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Juniper Networks' Performance in Fiscal 2016: A Detailed Look

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Part 4
Juniper Networks' Performance in Fiscal 2016: A Detailed Look PART 4 OF 10

Where Does Juniper Networks Stand in the Switching Segment?

Major players in the switching market

According to market research firm IDC (International Data Corporation), Cisco Systems’ (CSCO) revenues in the Ethernet switching market fell 2.8% YoY (year-over-year) in 4Q16. Its market share was 55.6% compared to 57.0% in 3Q16 and 59.1% in 4Q15.

The other major players in this market include Hewlett Packard Enterprise (HPE), Juniper Networks (JNPR), and China’s (FXI) Huawei.

Where Does Juniper Networks Stand in the Switching Segment?

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HPE’s Ethernet switch revenues fell 2.2% YoY in 4Q16. The company has a market share of 5.0% compared to 5.5% in 3Q16. Huawei’s revenues rose 67.8% YoY in 4Q16 with a market share of 9.9%. Juniper’s Switching revenues rose 2.9% YoY. According to IDC, the worldwide Ethernet switch market rose 3.5% YoY in 4Q16 to $6.7 billion.

Switching revenue rose 12% in fiscal 2016

Juniper Networks’ Switching revenue rose 12.0% YoY (year-over-year) in fiscal 2016 to $858.0 million, from $768.3 million in fiscal 2015. Revenue rose 7.0% YoY in fiscal 2015. Switching revenue in 4Q16 rose 19.0% YoY and 13.0% QoQ (quarter-over-quarter) to $251.0 million, primarily driven by cloud providers and offset by a decline in enterprise.

In 4Q16, Juniper Networks’ QFX product grew 90.0% YoY. In 1Q16, the company introduced the QFX 10008 spine switch and stated that customers will get a “complete and compelling solution for the cloud.”

Juniper Networks’ revenue growth in its Switching segment outpaced industry growth of 3.5% in 4Q16.

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