale5,555$37.43$207.9KForm 4
Mar 5, 2024rahim ramiChief Executive OfficerSale5,555$37.51$208.4KForm 4
Mar 4, 2024rahim ramiChief Executive OfficerSale5,555$37.53$208.5KForm 4

All 113 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Rami RahimChief Executive Officer$1.0M$12.7M92
2024Manoj LeelanivasExecutive Vice President, Chief Operating Officer$665.0K$5.3M92
2024Kenneth MillerExecutive Vice President, Chief Financial Officer$655.0K$4.6M92
2024Christopher KaddarasExecutive Vice President, Chief Revenue Officer$645.0K$3.6M92
2024Robert MobassalySenior Vice President, General Counsel$510.0K$3.4M92
2023Rami RahimChief Executive Officer$1.0M$13.6M92
2023Manoj LeelanivasExecutive Vice President, Chief Operating Officer$650.0K$5.6M92
2023Kenneth MillerExecutive Vice President, Chief Financial Officer$650.0K$4.9M92
2023Christopher KaddarasExecutive Vice President, Chief Revenue Officer$635.0K$4.0M92
2023Robert MobassalySenior Vice President, General Counsel$480.0K$2.9M92
2022Rami RahimChief Executive Officer$1.0M$16.6M92
2022Christopher KaddarasExecutive Vice President, Chief Revenue Officer$132.3K$8.4M92
2022Manoj LeelanivasExecutive Vice President, Chief Operating Officer$625.0K$5.4M92
2022Kenneth MillerExecutive Vice President, Chief Financial Officer$637.5K$4.9M92
2022Robert MobassalySenior Vice President, General Counsel$465.0K$2.9M92

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$4.3M 2021–2021
Money received by yearMoney received by year, 2021–2021: $4.3M in all. Private raises (Form D) $4.3M.$0$2M$4M$6M2021 · Private raises (Form D): $4.3M2021
Figures by year
YearPrivate raises (Form D)Total
2021$4.3M$4.3M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jan 27, 2021Raised $4.3 million in a private offering of equity72 Form D: 3 investors so far Form D

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 12, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000Report
Jan 15, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000Report
Jun 7, 2021Gary C. PetersDemocratic, SenateBuy$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Juniper Networks is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJUNIPER NETWORKS INC2
  • CIK0001043604
  • Employer ID (EIN)77-042252818
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3576 Computer Communications Equipment2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address1133 Innovation Way, Sunnyvale, CA 940892
  • Phone40874520002
  • Shares outstanding334,382,599 as of May 7, 202516
  • Public float$11.7B as of Jun 30, 202418
  • AuditorErnst & Young LLP, San Jose, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceApr 21, 19992
  • Filings2,190 in all: 4 (1,228), 8-K (250), SC 13G/A (84), 10-Q (78), DEFA14A (71), 3 (52), S-8 POS (48), S-8 (46)2
    All 63 form types

    144 (27), DEF 14A (26), 10-K (25), SC 13G (25), UPLOAD (21), 4/A (19), CORRESP (19), 425 (12), SD (12), FWP (10), S-3/A (9), S-1/A (8), 424B3 (7), SC TO-I/A (7), 424B2 (6), 424B5 (6), 5 (6), D (6), S-3 (6), 424B1 (5), EFFECT (5), SC 13D/A (5), 3/A (4), 8-K/A (4), IRANNOTICE (4), POS AM (4), S-3ASR (4), ARS (3), PRE 14A (3), S-1 (3), SC 13D (3), D/A (2), DEFR14A (2), NO ACT (2), NT 10-Q (2), SC TO-I (2), 10-K405 (1), 10-Q/A (1), 15-12G (1), 25 (1), 25-NSE (1), 305B2 (1), 8-A12B (1), 8-A12G (1), CERTNYS (1), CT ORDER (1), DEFM14A (1), NT 10-K (1), POSASR (1), PREM14A (1), S-1MEF (1), S-4 (1), S-4/A (1), SC TO-C (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 21, 2025
    Quarterly report (10-Q) May 9, 2025
    Proxy statement (DEF 14A) Apr 16, 2025
    Latest 8-K (8-K) Jul 2, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.00001 per shareJNPRNew York Stock Exchange

From the cover page of the 10-K filed Feb 21, 2025 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Juniper Networks names in Item 1A of its 10-K filed Feb 21, 2025: 37 risks under these headings, as written.18

