Product Declines Continue for Juniper; Cloud and Service Provider Weakness; Maintaining $22 FVE
No-moat Juniper Networks' 7.5% year-over-year revenue decline in the first quarter was slightly better than our forecast, while margins were in line with our expectations. Comparing Juniper's customer verticals with the prior year, cloud decreased 18%, service provider declined 9%, and enterprise grew 3%. Services growth of 3% year over year was pulled down by routing, switching, and security declining annually by 8%, 23%, and 7%, respectively. Software sales grew for the ninth sequential quarte...Juniper Networks designs, develops and sells products and services for networks. The company sells its products in three geographic regions: Americas; Europe, Middle East, and Africa; and Asia Pacific. The company sells its network products and service offerings across routing, switching, and security technologies. In addition, the company provides its customers services, including maintenance and support, services, and education and training programs. The company's products and services address network requirements for its customers within its vertical: Cloud, Service Provider, and Enterprise. The company's portfolio addresses domains in the network: core; edge; access and aggregation; data centers; and campus and branch.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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