Juniper Underperforms ‘By Any Objective Measure’

Juniper Networks, Inc. (NYSE:JNPR) has grown by just 8% this year, far less than the S&P 500 or its own peer group, and ten days ahead of the company’s conference call Elliot Management (which owns 6.2% of Juniper’s common stock) is telling the company what it wants to see happening to drive shareholder value.

"Juniper Networks, Inc. (NYSE:JNPR)’s stock has severely and consistently underperformed the market and its peer group by any objective measure and over any relevant time period,” says the Elliot report. “This underperformance has been driven by the Company’s outsized cost structure, inefficient capital structure, poor M&A track record and execution issues caused by unsuccessful extensions into security and enterprise switching.”

In case that...