Juniper Networks#Acquisitions and investments

File:Juniper Networks found Pradeep Sindhu headshot.jpeg

Pradeep Sindhu,{{cite news|title=Business: Spot the difference; Juniper Networks|newspaper=The Economist|date=September 1, 2001|url=http://www.economist.com/node/761092}} a scientist with Xerox's Palo Alto Research Center (PARC), conceived the idea for Juniper Networks while on vacation in 1995{{cite book

| last =Votteler

| first =Ed

| title =International Directory of Company Histories: Juniper Networks, Inc.

| publisher =St. James Press

| volume =43

| date =2002

| pages =251–255

}}

and founded the company in February 1996.{{cite news|newspaper=Telephony|first=Sandra|last=Guy|date=September 2, 1997|title=Startup sprouts with lofty goals}} Sindhu wanted to create data packet-based routers that were optimized for Internet traffic (packet switching), whereby the routing and transferring of data occurs "by means of addressed packets so that a channel is occupied during the transmission of the packet only, and upon completion of the transmission the channel is made available for the transfer of other traffic."Martin Weik - [https://books.google.com/books?id=ZCYBCAAAQBAJ&dq=packet-switching&pg=PA718 Fiber Optics Standard Dictionary] Springer Science & Business Media 6 Dec 2012, 1219 pages, {{ISBN|1461560233}} [Retrieved 2015-08-04]National Telecommunication Information Administration - [https://books.google.com/books?id=xSa_AAAAQBAJ&dq=addressed+packets+of+data&pg=SL16-PA1 Telecommunications: Glossary of Telecommunications Terms] published by Government Institutes 1 Apr 1997, 480 pages, {{ISBN|1461732328}}, Volume 1037, Part 3 of Federal Standard [Retrieved 2015-08-04] He was joined by engineers Bjorn Liencres from Sun Microsystems and Dennis Ferguson from MCI Communications.{{cite news|title=Startups introduce faster routers|last=Duke|first=Jeremy|newspaper=Electronic News|date=November 24, 1997}}

Sindhu started Juniper Networks with $2 million in seed funding, which was followed by $12 million in funding in the company's first year of operations.{{cite news|title=Startup snags $40M in a bid to redefine routers|last=Wirbel|first=Loring|newspaper=Electronic Engineering Times|date=September 1, 1997}} About seven months after the company's founding, Scott Kriens was appointed CEO to manage the business, while founder Sindhu became the Chief Technology Officer.{{cite news|title=The ties that bind|date=April 6, 1998|url=https://www.forbes.com/forbes/1998/0406/6107124a.html|newspaper=Forbes|access-date=December 11, 2014|first=Eric|last=Nee}} By February 1997, Juniper had raised $8 million in venture funding.{{cite news|newspaper=Los Angeles Times|first=Steve|last=Steinberg|date=February 24, 1997|access-date=November 19, 2014|title=Cisco ' s Shift in Focus May Well Have Cost It Its Vision|url=https://www.latimes.com/archives/la-xpm-1997-02-24-fi-31985-story.html}} Later that year, Juniper Networks raised an additional $40 million in investments{{cite news|url=http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/1997/08/29/BU70920.DTL|title=Startup Gets $40 Million To Loosen Cisco's Hold|date=29 August 1997|publisher=San Francisco Chronicle|access-date=4 February 2009 | first=Tom | last=Abate}} from a round that included four out of five of the largest telecommunications equipment manufacturers: Siemens, Ericsson, Nortel and 3Com.{{cite news|date=August 29, 1997|url=http://news.cnet.com/2100-1001-202830.html|publisher=CNET|access-date=December 5, 2014|first=Ben|last=Heskett|title=Net start-up has rich friends}}{{cite news|title=Four makers of telecom equipment join to invest in project to speed up Internet|last=Christian|first=Hill|newspaper=Wall Street Journal|date=August 29, 1997}}{{cite news|newspaper=Network World|first=Tim|last=Greene|date=September 1, 1997|title=Juniper attracts big money}}{{cite news|title=Top firms pour funds into Juniper|first=Carol|last=Haber|newspaper=Electronic News|date=September 8, 1997|page=56}} Juniper also received $2.5 million from Qwest and other investments from AT&T.{{cite news|title=Juniper remains dark horse|last=Carter|first=Wayne|newspaper=Telephony|date=December 15, 1997}}

Juniper Networks had $3.8 million in annual revenue in 1998. By the following year, its only product, the M40 router, was being used by 50 telecommunications companies. Juniper Networks signed agreements with Alcatel and Ericsson to distribute the M40 internationally. A European headquarters was established in the United Kingdom and an Asia-Pacific headquarters in Hong Kong. A subsidiary was created in Japan and offices were established in Korea in 1999.{{cite news|title=U.S. net-gear vendors court Korea|first=B H|last=Seo|newspaper=Electronic Engineering Times (Korea)|date=January 31, 2000}} Juniper Networks's market share for core routers grew from 6% in 1998 to 17.5% one year later,{{cite news|first1=Andy|last1=Reinhardt|title=Juniper: Fresh Competitor? Fresh Meat? Some analysts compare this networking newcomer to Cisco eight years ago.|newspaper=Fortune Magazine|first2=Angela|last2=Key|date=May 15, 2000|access-date=December 11, 2014|url=https://money.cnn.com/magazines/fortune/fortune_archive/2000/05/15/279750/index.htm}} and 20% by April 2000.{{cite news|title=Corporate profile: The rout to success...|date=April 5, 2000|first=Chris|last=Hughes|newspaper=The Independent}}

Juniper Networks filed for an initial public offering in April 1999{{cite news|title=Business Brief -- JUNIPER NETWORKS INC.: IPO Filing Made to Offer Shares Totaling $70 Million|newspaper=Wall Street Journal|date=April 22, 1999|page=B4}} and its first day on the NASDAQ was that June.{{cite news|title=Juniper Networks Shares Soar in Offering|url=https://www.wsj.com/articles/SB930319631496660420|first1=Scott|last1=Thurm|first2=Stephanie|last2=Mehta|newspaper=The Wall Street Journal|date=June 28, 1999|page=B6|access-date=May 3, 2015}} The stock set a record in first-day trading in the technology sector by increasing 191%{{cite news|title=Juniper: A Net Hardware Maker's Golden IPO|newspaper=Fortune Magazine|first=Jeanne|last=Lee|date=August 2, 1999|url=https://money.cnn.com/magazines/fortune/fortune_archive/1999/08/02/263631/index.htm|access-date=December 15, 2014}} to a market capitalization of $4.9 billion.{{cite news|title=Juniper Networks leading red-hot pack of valley IPOs|date=July 4, 1999|url=http://www.bizjournals.com/sanjose/stories/1999/07/05/story8.html?page=all|access-date=December 12, 2014|newspaper=Silicon Valley Business Journal}} According to Telephony, Juniper Networks became the "latest darling of Wall Street",{{cite news|title=Terabit rumbles shake the landscape|last=LaBarba|first=Liane|newspaper=Telephony|date=July 5, 1999}} reaching a $7 billion valuation by late July.{{cite news|title=Silicon Valley's idea man: A partner in one of the leading venture capital firms in California's high-tech haven, Vinod Khosla is a firm believer in the value of the free-thinking entrepreneur in the age of the Internet|first1=Roger|last1=Taylor|first2=Don|last2=Mills|date=July 26, 1999}} Within a year, the company's stock grew five-fold.

Juniper Networks's revenues grew 600% in 2000 to $673 million.{{cite news|newspaper=BusinessWeek|url=http://www.businessweek.com/stories/2001-02-06/for-juniper-single-mindedness-wins-the-race|archive-url=https://archive.today/20150414173953/http://www.businessweek.com/stories/2001-02-06/for-juniper-single-mindedness-wins-the-race|url-status=dead|archive-date=April 14, 2015|date=February 6, 2001|access-date=December 8, 2014|title=For Juniper, Single-Mindedness Wins the Race|first=Jane|last=Black}} That same year, Juniper Networks moved its headquarters from Mountain View to Sunnyvale, California.

