Yahoo Finance Juniper (JNPR) Solutions to Augment citizenM Guest Experience
Juniper Networks, Inc. JNPR recently inked an agreement with citizenM for an undisclosed amount to augment the latter’s network capabilities for superior hotel experience across the globe. With guest-centric technology that provides personalized experiences for guests, Juniper solutions are likely to enhance citizenM’s hotel connectivity at low operational costs.
citizenM operates a chain of 31 ‘affordable luxury’ hotels across premier global destinations and aims to extend it to 40 by 2024. It has redefined the hospitality sector with a bouquet of luxury hotels at affordable prices that curate memorable experiences for guests. With expansion plans on the horizon and rising customer visits, citizenM required a seamless network solution that would help it with digital transformation efforts.
Juniper perfectly fit the bill with its portfolio of routing, switching and security products. In addition to Mist Cloud and Mist AI, Juniper’s Wireless Access points and EX4400 Multigigabite switches are used to streamline and simplify network operations and ensure a top-notch experience for end users. It helps to increase network security through next-generation firewalls that effectively protect all hotel properties and the Amsterdam headquarters from cyberattacks while connecting them to the citizenM’s cloud resources.
Along with secure connectivity with personalized experiences for guests, Juniper solutions also facilitate seamless deployment and management of IT infrastructure across multiple distributed properties. Its Mist AI, zero-touch provisioning and automated workflows help to set up network facilities through the cloud and proactively detect and fix anomalies to expedite troubleshooting without the need for onsite resources.
Juniper is set to capitalize on the growing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. The company is offering new suites of products, such as the T4000 core router, QFX data center platform, ACX and PTX packet/optical solution, among others. With the growing use of smartphones and tablets, mobile data traffic has gone up. This has resulted in higher demand for advanced networking architecture, leading service providers to spend more on routers and switches. Juniper is expected to benefit from the higher spending pattern among carriers to upgrade their networks to support incremental growth in data traffic.
Despite short-term challenges, particularly within the cloud and service provider verticals, Juniper expects healthy progress in most areas of its business, which augurs well for its long-term growth. The company has made significant changes to its go-to-market structure to better align its sales strategies with each of its core customer verticals. Moreover, several new products are in the pipeline, which are expected to further strengthen its competitive position across service provider, cloud and enterprise markets.
The stock has lost 3.9% over the past year compared with the industry’s decline of 10.8%.
Image Source: Zacks Investment Research
Juniper currently has a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Key Picks
Arista Networks, Inc. ANET, sporting a Zacks Rank #1, is likely to benefit from the strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 14.2% and delivered an earnings surprise of 14.2%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
TESSCO Technologies Incorporated TESS, sporting a Zacks Rank #1, delivered an earnings surprise of 107%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 29.1% over the past year.
TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.
Nokia Corporation NOK, carrying a Zacks Rank #2, is another key pick. By unlocking network efficiencies with a software upgrade, Nokia has reduced the total cost of ownership for mobile operators. The company is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio.
It has a long-term earnings growth expectation of 1.8% and delivered an earnings surprise of 9.7%, on average, in the trailing four quarters. Nokia is witnessing healthy momentum in its focus areas of software and enterprise, which augurs well for the licensing business. It is poised to benefit from copper and fiber deployments of passive optical networking.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nokia Corporation (NOK) : Free Stock Analysis Report
Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report
TESSCO Technologies Incorporated (TESS) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
