Shaygan Kheradpir has resigned from his post as CEO of Juniper Networks following a review the company's board of directors made of his conduct related to a negotiation with one of their customers.
Juniper Networks has issued lower Q3 2014 guidance, announcing that it expects revenues of $1.1 to $1.12 billion, down from its previous forecast of $1.15 to $1.2 billion. The Sunnyvale, Calif.-based company attributes the decline to lower-than-expected service orders from service providers, particularly those in the United States.
Cisco might still be the dominant router vendor in terms of units sold, but its influence appears to be slipping.
AT&T is enhancing its growing cloud services ambitions by adding Alcatel-Lucent and Fujitsu to its User-Defined Network Cloud program it initially launched in February.
Service providers may be interested in adopting software-defined networking (SDN) and network functions virtualization (NFV), but Infonetics says their cautious outlook on these technologies is driving them to be more cautious with spending capital on new routers and switches.
Cybersecurity software vendor Palo Alto Networks reached a settlement to pay Juniper Networks $175 million to resolve a patent dispute between the two companies.
At the 2014 Mobile World Congress this past February, Rajeev Suri, then CEO of Nokia's networks business, shot down rumors that the company was seeking a merger deal with Juniper Networks, though he did indicate that the companies might expand their existing partnership. A week after Suri was named CEO of Nokia, the two companies announced that they have, in fact, expanded their relationship to advance telco cloud offerings for mobile broadband.
Juniper Networks has offered a plug-in for its OpenContrail controller to the OpenDaylight Project. According to a description on the OpenDaylight wiki log, the plug-in "will provide the integration/interworking between the OpenDaylight controller and OpenContrail."
Juniper Networks is going to lay off 6 percent of its employee base as part of a broader restructuring effort in the wake of a call from its activist shareholder Elliot Management to cut costs.
Arista Networks, an emerging switching vendor focused on large data center and computing environment opportunities, filed papers to conduct an initial public offering to raise up to $200 million, reports Reuters.