Juniper Networks, Inc. Completes Restatement of Financial Statements
SUNNYVALE, CA - March 12, 2007 - Juniper Networks, Inc. (NASDAQ: JNPR) today announced that it has filed with the SEC its Annual Report on Form 10-K for the year ended December 31, 2006 as well as its previously delayed Quarterly Reports on Form 10-Q for the second and third quarters of 2006. These filings contain financial statements that were restated as a result of the stock option review, including those required to be restated for prior periods. The company's periodic filings with the SEC are now current.
With these filings and additional submissions previously delivered to NASDAQ, Juniper believes that it has now that it has regained compliance with the requirements for continued listing on the NASDAQ Global Select Market; however, the company awaits confirmation of compliance from NASDAQ.
Juniper Networks develops purpose-built, high performance IP platforms that enable customers to support a wide variety of services and applications at scale. Service providers, enterprises, governments and research and education institutions rely on Juniper to deliver a portfolio of proven networking, security and application acceleration solutions that solve highly complex, fast-changing problems in the world's most demanding networks. Additional information can be found at www.juniper.net.
Juniper Networks and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries.
Juniper believes that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to the company's financial condition and results of operations. For further information regarding why Juniper believes that these non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the Form 8-K filed by Juniper today, which is available on the SEC's website at www.sec.gov or on the company's website at https://www.juniper.net/company/investor_relations/index.html.