By 2001, Juniper controlled one-third of the market for high-end core routers, mostly at the expense of Cisco Systems sales.{{cite news|last=Files|first=Jennifer|title=Juniper in High-Speed Chase of Cisco|newspaper=The San Jose Mercury News|date=May 27, 2001|url=http://www.mercurynews.com/business/ci_26404354/from-archive-2001-juniper-high-speed-chase-cisco|access-date=December 8, 2014}}{{cite web|url=http://www.thestreet.com/tech/networking/1184179.html|title=Juniper Snatching Router Market Share From Cisco|date=November 22, 2000|publisher=The Street.com|access-date=February 4, 2009|archive-date=December 5, 2008|archive-url=https://web.archive.org/web/20081205095943/http://www.thestreet.com/tech/networking/1184179.html|url-status=dead}} According to Businessweek, "analysts unanimously agree[d] that Juniper's boxes [were] technically superior to Cisco's because the hardware does most of the data processing. Cisco routers still relied on software, which often results in slower speeds." However, Cisco provided a broader range of services and support and had an entrenched market position. The press often depicted Juniper and Cisco as a "David versus Goliath" story.{{cite news|first=Peter|last=Purton|date=March 15, 2000|title=Juniper Networks is purpose-built to serve a new market, an internet infrastructure capable of connecting 520 million people|newspaper=Financial Times}} Cisco had grown through acquisitions to be a large generalist vendor for routing equipment in homes, businesses and for ISPs, whereas Juniper was thought of as the "anti-Cisco" for being a small company with a narrow focus.{{cite news |last=Harvey |first=Fiona |author-link=Fiona Harvey |date=January 17, 2001 |title=Relentless competitor in the shadow of a giant |newspaper=Financial Times}}

In January 2001, Cisco introduced a suite of router products that Businessweek said was intended to challenge Juniper's increasing market-share. According to Businessweek, Juniper's top-end router was four times as fast at only twice the cost of comparable Cisco products.{{cite news|title=Juniper: The Upstart That's Eating Cisco's Lunch|date=September 10, 2000|url=http://www.businessweek.com/stories/2000-09-10/juniper-the-upstart-thats-eating-ciscos-lunch|archive-url=https://archive.today/20150414173956/http://www.businessweek.com/stories/2000-09-10/juniper-the-upstart-thats-eating-ciscos-lunch|url-status=dead|archive-date=April 14, 2015|access-date=December 12, 2014|newspaper=BusinessWeek|first=John|last=Shinal}} Cisco's routers were not expected to erode Juniper's growing share of the market, but other companies such as Lucent, Alcatel, and startups Avici Systems and Pluris had announced plans to release products that would out-pace Juniper's routers.

Juniper introduced a suite of routers for the network edge that allowed it to compete with Cisco. Juniper's edge routers had a 9% market share two months after release. Both companies made exaggerated marketing claims; Juniper promoted its products as stable enough to make IT staff bored and Cisco announced lab tests from Light Reading proved its products were superior to Juniper, whereas the publication itself reached the opposite conclusion. By 2002, both companies were repeatedly announcing products with faster specifications than the other in what Network World called a "'speeds-and-feeds' public relations contest".{{cite news|title=Juniper looks beyond core routers|url=http://www.computerworld.com.au/article/25521/juniper_looks_beyond_core_routers/|last=Stephen|first=Lawson|newspaper=Network World|date=March 25, 2002|access-date=April 20, 2015}}

By 2004, Juniper controlled 38% of the core router market.{{cite news|last=Lee|first=Dan|newspaper=The San Jose Mercury News|date=November 19, 2004|title=Juniper Networks gains more ground on Cisco}} By 2007, it had a 5%, 18% and 30% share of the market for enterprise, edge and core routers respectively.{{cite news|newspaper=Network World|first=Jim|last=Duffy|date=April 17, 2008|access-date=November 19, 2014|title=Cisco's IOS vs. Juniper's Junos|url=https://www.networkworld.com/article/803758/data-center-cisco-s-ios-vs-juniper-s-junos.html}} Alcatel-Lucent was unsuccessful in challenging Juniper in the core router market but continued competing with Juniper in edge routers along with Cisco.{{cite news|title=Cisco Talks Tough Over Juniper Gear|first=Don|last=Clark|date=September 12, 2011|url=https://www.wsj.com/news/articles/SB10001424053111903532804576564620338230988?mod=googlenews_wsj&mg=reno64-wsj|access-date=December 22, 2014|newspaper=The Wall Street Journal}}{{cite news|title=Company says market is ripe now for the 7950 XRS, which scales to 32Tbps and 160 100G Ethernet ports|first=Jim|last=Duffy|date=May 22, 2012|newspaper=Network World|url=https://www.networkworld.com/article/709910/lan-wan-10-years-later-alcatel-lucent-revisits-cisco-and-juniper-in-the-core.html|access-date=January 10, 2015}}

In late 2000, Juniper formed a joint venture with Ericsson to develop and market network switches for internet traffic on mobile devices,{{cite news|title=Business Brief -- Juniper Networks Inc.: Joint Venture With Ericsson Will Sell Advanced Switches|newspaper=The Wall Street Journal|date=December 1, 2000}}{{cite news|title=It takes two to network|last=Weber|first=Toby|newspaper=Telephony|date=December 4, 2000}} and with Nortel for fiber optic technology.{{cite news|title=Nortel, Juniper form fibre alliance|newspaper=The Ottawa Citizen|date=June 30, 2000}} In 2001, Juniper introduced a technical certification program and was involved in the first optical internet network in China.{{RP|12}} Juniper's growth slowed in 2001 as the telecommunications sector experienced a slowdown{{cite news|title=Juniper Networks Cites Sluggish Sales As It Posts a Loss|first=Scott|last=Thurm|newspaper=The Wall Street Journal|date=July 13, 2001|page=B6}} and revenues fell by two-thirds during the dot-com bust.{{cite news|title=King of the Road|first=Om|last=Malik|date=September 2004|newspaper=Business 2.0}} 9 to 10% of its workforce was laid off.{{cite news|title=Juniper announced it will cut work force|date=June 9, 2001|publisher=Associated Press|url=https://news.google.com/newspapers?nid=1291&dat=20010609&id=ZUlUAAAAIBAJ&pg=1486,1693448|access-date=December 3, 2014}}

Juniper had rebounded by 2004, surpassing $1 billion in revenues for the first time that year{{citation|publisher=Juniper Networks|title=2004 Annual Report|journal=CSA News |date=2005 |volume=50 |issue=4S1 |page=1 |doi=10.1002/j.2325-3584.2005.tb02765.x |bibcode=2005CSAN...50....1. |url=http://investor.juniper.net/files/doc_financials/annual_reports/juniper-annual-report-2004.pdf|access-date=December 21, 2014}} and reaching $2 billion in revenue in 2005.{{cite news|newspaper=Barrons|url=http://online.barrons.com/articles/SB50001424053111904255004580029252567849766|access-date=December 23, 2014|title=Juniper Networks: Why the Stock Could Climb 30% or More|first=Tiernan|last=Ray|date=July 19, 2014}} Beginning in 2004, with the acquisition of NetScreen, Juniper Networks began developing and marketing products for the enterprise segment.{{cite news|title=Juniper gains corp. network ground|url=http://www.networkworld.com/article/2315230/lan-wan/juniper-gains-corporate-network-ground.html|archive-url=https://web.archive.org/web/20150505060510/http://www.networkworld.com/article/2315230/lan-wan/juniper-gains-corporate-network-ground.html|url-status=dead|archive-date=May 5, 2015|newspaper=Network World|first=Jim|last=Duffy|date=October 24, 2005|access-date=May 4, 2015}} Juniper had a reputation for serving ISPs, not enterprises, which it was trying to change.{{cite news|title=Juniper: Secured & assured?|first=Tim|last=Greene|newspaper=Network World|date=April 25, 2005|url=http://www.networkworld.com/article/2320274/wireless/juniper--secured---assured-.html|archive-url=https://web.archive.org/web/20150505062016/http://www.networkworld.com/article/2320274/wireless/juniper--secured---assured-.html|url-status=dead|archive-date=May 5, 2015|access-date=February 6, 2015}}{{cite news|title=Juniper angling for broader role|last=Greene|first=Tim|newspaper=Network World|date=June 9, 2008}} By 2005, enterprise customers accounted for one-third of the company's revenues, but it had spent $5 billion in acquisitions and R&D for the enterprise market.{{cite news|title=Juniper feels growing pains|newspaper=Network World|url=https://www.networkworld.com/article/820700/lan-wan-juniper-feels-growing-pains.html|first=Jim|last=Duffy|access-date=February 6, 2015|date=June 11, 2007}}

