Juniper Networks reported increased revenue for its third quarter, but withheld most other financial information as it recalculates historical financials. Juniper’s revisions stem from the same type of incorrect accounting of stock options that has caused Cablevision and many other U.S. companies to revise their financial reports.
Juniper said its net revenues for the third quarter of 2006 were $573.6 million, up about 5 percent from the $546.4 million the company brought in last year. Net revenues for the nine months ended September 30, 2006 were $1,707.8 million, compared with $1,488.5 million for the same period last year, an increase of almost 15 percent.
Separately, Juniper introduced its MX960 Ethernet Services Router, a high-density, purpose-built, Carrier Ethernet platform. The company admits to being late to the party with an Ethernet router, but explained it has engineered a system that can be expanded to 480 GigE ports, which translates into anywhere from double to quadruple the maximum capacity of rival systems from Cisco or Alcatel.
The router is expected to provide aggregation at the edge of Ethernet networks. That’s still more appropriate for telco customers, but as cable operators start offering Ethernet-based services – notably business services – they will find the MX960 increasingly attractive, Juniper said.