Product Type: Market Research Report
Published by: IE Market Research Corp.
Published: July 2007
Product Code: R735-121Description This market research report on Juniper Networks provides a comprehensive analysis of its strategies, operational and financial metrics. The report covers the key strategic issues facing the company and provides forecasts on its operations, notably we analyze in-depth the potential of Juniper’s recent innovations in routing and switching technologies to provide significant returns. We devote extensive coverage to Juniper’s financial performance and forecasts, highlighting 1Q07 results.
Table of Contents - Strategic Outlook
- Robust market growth expected to propel company figures
- New product cycles in Ethernet switching and core routing improve Juniper’s competitive positions vis-à-vis Alcatel and Cisco
- Shifts in competitive landscape manageable, but will add pressure to operating expenditures
- Recent management changes come at a challenging time for Juniper
- Operational Summary & Forecasts
- Core routing business strong, but emphasis is now on Edge routing
- Growth in the infrastructure segment will be the key driver of topline growth
- Infrastructure (routing) market trends favourable to Juniper
- Juniper holds fledgling, yet promising, share in network security market
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- Financial Summary & Forecasts
- Execution is key now
- Estimates
- Valuation
- Stock buybacks accelerate post completion of SEC filing
- Continued hiring pressures margins to two-year lows
- Siemens and Verizon were 28%+ customers
- Topline growth can accelerate to 15%-20% over the next two years
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- Figures:
- Table 1: Core routing market size and share trends 1Q06 - 1Q07 (USD millions)
- Table 2: Juniper’s new T1600 core router vs. Cisco’s CRS-1
- Table 3: Edge IP/MPLS routing market size and share trends 1Q06-1Q07 (USD millions)
- Table 4: Long term revenue forecasts FY05 - FY08 (USD millions)
- Table 5: Strong growth trends in carrier routing market, especially in edge routing, driven by carrier broadband upgrades 4Q05 - 4Q06 (USD millions)
- Table 6: Juniper lost share in core and edge routing in 2006, although we expect new products to reverse that trend over next two years (4Q05 - 4Q06)
- Table 7: Juniper network security trends over past three years (USD millions)
- Table 8: Top-down analysis indicates annual revenue growth potential of 19% over next two years resulting in 2008 sales of $3.26bn, versus our current forecast of $3.08bn (2003-2008E) (USD millions)
- Table A1: Key balance sheet data 2005A - 2009E (USD millions)
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