In 2006, more than 200 US companies restated their financial results due to a series of investigations into stock backdating practices.{{cite news|title=Juniper Will Pay $169 Million to Settle Options Backdating Suit|first=Joel|last=Rosenblatt|date=February 11, 2010|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTc9CLbkWbHw|publisher=Bloomberg|access-date=December 22, 2014}}{{cite news|title=Juniper Networks hit by Dollars 900m stock option charge|first=Kevin|last=Allison|newspaper=Financial Times|date=December 21, 2006}} Juniper stockholders alleged the company engaged in deceptive backdating practices that benefited its top executives unfairly. In December 2006, Juniper restated its financials, charging $900 million in expenses to correct backdated stock options from 1999 to 2003. This was followed by a $169 million settlement with stockholders in February 2010.{{cite news|title=Juniper settles option backdating suit for $169 mln|date=February 11, 2010|url=http://uk.reuters.com/article/juniper-backdating-idUSN1019708920100211|archive-url=https://web.archive.org/web/20161107221452/http://uk.reuters.com/article/juniper-backdating-idUSN1019708920100211|url-status=dead|archive-date=November 7, 2016|publisher=Reuters|access-date=December 22, 2014}}

In July 2008, Juniper's first CEO, Scott Kriens, became chairman and former Microsoft executive Kevin Johnson was appointed CEO.{{cite web|url=http://news.cnet.com/8301-13860_3-9998192-56.html|title=Kevin Johnson to leave Microsoft for Juniper|date=July 23, 2008|publisher=CNET News|access-date=January 29, 2009|archive-date=October 11, 2008|archive-url=https://web.archive.org/web/20081011195003/http://news.cnet.com/8301-13860_3-9998192-56.html|url-status=dead}}{{cite news|newspaper=eWeek|title=From Microsoft to Juniper|last=Burt|first=Jeffrey|date=August 4, 2008}} Johnson focused the company more on software, creating a software solutions division headed by a former Microsoft colleague, Bob Muglia. Juniper also hired other former Microsoft executives to focus on the company's software strategy and encourage developers to create software products that run on the Junos operating system.{{cite news|title=The Microsofting of Juniper Networks|url=https://www.networkworld.com/article/736870/lan-wan-the-microsofting-of-juniper-networks.html|date=September 24, 2010|newspaper=Network World|first=Jim|last=Duffy|access-date=February 6, 2015}} Juniper established partnerships with IBM, Microsoft and Oracle for software compatibility efforts.{{cite news|title=Juniper says the switch is on|first=Jim|last=Duffy|newspaper=Network World|date=February 4, 2008}} The SSL/VPN Pulse product family was launched in 2010, then later spun off to a private equity firm in 2014 for $250 million.{{cite news|title=Juniper to Sell Junos Pulse Security Unit for $250 Million|first=Jeffrey|last=Burt|date=July 25, 2014|url=http://www.eweek.com/networking/juniper-to-sell-junos-pulse-security-unit-for-250-million.html#sthash.n1tBy5Bn.dpuf|archive-url=https://archive.today/20150414173957/http://www.eweek.com/networking/juniper-to-sell-junos-pulse-security-unit-for-250-million.html%23sthash.n1tBy5Bn.dpuf|url-status=dead|archive-date=April 14, 2015|access-date=January 20, 2015|newspaper=eWeek}}

In 2012, Juniper laid off 5% of its staff and four of its high-ranking executives departed.{{cite news|title=Juniper Networks tried to sell enterprise assets: report|first=Jim|last=Duffy|newspaper=Network World|date=February 26, 2013|url=http://www.networkworld.com/article/2163898/lan-wan/juniper-networks-tried-to-sell-enterprise-assets--report.html|archive-url=https://web.archive.org/web/20140710141630/http://www.networkworld.com/article/2163898/lan-wan/juniper-networks-tried-to-sell-enterprise-assets--report.html|url-status=dead|archive-date=July 10, 2014|access-date=December 23, 2014}}{{cite news|title=Juniper Networks sees another top exec leave|first=Jim|last=Duffy|date=October 23, 2012|newspaper=Network World|url=http://www.networkworld.com/article/2160937/lan-wan/juniper-networks-sees-another-top-exec-leave.html|archive-url=https://web.archive.org/web/20141113065923/http://www.networkworld.com/article/2160937/lan-wan/juniper-networks-sees-another-top-exec-leave.html|url-status=dead|archive-date=November 13, 2014|access-date=December 23, 2014}} The following year, CEO Kevin Johnson announced he was retiring once a replacement was found.{{cite news|title=Juniper CEO announces retirement following blowout Q2 results|first=Jim|last=Duffy|newspaper=Network World|date=July 23, 2013|url=http://www.networkworld.com/article/2168417/lan-wan/juniper-ceo-announces-retirement-following-blowout-q2-results.html|archive-url=https://web.archive.org/web/20150410061912/http://www.networkworld.com/article/2168417/lan-wan/juniper-ceo-announces-retirement-following-blowout-q2-results.html|url-status=dead|archive-date=April 10, 2015|access-date=December 23, 2014}} In November 2013, Juniper Networks announced that Shaygan Kheradpir would be appointed as the new CEO.{{cite news|title=Juniper taps new CEO with CIO roots|first=Jim|last=Duffy|date=November 13, 2013|newspaper=Network World|url=http://www.networkworld.com/article/2171794/lan-wan/juniper-taps-new-ceo-with-cio-roots.html|archive-url=https://web.archive.org/web/20140715141214/http://www.networkworld.com/article/2171794/lan-wan/juniper-taps-new-ceo-with-cio-roots.html|url-status=dead|archive-date=July 15, 2014|access-date=October 30, 2014}} He started the position in January 2014.{{cite news|title=New CEO Kheradpir Lays Out Vision For Future Of Juniper Networks|first=Kristin|last=Bent|date=January 16, 2014|url=http://www.crn.com/news/networking/240165442/new-ceo-kheradpir-lays-out-vision-for-future-of-juniper-networks.htm|access-date=May 3, 2015|newspaper=CRN}}{{cite news|title=Juniper CEO Resigns After Review Over Customer Negotiation|first=Dina|last=Bass|publisher=Bloomberg|access-date=May 3, 2015|url=https://www.bloomberg.com/news/articles/2014-11-10/juniper-ceo-resigns-after-review-over-customer-negotation}}

In January 2014, hedge fund, activist investor and Juniper shareholder Elliott Associates advocated that Juniper reduce its cash reserves and cut costs,{{cite news|title=Elliott calls on Juniper Networks to return $3.5 billion to investors|first=Stephen|last=Foley|url=http://www.ft.com/intl/cms/s/0/096a1c42-7c77-11e3-b514-00144feabdc0.html#axzz3MfMPoC5c|archive-url=https://ghostarchive.org/archive/20221211141222/https://www.ft.com/content/096a1c42-7c77-11e3-b514-00144feabdc0#axzz3MfMPoC5c|archive-date=December 11, 2022|url-access=subscription|url-status=live|newspaper=Financial Times|access-date=December 22, 2014|date=January 13, 2014}} before Kheradpir was officially appointed.{{cite news|date=September 2, 2014|title=Juniper CEO: From CIO to CEO in Three Steps|first=Clint|last=Boulton|newspaper=The Wall Street Journal|url=https://blogs.wsj.com/cio/2014/09/02/juniper-ceo-from-cio-to-ceo-in-three-steps/|access-date=October 31, 2014}} That February, Juniper reached an agreement with Elliott and other stakeholders for an Integrated Operating Plan (IOP) that involved repurchasing $2 billion in shares, reducing operating expenses by $160 million and appointing two new directors to its board.{{cite news|title=Juniper Networks, Under Pressure, Unveils Buyback and Dividend Plan|first1=Don|last1=Clark|first2=David|last2=Benoit|date=February 20, 2014|url=https://www.wsj.com/news/articles/SB10001424052702304275304579395440693842598?mod=WSJ_qtoverview_wsjlatest|newspaper=The Wall Street Journal|access-date=December 22, 2014}}{{cite news|title=Juniper Networks Reaches Deal With Hedge Fund|first=William|last=Alden|date=February 20, 2014|newspaper=The New York Times|url=https://dealbook.nytimes.com/2014/02/20/juniper-networks-reaches-deal-with-hedge-fund/?_r=0|access-date=December 22, 2014}} That April, 6% of the company's staff were laid off to cut expenses.{{cite news|title=Juniper Networks to Cut Global Workforce by 6%|first=John|last=Kell|date=April 2, 2014|url=https://www.wsj.com/news/articles/SB10001424052702303987004579477940134789148?mg=reno64-wsj|newspaper=The Wall Street Journal|access-date=December 23, 2014}} In November 2014, Kheradpir unexpectedly resigned following a review by Juniper's board of directors regarding his conduct in a negotiation with an unnamed Juniper customer.{{cite news|first=Alex|last=Konrad|newspaper=Forbes|date=November 10, 2014|url=https://www.forbes.com/sites/alexkonrad/2014/11/10/mysterious-customer-negotiation-leads-to-sudden-ouster-of-juniper-networks-ceo/|title=Mysterious Customer Negotiation Leads To Sudden Ouster Of Juniper Networks CEO|access-date=November 11, 2014}} An internal Juniper executive, Rami Rahim, took his place as CEO.{{cite news|title=Juniper CEO Resigns After Review Over Customer Negotiation|first1=Dina|last1=Bass |first2=Denni|last2=Hu|date=November 11, 2014}}

