Juniper (JNPR) Last Update 12/4/21
Related: NOK CSCO MSI ERIC
% of Stock Price
Revenue
Gross Profits
Free Cash Flow
Juniper
STOCK PRICE
DIVISION
% of STOCK PRICE
Network Services
46.8%
$13.28
Routers
28.7%
$8.16
Network Switches
17.1%
$4.86
TOTAL
100%
$28.41
$28.41
Yours
Trefis Price
N/A
$31.27
Market
 
Top Drivers for Period
Key Drivers
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TREFIS Analysis


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RECENT NEWS AND ANALYSIS

Potential upside & downside to trefis price

Juniper Company

VALUATION HIGHLIGHTS

  1. Network Services constitute 47% of the Trefis price estimate for Juniper's stock.
  2. Routers constitute 29% of the Trefis price estimate for Juniper's stock.
  3. Network Switches constitute 17% of the Trefis price estimate for Juniper's stock.

WHAT HAS CHANGED?

  1. Q3 2021 Earnings
Juniper delivered a strong performance in Q3 2021, with the company reporting revenues at $1.19 billion, up from $1.14 billion for the same period last year. With operating expenses rising at a faster rate, operating income came in lower at $120 million vs $125 million for the same period last year. Combined with a much higher effective tax rate, net income come in at $89 million, down from $145 million for the same period last year, driving EPS down to $0.27 from $0.44.

BUSINESS SUMMARY

Juniper Networks creates networking equipment such as switches and routers used primarily by businesses and Internet Service Providers to route IP data such as emails, videos, files and other digital communication. For example, an email that you send to a distant friend travels through various switches and routers made by companies like Juniper, Cisco, Alcatel-Lucent and Huawei along the path to its destination.

SOURCES OF VALUE

Routers

Edge Routers, along with Core Routers and Enterprise Routers, are used by Internet Service Providers to route data traffic from network to network.

Network Switches

The market for switches is almost 50% bigger than the corresponding router market. However, due to Cisco's entrenched position in the switching market, we do not believe Juniper will attain a majority share in this space. Of the various kind of switches, bottom layer switches are the most prevalent types of switches found within networks and account for more than 90% of our market size estimates.

Network Services

In addition to networking hardware, Juniper provides maintenance and support services to its customers to help them fix problems that occur with networking equipment. Juniper's network service revenues and profits are dependent on the installed base of Juniper switch and router equipment in use.

Network Security

Juniper also provides its customers with security solutions that help protect networks from outside attacks. Network security equipment includes products such as Virtual Private Networks (VPNs) and firewalls. Juniper faces competition from the likes of Cisco, CheckPoint and IBM. With software-defined networking gaining steam, security has become a major concern for customers given the involvement of white label hardware.