Revenues of $572 million
In 2Q17, Juniper Networks (JNPR) saw routing product revenues of $572 million, a rise of 10% quarter-over-quarter and flat YoY (year-over-year). Juniper’s Cloud vertical drove its Routing segment’s revenues in 2Q17, which was offset by its Telecom/Cable and Strategic Enterprise segments.
Juniper’s revenue growth from its MX and PTX products were offset by a decline from its legacy products.
Juniper’s MX products provide a Universal Edge Platform to support residential, mobile, and business services. The company noted that its PTX product is the first Supercore packet in this industry that “delivers powerful capabilities based on innovative ExpressPlus silicon and a forwarding architecture that is focused on optimizing MPLS and Ethernet.”
Cisco Systems leads the routing market
At the end of 1Q17, Juniper Networks had a 15.6% share in the worldwide routing market. Cisco Systems (CSCO) remained the dominant player with a share of 43.9%.
China’s (FXI) Huawei had a market share of 19.8% in 1Q17, up from 16.3% in 1Q16 and 18.8% in 4Q16. Its revenues rose 17% YoY.
In comparison to Huawei’s rapidly increasing market share, Juniper’s Routing segment’s revenues have been flat over the last five years. Due to saturation in a mature market, Juniper’s revenues have grown at a CAGR[1. compound annual growth rate] of 1% between fiscal 2011 and fiscal 2016.