) have been showing an uptrend post its acquisition of WANDL,
Inc., a provider of software solutions. Juniper announced the
acquisition on Dec, 16, for a purchase consideration of $60.0
million. The acquisition is likely to close in Jan 2014.
With this acquisition, Juniper will be in a better position to
provide enhanced network performance, increased flexibility of
the network infrastructure and reduced cost for companies. The
acquisition will help Juniper to improve its customer
relationships and also expand market share by providing improved
networking solutions and communications devices to its existing
and new clients.
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WANDL is a provider of advanced software solutions that provide
greater visibility into the network layers. It provides network
analysis, simulation, optimization and capacity planning for
organizations, which helps to increase productivity and
operational efficiency. Considering WANDL's market position and
customer clout, the integration should help Juniper Networks
expand its customer base.
We note that in October, Juniper had announced a partnership with
Thursby Software to offer secure solutions to government
employees for accessing government resources via
) iOS devices. The partnership involved the integration of
Juniper's Junos Pulse Secure Access Service and Thursby's PKard
software and card reader hardware.
Juniper exited the third quarter of 2013, with total cash, cash
equivalents and investments of $2.85 billion compared with $2.79
billion in the previous quarter. We believe that given a strong
cash position Juniper will be in a better position to further
strengthen its place in networking solutions through more
Moreover, Juniper's traction in the Software Defined Networking
(SDN) space is a major positive. Juniper is optimistic about the
SDN products and believes that the technology is increasingly
attracting customer attention. With gradual demand growth, we
believe Juniper is well positioned to generate steady revenues
from this area.
However, the pending outcome of the SEC investigation,
Cisco Systems, Inc.
), still-sluggish federal spending, and unfavorable macroeconomic
conditions remain near-term headwinds.
Currently, Juniper has a Zacks Rank #3 (Hold).