Asian Worries Continue For Juniper Networks Inc. (NYSE:JNPR) Amidst Progress
A network infrastructure company, Juniper Networks, Inc. (NYSE:JNPR) today announced that one of the leading government research centers in the U.S., Brookhaven National Laboratory (BNL) has upgraded its network core with company’s MX2000 Series routers.
Juniper Networks, Inc. (NYSE:JNPR)’s MX2000 Series router will help enable BNL’s network to efficiently carry extremely large data flow. The upgrade will enable the lab to fully leverage its computing capabilities to advance various studies related to nano-materials research, nuclear physics, and also help enable cross-disciplinary research integrating climate change, Earth’s ecosystems and sustainable energy.
UBS 2013 Global Technology Conference
Juniper Networks, Inc. (NYSE:JNPR)’s Rami Rahim, Executive Vice President for Platform Systems Division yesterday presented at UBS 2013 Global Technology Conference. Rami briefed the audience about the company, its strategic focus and also touched upon the financials of Platform Systems Division.
Rami Rahim introduced Juniper Networks, Inc. (NYSE:JNPR) as the company that focuses on service provider and enterprise market segments. Rami also mentioned about company’s recent announcements related to MetaFabric, next generation data center architecture. He also pointed 3Q13 as the record revenue quarter for the division as the product revenue grew 17% year over year to $742 million. However most of the growth was driven by routing business as the switching revenue remained flat year over year.
The Asian Trouble
Talking about broader finances in the network infrastructure industry, Asia seems to be troublesome at least for Western competitors considering China push for home grown technologies. Juniper Networks, Inc. (NYSE:JNPR) reported around 8% year over year revenue decline in the Asia Pacific region.
The story of Asian trouble remains the same for industry leaders as well. International Business Machines Corp. (NYSE:IBM) reported 22% slowdown in China alone. The European industry leader, Ericsson (ADR) (NASDAQ:ERIC) also reported worrisome 28% decline in the northeastern Asia region.