In May 2014, Palo Alto Networks agreed to pay a $175 million settlement for allegedly infringing on Juniper's patents for application firewalls.{{cite news|title=Palo Alto Networks to Pay $175 Million to Resolve Suit With Juniper|first1=Asma|last1=Ghribi|first2=Tess|last2=Stynes|url=https://www.wsj.com/articles/palo-alto-networks-to-pay-175-million-to-resolve-suit-with-juniper-1401309775|access-date=December 23, 2014|newspaper=The Wall Street Journal|date=May 28, 2014}}

In 2015, Wired magazine reported that the company announced it had found unauthorized code that enabled backdoors into its ScreenOS products.{{cite web|url=https://www.wired.com/2015/12/juniper-networks-hidden-backdoors-show-the-risk-of-government-backdoors/ |title=Secret Code Found in Juniper's Firewalls Shows Risk of Government Backdoors |website=Wired.com |date=2015-12-18 |access-date=2018-03-12}} The code was patched with updates from the company.

In January 2024, the company agreed to be purchased by Hewlett Packard Enterprise (HPE) for $14 billion in an all-cash deal{{cite news|title=HPE to acquire Juniper Networks for $14 billion|first=Jordan|last=Novet|url=https://www.cnbc.com/2024/01/09/hpe-to-acquire-juniper-networks-for-14-billion.html |publisher=CNBC}} to boost HPE's networking and artificial intelligence resources.{{Cite web |title=HPE to buy Juniper Networks in $14bn deal |url=https://www.ft.com/content/65069405-95f2-4d06-9da0-03f87115b35a |access-date=2024-01-10 |work=Financial Times|date=January 10, 2024 |last1=Bradshaw |first1=Tim |last2=Edgecliffe-Johnson |first2=Andrew |last3=Kinder |first3=Tabby |last4=Fontanella-Khan |first4=James }} The acquisition was contested by the U.S. Department of Justice in January 2025, citing concerns about reduced competition and innovation, leading to higher prices for consumers.{{Cite news |last=Ott |first=Matt |date=January 30, 2025 |title=Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise |url=https://apnews.com/article/hewlett-packard-enterprise-juniper-acquisition-9d6b4a3a39413480cb9e7ecd58f6ae1b |work=Associated Press}}

{{Main|List of acquisitions by Juniper Networks}}

By 2001, Juniper had made only a few acquisitions of smaller companies, due to the leadership's preference for organic growth. The pace of acquisition picked up in 2001 and 2002 with the purchases of Pacific Broadband and Unisphere Networks.{{cite news|title=Juniper acquisitions yield small-system CMTS gear|last=Stump|first=Matt|newspaper=Multichannel News|date=October 7, 2002|url=http://www.multichannel.com/news/orphan-articles/juniper-acquisitions-yield-small-system-cmts-gear/148732|access-date=April 20, 2015}} In 2004 Juniper made a $4 billion acquisition of network security company NetScreen Technologies.{{cite news|newspaper=Network World|title=Juniper acquires NetScreen|url=https://www.networkworld.com/article/879576/wireless-juniper-acquires-netscreen.html|first=Jim|last=Duffy|access-date=December 20, 2014|date=February 9, 2004}} Juniper revised NetScreen's channel program that year and used its reseller network to bring other products to market.{{cite news|title=Juniper launches new unified partner program|first=Jennifer|last=Hagendorf|newspaper=CRN|date=July 5, 2004}}

Juniper made five acquisitions in 2005, mostly of startups with deal values ranging from $8.7 to $337 million. It acquired application-acceleration vendor Redline Networks, VOIP company Kagoor Networks, as well as wide area network (WAN) company Peribit Networks.{{cite news|title=Juniper CEO Urges End to Status Quo|url=http://www.crn.com/news/networking/163101040/juniper-ceo-urges-end-to-status-quo.htm|first=Jennifer|last=Hagendorf|newspaper=CRN|date=May 16, 2005}} Peribit and Redline were incorporated into a new application products group and their technology was integrated into Juniper's infranet framework.{{cite news|title=Acquisitions take Juniper to enterprise|first=Loring|last=Wirbel|newspaper=Electronic Engineering Times|date=May 2, 2005}}{{cite news|title=Juniper Acquisitions Could Revamp Enterprise Nets|first=Curtis|last=Franklin|newspaper=Network Computing|date=May 12, 2005}} Afterwards, Juniper did not make any additional acquisitions until 2010.

From 2010 to September 2011, Juniper made six acquisitions and invested in eight companies. Often Juniper acquired early-stage startups, developing their technology, then selling it to pre-existing Juniper clients. Juniper acquired two digital video companies, Ankeena Networks and Blackwave Inc., as well as wireless LAN software company Trapeze Networks.{{cite news |url=https://www.networkworld.com/article/715668/wireless-juniper-buys-wlan-pioneer-trapeze-for-152-million.html |title=Juniper buys WLAN pioneer Trapeze for $152 million |author=Jim Duffy |date=Nov 16, 2010 |publisher=Network World |access-date=April 23, 2015}} In 2012, Juniper acquired Mykonos Software, which develops security software intended to deceive hackers already within the network perimeter.{{cite news|title=Juniper Networks Buys Mykonos Software for $80 million|first=Fahmida|last=Rashid|date=February 22, 2012|url=http://www.eweek.com/c/a/Security/Juniper-Networks-Buys-Mykonos-Software-for-80M-424128/|archive-url=https://archive.today/20141223214854/http://www.eweek.com/c/a/Security/Juniper-Networks-Buys-Mykonos-Software-for-80M-424128/|url-status=dead|archive-date=December 23, 2014|access-date=December 22, 2014|newspaper=eWeek}} and a developer of software-defined network controllers, Contrail Systems.{{cite news|title=Juniper buys SDN startup for $176M|first=Jim|last=Duffy|newspaper=Network World|date=December 12, 2012|url=https://www.networkworld.com/article/667217/data-center-juniper-buys-sdn-startup-for-176m.html|access-date=December 22, 2014}} In 2014, Juniper acquired the software-defined networking (SDN) company WANDL.{{cite news|title=Juniper broadens SDN for carriers|first=Jim|last=Duffy|newspaper=Network World |date=February 23, 2014|url=https://www.networkworld.com/article/687340/lan-wan-juniper-broadens-sdn-for-carriers.html}}

In April 2016, Juniper closed its acquisition of BTI, a provider of cloud and metro network technology, in an effort to beef up its data center interconnect and metro packet optical transport technology and services.{{cite news|title=Juniper Closes BTI Acquisition to Beef Up DCI|url=https://www.lightreading.com/data-center/data-center-interconnect-/juniper-closes-bti-acquisition-to-beef-up-dci/d/d-id/722377|first=Mitch|last=Wagner|newspaper=Light Reading|date=April 4, 2016}} Juniper acquired cloud operations management and optimization startup AppFormix in December 2016.{{cite news|title=Juniper Networks acquires cloud optimization service AppFormix|url=https://techcrunch.com/2016/12/01/juniper-networks-acquires-cloud-optimization-service-appformix/|first=Frederic|last=Lardinois|newspaper=TechCrunch|date=December 1, 2016}} In 2017, Juniper bought Cyphort, a Silicon Valley startup that makes security analytics software.{{cite news|title=Juniper to buy security software startup Cyphort|url=https://www.zdnet.com/home-and-office/networking/juniper-to-buy-security-software-startup-cyphort/|first=Natalie|last=Gagliordi|newspaper=ZDNet|date=August 31, 2017}} Juniper acquired cloud storage company HTBASE in November 2018.{{cite news|title=Juniper Networks buys cloud storage company HTBASE|url=https://www.fiercetelecom.com/telecom/juniper-networks-makes-a-move-cloud-htbase-buy|first=Mike|last=Robuck|newspaper=Fierce Telecom|date=November 29, 2018}} In April 2019, Juniper acquired wireless LAN (WLAN) startup Mist Systems to bolster its software-defined enterprise portfolio and multicloud offerings.{{cite news|title=Juniper Networks buys Mist Systems for $405 million|url=https://www.zdnet.com/article/juniper-networks-buys-mist-systems-for-405-million/|first=Natalie|last=Gagliordi|newspaper=ZDNet|date=March 4, 2019}} In February 2022, it was announced Juniper had acquired WiteSand, a specialist cloud-native zero trust network access control (NAC) solutions company.{{Cite web|date=2022-02-16|title=Juniper acquires cloud networking start-up WiteSand|url=https://www.itpro.co.uk/business-strategy/acquisition/362247/juniper-acquires-cloud-networking-startup-witesand|access-date=2022-02-17|website=TechCentral.ie|language=en-GB}}

Juniper Networks designs and markets IT networking products, such as routers, switches and IT security products. It started out selling core routers for ISPs, and expanded into edge routers, data centers, wireless networking, networking for branch offices and other access and aggregation devices.

