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Juniper’s Business Segment Performance in 4Q17 and Fiscal 2017

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Mar. 23 2018, Updated 7:31 a.m. ET

Routing

In 4Q17, Juniper Networks’ (JNPR) Routing revenues fell 22.0% YoY (year-over-year) to $509.0 million, driven by a decrease in its Cloud and Telecom/Cable verticals. The company saw its PTX and MX product verticals decline in 4Q17.

In fiscal 2017, Juniper Networks’ Routing revenues fell 7.0% YoY to ~$2.2 billion following sales declines across its business verticals. While its PTX product drove revenues in 2017, Juniper’s MX revenues declined year-over-year.

PTX routers provide optical transport integration, performance, and deployment. Juniper Networks had a share of 18.0% in the service provider routing market at the end of 2017.

Among Juniper Networks’ peers, Cisco Systems (CSCO) and China’s (FXI) Huawei had market shares of 36.7% and 23.8%, respectively.

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Switching

Switching revenues for Juniper Networks fell 7.0% YoY to $233.0 million in 4Q17. These revenues were driven by a decline in Cloud and were partially offset by Strategic Enterprise. Juniper Networks’ sales for the QFX and EX family of products declined in 4Q17.

Switching revenues rose 12.0% YoY in 2017 primarily due to data center strength in the Cloud vertical. The company’s QFX products reported annual revenues that rose 25.0% YoY last year.

Security

Juniper Networks’ Security product revenues rose 8.0% YoY to $88.0 million, driven by Strategic Enterprise. The company’s SRX product drove sales in 4Q17. In 2017, its SRX revenues fell 8.0% to $293.0 million.

Service revenues

Sales for Juniper Networks’ Services business rose 2.0% YoY to $409.0 million. In fiscal 2017, sales for this segment rose 8.0% YoY to $1.6 billion. Its revenue growth was driven by strong renewal and attach rates of support contracts.

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