Juniper Networks delivers reliable and secure networking technology to customers, including network operators, telecommunication and cloud providers, enterprise IT teams, lines of businesses and network users. The company's solutions address secure connectivity needs for cloud and telecommunication service providers and enterprises in various industries. Juniper's AI-native, enterprise networking operations (AIOps) software-as-a-service (SaaS) platform leverages data and automation to enable reliable, predictable, measurable user experience and superior performance for operators by simplifying deployment and day-to-day operations across the entire network. The company believes this is their key differentiator.

Juniper's strategic approach, "Experience-First Networking", focuses on delivering networking solutions that are easy to deploy, resolve issues quickly and proactively assure network performance that meets business outcomes and are secure by design.

• Employees: 11,144 (as of December 31, 2023)
• Geographic Footprint: More than 150 countries across Americas, EMEA, and APAC
• Headquarters: Sunnyvale, California
• Founded: Not explicitly stated in the 10K
• Number of locations/facilities: Not explicitly stated in the 10K
• Revenue: $5.56 billion (FY2023)
• Market Share: Not explicitly stated in the 10K
• Key Subsidiaries/Brands: Not explicitly stated in the 10K

• CEO: Rami Rahim
• CFO: Kenneth B. Miller
• COO: Manoj Leelanivas
• General Counsel: Robert Mobassaly
• Chief Revenue Officer: Christopher Kaddaras

Rami Rahim joined Juniper in January 1997 and became Chief Executive Officer of Juniper and a member of the Board of Directors in November 2014. Manoj Leelanivas joined Juniper in March 2018 and has served as Executive Vice President, Chief Operating Officer since June 2021. Robert Mobassaly joined Juniper in February 2012 and has served as Senior Vice President, General Counsel since July 2021. Kenneth B. Miller joined Juniper in June 1999 and has served as our Executive Vice President, Chief Financial Officer since February 2016. Thomas A. Austin joined Juniper in September 2019 and has served as our Group Vice President and Chief Accounting Officer since July 2022. Christopher Kaddaras joined Juniper as our Executive Vice President, Chief Revenue Officer in October 2022.

• Annual Revenue: $5.56 billion (FY2023)
• Net Income: $310.2 million (FY2023)
• Market Cap: Approximately $9.8 billion (as of June 30, 2023)
• Total Assets: $9.52 billion (as of December 31, 2023)
• Employees: 11,144 (as of December 31, 2023)
• Key Financial Highlights: Net revenues increased by 5% year-over-year, gross margin increased to 57.5%, operating income decreased by 9% year-over-year, and net income decreased by 34% year-over-year (FY2023).

Juniper offers a range of products and services across three main categories:

• Automated Wide Area Networking: Routing solutions for Wide Area Networking. Key products include ACX Series, MX Series, PTX Series, and Juniper Paragon.
• AI-Driven Enterprise: Cloud management, networking, and security solutions for campus and branch environments. Key products include Juniper Access Points, EX Series, Session Smart Routers, and Wired, Wireless, and WAN Assurance driven by Mist AI.
• Cloud-Ready Data Center: Fabric management, switching, network security, and software-defined networking (SDN) solutions for next generation public and private data centers. Key products include QFX Series and Juniper Apstra.

The company also offers a variety of services, including maintenance and support, professional services, SaaS, and education and training programs.

Juniper categorizes its customers into three verticals:

• Enterprise: Includes retail companies, healthcare institutions, financial services, national, federal, state, and local governments, as well as research and educational institutions.
• Cloud: Includes cloud service providers (hyperscalers and Tier-2 cloud providers) and enterprises that provide SaaS, infrastructure-as-a-service, or platform-as-a-service.
• Service Provider: Includes wireline and wireless carriers and cable operators.

The company does not provide revenue breakdown by segments.

Juniper's strategy, "Experience-First Networking", focuses on delivering networking solutions that are easy to deploy, resolve issues quickly and proactively assure network performance that meets business outcomes and are secure by design. Key strategic initiatives include:

• Product innovation: Developing high performance silicon, systems, and software for secure networks at scale.
• Unified AIOps for end-to-end assured experiences: Leveraging data, cloud-native architecture, and advanced technologies (automation, insights, and AI-driven actions) to simplify deployment and operations, deliver reliable, secure and high-quality connections, and enable a superior network experience.
• Openness and choice: Open and programmable cloud platform for third party integration, management and security designed for heterogenous environments.
• Zero Trust security: Easy to automate Zero Trust at scale via unified management experience and single policy framework.

Juniper operates in the network infrastructure market, which is characterized by rapid change, converging technologies, and a migration to solutions that combine high-performance networking with cloud technologies. Key competitors include Cisco Systems, Arista Networks, Ciena Corporation, Extreme Networks, Hewlett Packard Enterprise Co., Huawei Technologies Co., Ltd., Fortinet, Inc., Nokia Corporation, and NVIDIA Corporation.

Juniper's competitive strengths include performance, scale, and ultimate flexibility of its next generation silicon, cost-effective and high-performance IP transport platforms, power optimized cloud metro portfolio, common Junos OS, and secured, assured, AI-assisted automation.

The company does not provide specific market share information in the 10K.

• Risks Related to the Merger: The announcement of the merger with HPE and its pendency may result in disruptions to Juniper's business, divert management's attention, and negatively impact operating results. Completion of the merger is subject to various conditions, including regulatory approvals, and may not be completed. Litigation may arise in connection with the merger.
• Risks Related to Business Strategy and Industry: Juniper's quarterly results are unpredictable and subject to substantial fluctuations. The company expects gross and operating margins to vary over time. Backlog may not be an accurate indicator of future revenues. The company derives a material portion of its revenues from a limited number of customers. If the company is unable to compete effectively, its business and financial results could be harmed. Fluctuating economic conditions make it difficult to predict revenues and gross margin.
• Risks Related to Technology and Business Operations: If the demand for network and IP systems does not continue to grow, Juniper's business, financial condition, and results of operations could be adversely affected. Issues in the development and use of artificial intelligence may result in reputational harm or liability. If the company does not anticipate technological shifts, market needs and opportunities, it may not be able to compete effectively. The company's strategy to expand its software business could adversely affect its competitive position. If the company's products do not interoperate with customers' networks, installations will be delayed or cancelled. The company depends on contract manufacturers and original design manufacturers as well as single-source and limited source suppliers. The company faces significant risks to its business and operations due to political and economic tensions between China and Taiwan. System security risks, data protection breaches, and cyberattacks could compromise the company's and its customers' proprietary information. Disruption in the company's distribution channels could seriously harm its future revenue and financial condition. The company relies on the performance of its business systems and third-party systems and processes. The company's ability to develop, market, and sell products could be harmed if it is unable to retain or hire key personnel. The company's business could be negatively impacted by oversight of ESG matters and/or its reporting of ESG matters.