Juniper is the third largest market-share holder overall for routers and switches used by ISPs.{{cite news|title=Carrier Router and Switching Market Worth $12.8 billion|first=Sean|last=Kerner|date=February 23, 2011|url=http://www.enterprisenetworkingplanet.com/datacenter/Carrier-Router-and-Switching-Market-Worth-128-billion-3925856.htm|newspaper=Enterprise Networking Planet|access-date=January 10, 2015|archive-date=September 12, 2015|archive-url=https://web.archive.org/web/20150912043814/http://www.enterprisenetworkingplanet.com/datacenter/Carrier-Router-and-Switching-Market-Worth-128-billion-3925856.htm|url-status=dead}}{{citation|title=Demand for service provider routers weakens in third quarter 2014, according to Dell'Oro Group|date=December 2, 2014|url=http://www.delloro.com/news/demand-service-provider-routers-weakens-third-quarter-2014-according-delloro-group#sthash.ATblibBP.dpuf|publisher=Dell'Oro Group|access-date=April 22, 2015|archive-date=July 31, 2015|archive-url=https://web.archive.org/web/20150731014545/http://www.delloro.com/news/demand-service-provider-routers-weakens-third-quarter-2014-according-delloro-group#sthash.ATblibBP.dpuf|url-status=dead}} According to analyst firm Dell'Oro Group, it is the fourth largest for edge routers{{cite news|url=http://www.delloro.com/news/service-provider-edge-router-and-switch-market-reaches-record-levels-according-to-delloro-group|title=Service Provider Edge Router and Switch Market Reaches Record Levels, According to Dell'Oro Group|access-date=January 10, 2014|date=September 3, 2013|publisher=Dell'Oro Group|archive-date=March 3, 2016|archive-url=https://web.archive.org/web/20160303100429/http://www.delloro.com/news/service-provider-edge-router-and-switch-market-reaches-record-levels-according-to-delloro-group|url-status=dead}} and second for core routers with 25% of the core market.{{cite news|title=Core router market grows for fourth consecutive quarter says Dell'Oro Group|publisher=LightWave|url=http://www.lightwaveonline.com/articles/2014/06/core-router-market-grows-for-fourth-consecutive-quarter-says-delloro-group.html|date=June 6, 2014|access-date=January 10, 2015}} It is also the second largest market share holder for firewall products with a 24.8% share of the firewall market.{{cite news|title=Enterprises are feeling the 'need for speed' in network firewalls|date=August 7, 2013|first=Fred|last=Donovan|url=http://www.fierceitsecurity.com/story/enterprises-are-feeling-need-speed-network-firewalls/2013-08-07|publisher=Fierce IT Security|access-date=April 22, 2015|archive-date=March 11, 2016|archive-url=https://web.archive.org/web/20160311112732/http://www.fierceitsecurity.com/story/enterprises-are-feeling-need-speed-network-firewalls/2013-08-07|url-status=dead}}{{citation|title=Carrier Network Firewalls|publisher=Gartner, Competitive Landscape: Carrier-Class Network Firewalls|first1=Deborah|last1=Kish|first2=Lawrence|last2=Pingree|date=October 2014}} In data center security appliances, Juniper is the second-place market-share holder behind Cisco.{{citation|title=Data Center Security Products|date=May 2014|first=Jeff|last=Wilson|publisher=Infonetics}} Juniper provides technical support and services through the J-Care program.{{cite news|title=Juniper revving support services|last=Greene|first=Tim|newspaper=Network World|date=June 9, 2008}}

As of February 2020, Juniper's product families include the following:

|

File:Juniper Networks PTX3000 packet transport router.jpg

File:Juniper Networks QFX5100 ethernet switch.jpg

File:Juniper Networks SRX3400 service gateway and security appliance.jpg

|}

Juniper Networks' first product was the Junos router operating system, which was released on July 1, 1998.{{cite news|newspaper=The Wall Street Journal|date=July 1, 1998|title=Juniper Networks Inc. Launching Product, Software for Internet}}{{cite news|newspaper=Infoworld|first=Stephen|last=Lawson|date=July 6, 1998|title=Juniper unveils Junos routing code for Net}} The first Juniper router was made available that September and was a core router for internet service providers called the M40.{{cite book|author=Doris E. Pavlichek|title=Juniper Networks Reference Guide: JUNOS Routing, Configuration, and Architecture|url=https://books.google.com/books?id=8ZAQR-_TJJcC|year=2002|publisher=Addison-Wesley Professional|isbn=978-0-201-77592-1}}{{RP|8}} It incorporated specialized application-specific integrated circuits (ASIC) for routing internet traffic that were developed in partnership with IBM.{{cite news|date=September 16, 1998|title=Juniper ships speedy router|first=Ben|last=Heskett|url=http://news.cnet.com/Juniper-ships-speedy-router/2100-1033_3-215617.html|publisher=CNET|access-date=December 17, 2014}}{{cite news|title=Start-Up One-Ups Cisco With Its 'Internet Router'|last=Lee|first=Yvonne |newspaper=Investor's Business Daily|date=September 23, 1998|page=A11}} It had ten times the throughput of comparable contemporary Cisco products.{{cite news|title=Juniper hopes to boost 'Net with massive M40 router|first=Jeff|last=Caruso|newspaper=Network World|date=September 21, 1998}}{{cite news|title=Juniper: Worth the price?|last=Schaff|first=William|newspaper=InformationWeek|date=August 23, 1999}} The M40 was followed by the smaller M20 router in December 1999 and the M160 in March 2000.{{cite news|url=http://news.cnet.com/2100-1033-238503.html&tag=st.ne.1002|title=Juniper trumps Cisco at its own game|date=March 28, 2000|publisher=CNET News |access-date=February 4, 2009}}{{cite news|title=Juniper to Introduce System For Faster Net Switching|first=Seth|last=Schiesel|date=March 28, 2000|url=https://www.nytimes.com/2000/03/28/business/juniper-to-introduce-system-for-faster-net-switching.html|newspaper=The New York Times|access-date=December 16, 2014}}

By 2000, Juniper had developed five hardware systems and made seven new releases of its Junos operating system.{{cite book|author=IDG Network World Inc|title=Network World|url=https://books.google.com/books?id=DBwEAAAAMBAJ&pg=PA56|date=April 23, 2001|publisher=IDG Network World Inc|pages=56–|issn=0887-7661}} That April, Juniper released the second generation of the internet processors embedded in its core routers.{{cite news|title=Juniper Networks to upgrade all its routers to Internet Processor II|last=Wirbel|first=Loring|newspaper=Electronic Engineering Times|date=April 17, 2000}} In April 2002, Juniper released the first of the T-series family (originally known under the code-name Gibson), which could perform four times as many route lookups per second as the M160.{{cite news|title=Juniper unveils 'Gibson' core router|first=Jim|last=Duffy|newspaper=Network World|date=April 29, 2002}}{{cite news|title=Staying Competitive -- Juniper Rolls Out Routers|first=Sandra|last=Rufolo|newspaper=VARBusiness|date=July 26, 2004}} The first products of the TX Matrix family, which could be used to combine up to four T-series routers, was released in December 2004.{{cite news|title=Juniper's, Cisco's Products Face Off in Core Router Space|first=Ed|last=Gubbins|newspaper=Telephony|date=December 13, 2004}}

