Equipment provider Juniper Networks (NASDAQ:JNPR, news, filings) made a few financial moves today, putting some cash to use. First, they announced the JunOS Innovation fund. That’s $50M of venture capital they will use to spur investment in new networking technologies. Essentially, they want to encourage lots of outside development on their own JunOS operating system so that their customers will have more choices than they themselves can provide.
And also this morning, Juniper announced the addition of another $1B to its stock buyback program. They did the same thing back in 2008, and spent $732M of it – which is quite alot of stock. Juniper’s willingness to commit its cash is another signal that that the recession is over, at least in terms of telecommunications capex spending. Of course, they do have $2B on the balance sheet that they’ve been saving for a rainy day. So they’ve got a lot more to spend if they want to.
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Categories: Financials · Telecom Equipment
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