Recommended Stories. The ZIP code you entered is outside the service areas of the states in which we operate. Apple and AMD suffered stock declines inbut that hasn't dampened their excellent long-term outlooks. Best Rating Services, Inc. You have selected the store.
Separately, the company said that Kevin Johnson, the CEO for the past five years, will retire once a replacement is named. Johnson spent 16 years at Microsoft Corp. He is on the board of Starbucks Corp. The stock is up 8. Juniper said that excluding special items, it would have earned 29 cents per share. Juniper said third-quarter results would be helped by continuing strong demand for its routers and switching gear and that it expects the security business to stabilize.
The Sunnyvale, Calif. Real Estate News. Games, Puzzles, and Crossword. About Us. Newsletters and Alerts. Community papers. U-T Events. District Court approval. Juniper, a networking hardware company based in California, admitted no fault or wrongdoing as part of the settlement.
The case, Reichert et al vs. Juniper Networks Inc. They alleged Juniper did not adequately monitor the investment options in the plan and that options provided to participants had unreasonably high fees compared to reasonable alternatives. They also alleged that Juniper did not disclose enough information to allow participants to make informed investment choices.
In November , Juniper filed a motion to dismiss. The motion alleged that the plaintiffs lacked standing to sue, since the funds with the higher fees were optional and the plaintiffs did not elect those funds.
In order to sue in federal court, the plaintiff must have been injured in some way, and you cannot be injured by an investment you did not make, argued the motion. Additionally, Juniper argued that the mere existence of lower cost funds does not prove imprudence and that the plaintiffs did not provide meaningful benchmarks to which the funds in question could be justly compared. The plaintiffs responded in February , arguing they can sue under ERISA on behalf of all plan participants, and the fact they did not suffer personally from the higher fees is legally immaterial.
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Things appear to be rebounding in the second quarter. And in the third, Juniper expects more of the same — strong routing and switching demand, and a stabilizing security business.
We are very pleased with our current momentum, and the health and strength of the company as we look towards a bright future in a growing industry.
Juniper has an exceptional management team and world-class employees and together we have grown our business and strengthened our position in the networking industry. Networks are being transformed by the rapid increase in traffic volume, cloud computing and the mobile Internet and we are entering a fresh cycle of customer investments in the network.
With this positive momentum, I believe it is a good time to transition to new leadership and drive the next phase of Juniper's growth, and I look forward to working with the board to ensure a seamless transition. I am confident in the current strength and long-term potential of Juniper's business, as evidenced by the results of the most recent quarter and the company's proven ability to innovate and execute.
Jim Duffy has been covering technology for over 25 years, 21 at Network World. About Juniper Networks Juniper Networks is in the business of network innovation.
From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking.
Additional information can be found at Juniper Networks www. Juniper Networks is a registered trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
Discover why two FAANG stocks are poised to bounce back in and beat the market with their current spring-loaded share price discounts, while another looks like a questionable idea today. Futures fell after U. Time to act, carefully, as the rally clears resistance. Tesla faces a big transition. NIO is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.
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As recently as the s, space exploration and travel were the exclusive domain of national or transnational governments. But in recent years private companies have begun cutting into that governmental dominance — and their encroachment is opening up vistas of opportunity for risk-tolerant investors.
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