By 2003, Juniper had diversified into three major router applications: core routers, edge routers and routers for mobile traffic.{{RP|9}} Juniper's first major diversification from core routers was when it entered the market for edge routers, by acquiring the e-series product family (originally known as ERX) through the purchase of Unisphere in 2000.{{cite news|title=Networking Gear Firm Takes Cautious Route; Things Are Better, But...; Company execs hopeful about a recovery, though they"re "not convinced"|first=Mike|last=Angell|date=July 24, 2003|page=A10|newspaper=Investor's Business Daily}}{{cite news|title=Juniper Nabs Unisphere for $740M|publisher=Light Reading|date=May 20, 2002|url=http://www.lightreading.com/ethernet-ip/juniper-nabs-unisphere-for-$740m/d/d-id/580524|access-date=December 20, 2014}} By 2002, both Cisco and Juniper had increased their focus on edge routers, because many ISPs had built up abundant bandwidth at the core.{{cite news|title=Anticipated routers stir up a new core-edge debate|last=Suppa|first=Carly|newspaper=Network World Canada|date=April 19, 2002|url=http://www.itworldcanada.com/article/anticipated-routers-stir-up-a-new-core-edge-debate/24617}} Several improvements to Juniper's software and its broadband aggregation features were released in late 2003. At this time, Juniper had the largest market-share (52%) of the broadband aggregation market.{{cite news|title=Juniper enhances edge offerings|first=Jim|last=Duff|newspaper=Network World|date=July 7, 2003|url=http://www.networkworld.com/article/2334843/lan-wan/juniper-enhances-edge-offerings.html|archive-url=https://web.archive.org/web/20150112062148/http://www.networkworld.com/article/2334843/lan-wan/juniper-enhances-edge-offerings.html|url-status=dead|archive-date=January 12, 2015|access-date=December 20, 2014}} In 2003, Juniper entered the market for cable-modem termination systems with the G-series product family after the acquisition of Pacific Broadband. The product family was discontinued later that year.{{cite news|title=Juniper terminates G-series|newspaper=Network World Canada|date=August 22, 2003}}

Juniper's first enterprise switch product was the EX 4200, which was released in 2008. In a comparative technical test, Network World said the EX4200 was the top performer out of network switches they tested in latency and throughput, but its multicast features were "newer and less robust" than other aspects of the product.{{cite news|title=Juniper switch proves to be credible choice|first=David|last=Newman|newspaper=Network World|date=July 14, 2008|url=https://www.networkworld.com/article/797306/lan-wan-juniper-switch-proves-to-be-credible-choice.html|access-date=January 10, 2015}} Juniper Networks announced the T1600 1.6 Terabits per second core router in 2007 and the newer T4000 4 Terabit router in 2010.{{cite news|title=Juniper Expands Core Routing Power with T4000|author=Sean Michael Kerner |date=November 15, 2010|url=http://www.enterprisenetworkingplanet.com/nethub/article.php/3913216/Juniper-Expands-Core-Routing-Power-with-T4000.htm|newspaper=Enterprise Networking Planet}} In 2012, it released the ACX family of universal access routers.{{cite news|title=New ACX Routers Usher in Universal Access|first=Sean|last=Kerner |date=February 8, 2012|url=http://www.enterprisenetworkingplanet.com/datacenter/new-acx-routers-usher-in-universal-access-.html|publisher=Enterprise Networking Planet|access-date=January 10, 2015}}{{cite news|title=Juniper launches ACX Universal Access router range|first=Jim|last=Duffy |date=February 8, 2012|url=http://www.techworld.com/news/networking/juniper-launches-acx-universal-access-router-range-3335891/#sthash.LgMkXLlG.dpuf|access-date=January 10, 2015|newspaper=Network World}} In 2013, the company made several new releases in the MX family of edge routers: it introduced a smaller version of its core routers called PTX3000, and several new enterprise routers were released.{{cite news|title=PTX3000 aimed at metro networks, Tier 2/3 providers|first=Jim|last=Duffy|date=March 18, 2013|newspaper=Network World|access-date=January 10, 2015|url=http://www.networkworld.com/article/2164485/lan-wan/juniper-unveils-smaller-core-router.html|archive-url=https://web.archive.org/web/20150809061734/http://www.networkworld.com/article/2164485/lan-wan/juniper-unveils-smaller-core-router.html|url-status=dead|archive-date=August 9, 2015}} Seven months later, Juniper acquired WANDL, and its technology was integrated into the NorthStar WAN controller Juniper announced in February 2014.

In February 2011, Juniper introduced QFabric, a proprietary protocol{{cite news| url=http://www.networkworld.com/article/2228952/cisco-subnet/trill---spb---fabricpath---qfabric---flat-network-confusion-.html| archive-url=https://web.archive.org/web/20160612143418/http://www.networkworld.com/article/2228952/cisco-subnet/trill---spb---fabricpath---qfabric---flat-network-confusion-.html| url-status=dead| archive-date=June 12, 2016|title=Trill? SPB? FabricPath? QFabric? Flat Network Confusion!|publisher=Network News |access-date=August 11, 2015}} methodology for transferring data over a network using a single network layer. Several individual products for the QFabric methodology were released throughout the year.{{cite news|title=Juniper to Unveil New Networking System|first=Cari|last=Tuna|date=February 23, 2011|url=https://www.wsj.com/articles/SB10001424052748703529004576160690841809326|access-date=December 23, 2014|newspaper=The Wall Street Journal}} In October 2013, Juniper introduced another network architecture called MetaFabric and a new set of switches, the QFX5100 family, as one of the foundations of the new architecture.{{cite news|title=Juniper Launches MetaFabric Network Architecture, Switches|first=Jeffrey|last=Burt|newspaper=eWeek|access-date=January 10, 2015|url=http://www.eweek.com/networking/juniper-launches-metafabric-network-architecture-switches.html|archive-url=https://archive.today/20150414174031/http://www.eweek.com/networking/juniper-launches-metafabric-network-architecture-switches.html|url-status=dead|archive-date=April 14, 2015|date=October 29, 2013}}

In February 2014, several software and hardware improvements were introduced for Juniper routers, including a series of software applications ISPs could use to provide internet-based services to consumers.{{cite news|title=Juniper broadens SDN for carriers|first=Jim|last=Duffy|date=February 23, 2014|newspaper=Network World|url=https://www.networkworld.com/article/687340/lan-wan-juniper-broadens-sdn-for-carriers.html|access-date=December 22, 2014}} In December 2014, Juniper introduced a network switch, OCX1100, that could run on either the Junos operating system or the Open Compute Project open-source software.{{cite news|title=Juniper Networks Embraces Open Source Hardware with Newest Switch|url=http://www.crn.com/news/networking/300075010/juniper-networks-embraces-open-source-hardware-with-newest-switch.htm|newspaper=CRN|date=December 4, 2014|first=Kristin|last=Bent|access-date=December 23, 2014}}{{cite news|title=Juniper unbundles switch hardware, software|first=Jim|last=Duffy|newspaper=Network World|date=December 3, 2014|url=https://www.networkworld.com/article/933322/juniper-unbundles-switch-hardware-software.html|access-date=December 23, 2014}}

File:Juniper Networks SRX5800 service gateway and security appliance.jpg

Juniper Networks introduced the JProtect security toolkit in May 2003. It included firewalls, flow monitoring, filtering and Network Address Translation (NAT).{{cite news|title=Tool Kit Extends Router Security; Juniper lets users determine features|last=Fisher|first=Dennis|newspaper=eWeek|date=June 2, 2003|url=http://www.eweek.com/c/a/Security/Tool-Kit-Extends-Router-Security/|access-date=December 20, 2014}}{{cite news|last=Dubowski|first=Stefan|newspaper=ComputerWorld Canada|date=Jun 27, 2003|url=http://www.itworldcanada.com/article/juniper-branches-out-with-secure-routers/20537|title=Juniper branches out with secure routers|access-date=December 20, 2014}} Through the 2004 acquisition of NetScreen Technologies, Juniper acquired the Juniper Secure Meeting product line,{{cite news|title=Juniper Appliance Guards Conferences|url=http://www.eweek.com/c/a/Messaging-and-Collaboration/Juniper-Appliance-Guards-Conferences/|access-date=May 3, 2015|newspaper=eWeek|date=May 3, 2004|first=Michael|last=Caton}} as well as remote desktop access software.{{cite news|url=http://www.eweek.com/c/a/Security/SSL-VPNs-Start-Making-Sense/|newspaper=eWeek|first=Andrew|last=Garcia|access-date=December 20, 2014|date=May 10, 2004|title=SSL VPNs Start Making Sense}} The NetScreen-5GT ADSL security appliance was the first new NetScreen product Juniper introduced after the acquisition and its first wireless product.{{cite news|title=Juniper scores with WLAN protector|first=Joel|last=Snyder|newspaper=Network World | date=Mar 7, 2005|url=http://www.networkworld.com/article/2319026/network-security/juniper-scores-with-wlan-protector.html|archive-url=https://web.archive.org/web/20150505063521/http://www.networkworld.com/article/2319026/network-security/juniper-scores-with-wlan-protector.html|url-status=dead|archive-date=May 5, 2015|access-date=December 21, 2014 }} The first Juniper product intended for small businesses was a remote access appliance that was released in August 2004.{{cite news|title=Juniper Does SSL for SMBs; Juniper Networks Inc. made a bid last week to dominate the Secure Sockets Layer VPN space among small and midsize businesses with a new line of low-cost appliances|first=Paula|last=Musich|newspaper=eWeek|date=August 23, 2004|url=http://www.eweek.com/c/a/Security/Juniper-Does-SSL-for-SMBs/|access-date=May 4, 2015}}{{cite news|title=Juniper zeroes in on SMBs, seeks more partners|last=Villano|first=Matt|newspaper=CRN|date=August 16, 2004}} An open interface for the development of third-party tools for the appliance was made available that September.{{cite news|title=Juniper Incorporates Third-Party Security; Options focus on endpoint integration|first=Paula|last=Musich|date=September 6, 2004}}

