Juniper sees reaching $2B in share repurchases by year-end Juniper says it has completed its $1.2B Accelerated Share Repurchase and that it is accelerating its remaining $800M of share repurchases into 2014. The company reported $325M in shares repurchased since July 23 and said it will reach $2B in repurchases by year-end. The company has already realized about $100M in annualized savings by Q2 under its IOP and said it remains committed to 25% operating margin for FY15. Information from presentation slides. Juniper Networks CFO/COO Robyn Denholm is speaking at the Oppenheimer Technology, Internet & Communications Conference.
Juniper and Elliott in talks on board additions, WSJ says According to a Wall Street Journal report from Friday evening, Juniper Networks and activist investor Elliott Management are in discussions about adding new directors to Juniper's board in a move that may prevent a proxy fight. Elliott management which owns a 9% stake in the telephone equipment maker has suggested certain candidates which Juniper is evaluating, added the Wall Street Journal. Reference Link
Barclays to hold a conference Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link