  • Risks Related to the Merger
  • Risks Related to Our Business Strategy and Industry
  • Risks Related to Our Technology and Business Operations
  • Legal, Regulatory, and Compliance Risks
  • Financial Risks
  • General Risk Factors
  • Factors That May Affect Future Results
  • RISKS RELATED TO THE MERGER
  • The pendency of the Merger may result in disruptions to our business, divert management's attention, disrupt our relationships with third parties and employees, and result in negative publicity, customer concerns, or legal proceedings, any of which could negatively impact our operating results and ongoing business.
  • Completion of the Merger is subject to the conditions contained in the Merger Agreement, including receipt of regulatory approvals, which may not be received, may take longer than the expected timeframe or may impose conditions that are not presently anticipated or that cannot be met, and if these conditions are not satisfied or waived, the Merger will not be completed.
  • Litigation has arisen and additional litigation may arise in connection with the Merger, which could be costly, prevent or delay consummation of the Merger, divert management’s attention, and otherwise materially harm our business.
  • RISKS RELATED TO OUR BUSINESS STRATEGY AND INDUSTRY
The other 34 risks
  • Our quarterly results are unpredictable and subject to substantial fluctuations; as a result, we may fail to meet the expectations of securities analysts and investors.
  • We expect our gross margins and operating margins to vary over time.
  • Our backlog may not be an accurate indicator of our level and timing of future revenues.
  • We derive a material portion of our revenues from a limited number of our customers.
  • If we are unable to compete effectively, our business and financial results could be harmed.
  • Fluctuating economic conditions make it difficult to predict revenues and gross margin for a particular period and a shortfall in revenues or increase in costs of production may harm our operating results.
  • Our success depends upon our ability to effectively plan and manage our resources and scale and restructure our business.
  • Our acquisitions or divestitures of businesses could disrupt our business and harm our financial condition and stock price, and equity issued as consideration for acquisitions may dilute the ownership of our stockholders.
  • Long sales and implementation cycles for our products and customer urgency related to ship dates to fill large orders may cause our revenues and operating results to vary significantly from quarter-to-quarter.
  • Our ability to recognize revenue in a particular period is contingent on the timing of product orders and deliveries and/or our sales of certain software, subscriptions, and professional support and maintenance services.
  • RISKS RELATED TO OUR TECHNOLOGY AND BUSINESS OPERATIONS
  • If the demand for network and internet protocol (“IP”) systems does not continue to grow, our business, financial condition, and results of operations could be adversely affected.
  • Issues in the development and use of AI may result in reputational harm or liability.
  • If we do not anticipate technological shifts, market needs and opportunities, we may not be able to compete effectively and our ability to generate revenues will suffer.
  • If our products do not interoperate with our customers’ networks, installations will be delayed or cancelled and could harm our business.
  • Our products incorporate and rely upon licensed third-party technology.
  • We may face difficulties enforcing our proprietary rights, which could adversely affect our ability to compete.
  • We depend on contract manufacturers and original design manufacturers as well as single-source and limited source suppliers, including for key components such as semiconductors.
  • System security risks, data protection breaches, and cyberattacks could compromise our and our customers’ proprietary information, disrupt our internal operations, and harm public perception of our products.
  • Disruption in our distribution channels could seriously harm our future revenue and financial condition and increase our costs and expenses.
  • We rely on the performance of our business systems and third-party systems and processes.
  • Our ability to develop, market, and sell products could be harmed if we are unable to retain or hire key personnel.
  • Our business could be negatively impacted by oversight of ESG matters and/or our reporting of ESG matters.
  • LEGAL, REGULATORY, AND COMPLIANCE RISKS
  • We are a party to lawsuits, investigations, and other disputes.
  • Non-standard contract terms with telecommunications, cable, and cloud service provider companies, and other large customers, including large enterprise customers, could have an adverse effect on our business or impact the amount of revenues to be recognized.
  • Regulations of our industry or of our customers could harm our operating results and future prospects.
  • Governmental regulations, economic sanctions and other legal restrictions that affect international trade or affect movement and disposition of our products and component parts could negatively affect our revenues and operating results.
  • Our actual or perceived failure to adequately protect personal data could adversely affect our business, financial condition, and results of operations.
  • FINANCIAL RISKS
  • Our financial condition and results of operations could suffer if there is an impairment of goodwill or purchased intangible assets.
  • Changes in effective tax rates, the adoption of new U.S. or international tax legislation, or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our results.
  • We are subject to risks arising from our international operations, which may adversely affect our business, financial condition, and results of operations.
  • There are risks associated with our outstanding and future indebtedness.
  • Our investments are subject to risks, which may cause losses and affect the liquidity of these investments.
  • GENERAL RISK FACTORS
  • Failing to adequately evolve our financial and managerial control and reporting systems and processes, or any weaknesses in our internal controls may adversely affect investor perception, and our stock price.
  • Our amended and restated bylaws provide that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum.

Legal proceedings

The information set forth under the heading “Legal Proceedings” in Note 14, Commitments and Contingencies, in Notes to Consolidated Financial Statements in Item 8 of Part II of this Report, is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.18

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