In September 2004, Juniper entered the market for enterprise access routers with three routers that were the first of the J-series product family. It used the channel partners acquired with NetScreen to take the routers to market.{{cite news|title=Juniper Networks' J-Series|first=David|last=Greenfield|newspaper=Network Magazine|date=July 2004}}{{cite news|title=Juniper J-series could challenge Cisco|first=Jennifer|last=Hagendorf|newspaper=CRN|date=June 21, 2004}} Juniper released its first dedicated NAC product in late 2005, which was followed by the acquisition of Funk Software for its NAC capabilities for switches.{{cite news|title=Juniper to Acquire Funk|last=Roberts|first=Paul|newspaper=eWeek|date=November 21, 2005|url=http://www.eweek.com/c/a/Enterprise-Networking/Juniper-to-Acquire-Funk/|access-date=December 21, 2014}} According to a 2006 review in Network World, Juniper's SSG 520 firewall and routing product was "the first serious threat" to competing products from Cisco.{{cite news|title=Juniper/NetScreen deal bears fruit|first=Joel|last=Snyder|newspaper=Network World | date=February 6, 2006|url=https://www.networkworld.com/article/846172/lan-wan-juniper-netscreen-deal-bears-fruit.html|access-date=December 22, 2014}} Juniper released the SRX family of gateway products in 2008. The gateways sold well, but customers and resellers reported a wide range of technical issues starting in 2010, which Juniper did not acknowledge until 2012, when it began providing updates to the product software.{{cite news|title=Juniper Partners On SRX Issues: Forgiven But Not Forgotten|date=January 19, 2012|first=Chad|last=Berndtson|url=http://www.crn.com/news/security/232500101/juniper-partners-on-srx-issues-forgiven-but-not-forgotten.htm|newspaper=CRN|access-date=January 10, 2015}}

In August 2011, Juniper and AT&T announced they would jointly develop the AT&T Mobile Security application based on Juniper's Pulse security software.{{cite news|title=ATandT Partners With Juniper Networks for Mobile Security Platform|first=Fahmida|last=Rashid|date=August 11, 2011|url=http://www.eweek.com/networking/ATandT-Partners-With-Juniper-Networks-for-Mobile-Security-Platform/|newspaper=eWeek|access-date=December 23, 2014}} In May 2012, Juniper released a series of new features for the web security software it acquired from Mykonos Software that February. Mykonos' software is focused on deceiving hackers by presenting fake vulnerabilities and tracking their activity.{{cite news|title=Juniper packs 30 new features into Web security software|first=Jim|last=Duffy|date=May 30, 2012|newspaper=Network World|url=https://www.networkworld.com/article/710174/security-juniper-packs-30-new-features-into-web-security-software.html|access-date=December 22, 2014}} In January 2014, Juniper announced the Firefly Suite of security and switching products for virtual machines.{{cite news|url=https://www.networkworld.com/article/685587/virtualization-juniper-announces-firefly-suite-for-virtual-machine-security.html|newspaper=Network World|date=January 16, 2014|access-date=March 27, 2015|first=Ellen|last=Messmer|title=Juniper announces Firefly Suite for virtual-machine security}} The following month Juniper Networks released several products for "intrusion deception", which create fake files, store incorrect passwords and change network maps in order to confuse hackers that have already penetrated the network perimeter.{{cite news|date=February 26, 2014|title=Juniper Networks urges companies to be active on cyber defence|first=Hannah|last=Kuchler|url=http://www.ft.com/intl/cms/s/0/2cfd21ee-9e8d-11e3-b429-00144feab7de.html#axzz3MfMPoC5c|archive-url=https://ghostarchive.org/archive/20221211141240/https://www.ft.com/content/2cfd21ee-9e8d-11e3-b429-00144feab7de#axzz3MfMPoC5c|archive-date=December 11, 2022|url-access=subscription|newspaper=Financial Times|access-date=December 22, 2014|url-status=live}}

File:Juniper networks backdoor admin password hidden in code.png

An analysis of Juniper's ScreenOS firmware code in December 2015 discovered a backdoor key using Dual EC DRBG allowing to passively decrypt the traffic encrypted by ScreenOS. This backdoor was inserted in the year 2008 into the versions of ScreenOS from 6.2.0r15 to 6.2.0r18 and from 6.3.0r12 to 6.3.0r20{{Cite web|title = Researchers confirm backdoor password in Juniper firewall code|url = https://arstechnica.com/security/2015/12/researchers-confirm-backdoor-password-in-juniper-firewall-code/|website = Ars Technica|date = December 21, 2015|access-date = 2016-01-16}} and gives any user administrative access when using a special master password.{{Cite web|title = Zagrożenia tygodnia 2015-W52 - Spece.IT|url = https://spece.it/bezpieczenstwo/zagrozenia-tygodnia-2015-w52|website = Spece.IT|date = December 23, 2015|access-date = 2016-01-16|language = pl-PL}} Some analysts claim that this backdoor still exists in ScreenOS.{{cite magazine | url=https://www.wired.com/2015/12/juniper-networks-hidden-backdoors-show-the-risk-of-government-backdoors | title=Secret Code Found in Juniper's Firewalls Shows Risk of Government Backdoors | author=Kim Zetter | magazine=Wired | date=2015-12-18 | access-date=2015-12-25 | archive-url=https://web.archive.org/web/20160604101834/https://www.wired.com/2015/12/juniper-networks-hidden-backdoors-show-the-risk-of-government-backdoors/ | archive-date=2016-06-04 | url-status=live }} Stephen Checkoway was quoted in Wired that "If this backdoor was not intentional, then, in my opinion, it's an amazing coincidence."{{cite magazine|url=https://www.wired.com/2016/01/new-discovery-around-juniper-backdoor-raises-more-questions-about-the-company/|title=New Discovery Around Juniper Backdoor Raises More Questions About the Company|date=8 January 2016|magazine=WIRED}}

In December 2015, Juniper Systems announced that they had discovered "unauthorized code" in the ScreenOS software that underlies their NetScreen devices, present from 2012 onwards. There were two vulnerabilities: One was a simple root password backdoor, and the other one was changing a point in Dual_EC_DRBG so that the attackers presumably had the key to use the preexisting (intentional or unintentional) kleptographic backdoor in ScreenOS to passively decrypt traffic.{{cite web|url=http://blog.cryptographyengineering.com/2015/12/on-juniper-backdoor.html|title=A Few Thoughts on Cryptographic Engineering|author=Matthew Green|date=December 22, 2015}}

According to a 2014 SWOT analysis by MarketLine, in recent history Juniper has been focusing on software-defined networking (SDN). It acquired SDN company Contrail Systems in December 2012. The following month Juniper announced its SDN strategy, which included a new licensing model based on usage and new features for the Junos operating system.{{cite news|title=Juniper finally talks SDNs|first=Jim|last=Duffy|newspaper=Network World |date=January 15, 2013|url=https://www.networkworld.com/article/668177/lan-wan-juniper-finally-talks-sdns.html}} In February 2013, Juniper released several SDN products, including the application provisioning software, Services Activation Director and the Mobile Control Gateway appliance.{{cite news|title=Juniper adds SDN to mobile networks|first=Jim|last=Duffy|newspaper=Network World|date=February 21, 2013|url=http://www.networkworld.com/article/2163592/lan-wan/juniper-adds-sdn-to-mobile-networks.html|archive-url=https://web.archive.org/web/20160216105414/http://www.networkworld.com/article/2163592/lan-wan/juniper-adds-sdn-to-mobile-networks.html|url-status=dead|archive-date=February 16, 2016|access-date=February 16, 2015}}

In May 2013, Juniper announced an SDN controller called JunosV Contrail, using technology it acquired through Contrail Systems.{{cite news|newspaper=Network World|date=May 6, 2013|url=https://www.networkworld.com/article/673068/lan-wan-juniper-closer-to-cisco-in-shipping-sdn-brains.html|title=Juniper closer to Cisco in shipping SDN brains|access-date=December 23, 2014|first=Jim|last=Duffy}} A series of SDN products were released in February 2014, such as a network management software product, Junos Fusion, and an SDN controller called NorthStar. Northstar helps find the optimal path for data to travel through a network.

Every year, since 2009, Juniper holds SDN Throwdown competition to encourage students from universities across the world to access NorthStar Controller and build a solution around it to optimize network throughput. In the 2019 competition, team led by Sumit Maheshwari (Rutgers University) took first place.{{cite news|date=Feb 26, 2019|url=https://soe.rutgers.edu/story/rutgers-team-wins-junipercomcast-sdn-throwdown-competition|title=Rutgers Team Wins Juniper Comcast SDN Throwdown Competition|access-date=March 13, 2019|archive-date=March 29, 2019|archive-url=https://web.archive.org/web/20190329025200/https://soe.rutgers.edu/story/rutgers-team-wins-junipercomcast-sdn-throwdown-competition|url-status=dead}} Jialu Sun (Santa Clara University) led his team to a second-place finish.{{cite news|date=Feb 26, 2019|url=https://www.scu.edu/engineering/alumni/five10-report/archives/may-2019-five10-report/|title=SCU Team Wins 2nd place Juniper Comcast SDN Throwdown Competition|access-date=March 13, 2019}}

In March 2015, Juniper announced a series of updates to the PTX family of core routers, the QFX family of switches, as well as updates to its security portfolio.{{cite news|title=Juniper Product Blitz Pushes Network Performance to Challenge Cisco|first=David|last=Needle|date=March 12, 2015|url=http://www.eweek.com/networking/juniper-product-blitz-pushes-network-performance-to-challenge-cisco.html#sthash.1tDju0RL.dpuf|archive-url=https://archive.today/20150414174002/http://www.eweek.com/networking/juniper-product-blitz-pushes-network-performance-to-challenge-cisco.html%23sthash.1tDju0RL.dpuf|url-status=dead|archive-date=April 14, 2015|newspaper=eWeek|access-date=March 24, 2014}}{{cite news|title=Juniper rewires the data center|first=Jim|last=Duffy|date=March 12, 2015|newspaper=Network World }}{{cite news|title=Juniper Unleashes New Networking Products, Boosts Security|first=Mark|last=Haranas|date=March 11, 2015|url=http://www.crn.com/news/networking/300076095/juniper-unleashes-new-networking-products-boosts-security.htm|newspaper=CRN|access-date=March 25, 2015}} According to a report published by technology consulting firm LexInnova, as of June 2015 Juniper Networks was the third largest recipient of network security-related patents with portfolio of 2,926 security-related patents.{{cite web | title=Australia is world's fourth-largest holder of network-security patents, analysis finds | website=CSO | date=July 3, 2015 | url=http://www.cso.com.au/article/578941/australia-world-fourth-largest-holder-network-security-patents-analysis-finds/ | access-date=July 3, 2015}}

In October 2018, Juniper announced a new offering called EngNet, which is a set of developer tools and information meant to help companies move toward automation, and replace the typical command-line interface.{{Cite news|url=https://www.theregister.co.uk/2018/10/12/juniper_engnet_plans/|title=Juniper shows its intent with Dev, er, no, sorry, make that... EngNet|access-date=2018-11-09|language=en}}

Juniper Networks has operations in more than 100 countries. Around 50% of its revenue is from the United States, 30% is from EMEA and 20% is from Asia. Juniper sells directly to businesses, as well as through resale and distribution partners, such as Ericsson, IBM, Nokia, IngramMicro and NEC.{{citation|title=Juniper Networks|url=http://www.vault.com/company-profiles/computer-hardware/juniper-networks,-inc/company-overview.aspx|access-date=December 24, 2014|publisher=Vault}} About 50% of Juniper's revenues are derived from routers, 13% from switches, 12% comes from IT security and 25% from services.{{citation|title=Juniper Networks Inc. Form 10-Q|url=http://d1lge852tjjqow.cloudfront.net/NYSE-JNPR/7122ab25-5599-4425-ad5b-70caadc72bf7.pdf?noexit=true|access-date=January 26, 2015|date=September 30, 2014}}

According to a 2013 report by Glassdoor, Juniper Networks has the highest paid software engineers in the technology sector by a margin of about $24,000 per year.{{cite news|title=Top-Paying Firm for Software Engineers? It's Not Apple or Google|first=Stephanie|last=Mlot|date=October 18, 2013|url=https://www.pcmag.com/article2/0,2817,2425951,00.asp|newspaper=PC Magazine}} It operates the Juniper Networks Academic Alliance (JNAA) program, which scouts fresh college graduates.{{cite news|title=Recruiters look beyond campuses: EMPLOYING Strategy MNCs are coming up with their own ways to employ best in market|first=Suparna|last=Bhattacharya|newspaper=dna India|date=September 27, 2013|url=http://www.dnaindia.com/bangalore/report-recruiters-look-beyond-campuses-1894677|access-date=December 22, 2014}}

According to a SWOT analysis by MarketLine, Juniper has "a strong focus" on research and development. R&D expenses have been between 22 and 25% of revenue from 2011 to 2013.{{citation|title=Juniper Networks, Inc. SWOT Analysis. |date=July 2014|publisher=MarketLine}} Most of the company's manufacturing is outsourced to three manufacturing companies: Celestica, Flextronics and Accton Technology. Juniper operates the Junos Innovation Fund, which was started with $50 million in 2010 and invests in early-stage technology companies developing applications for the Junos operating system.{{cite news|title=At A Crossroads, Juniper Networks Forges Ahead|first=Deborah|last=Gage|date=September 7, 2011|newspaper=VentureWire}}{{cite news|title=Juniper Networks plunking down $50 million to fund network startups|first=Bob|last=Brown|newspaper=Network World|access-date=December 22, 2014|url=https://www.networkworld.com/article/773429/lan-wan-juniper-networks-plunking-down-50-million-to-fund-network-startups.html|date=February 23, 2010}} As of 2011, Juniper Networks invested in 20 companies. This is estimated to be 1 to 2% of the companies it has evaluated for a potential investment.

In December 2015, Juniper issued an emergency security patch for a backdoor in its security equipment.{{Cite web|last=Evan Perez and Shimon Prokupecz|date=2015-12-18|title=Newly discovered hack has U.S. fearing foreign infiltration - CNNPolitics|url=https://www.cnn.com/2015/12/18/politics/juniper-networks-us-government-security-hack/index.html|access-date=2020-11-02|website=CNN}} Together with another vulnerability it allowed to bypass authentication and decrypt VPN traffic on ScreenOS.{{Cite web|date=2015-12-20|title=CVE-2015-7755: Juniper ScreenOS Authentication Backdoor|url=https://blog.rapid7.com/2015/12/20/cve-2015-7755-juniper-screenos-authentication-backdoor/|access-date=2020-11-02|website=Rapid7 Blog|language=en}} Analysis showed that the mechanism of the backdoor was created by the NSA, but might later have been taken over by an unnamed national government.{{Cite web|title=ImperialViolet - Juniper: recording some Twitter conversations|url=https://www.imperialviolet.org/2015/12/19/juniper.html|access-date=2020-11-02|website=www.imperialviolet.org}}{{Cite news|last=Menn|first=Joseph|date=2020-10-28|title=Spy agency ducks questions about 'back doors' in tech products|language=en|work=Reuters|url=https://www.reuters.com/article/us-usa-security-congress-insight-idUSKBN27D1CS|access-date=2020-11-02}}{{Cite news|last=Marks|first=Joseph|date=2020-06-11|title=The Cybersecurity 202: Two new developments challenge Justice Department arguments on encryption|url=https://www.washingtonpost.com/news/powerpost/paloma/the-cybersecurity-202/2020/06/11/the-cybersecurity-202-two-new-developments-challenge-justice-department-arguments-on-encryption/5ee17cdd88e0fa32f8237da5/|access-date=2020-11-02|newspaper=Washington Post}}

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