Juniper Networks Inc. (JNPR - Free Report) recently announced that its networking solutions have been adopted by a renowned car racing team, Lotus F1. Financial terms of the deal have not been disclosed.
Lotus F1 Team deployed an entire range of Juniper switching, routing, security, wireless LAN and application software solutions to develop a flexible, uninterrupted and secure mission-critical network infrastructure. Apart from this, the Team simplified the operations of its two data centers by installing Juniper’s QFabric switches.
Generally, a huge amount of data is processed by each team during a race. Lotus F1 feeds roughly 15MB (megabyte) of data per lap, per car, per race. This leads to approximately 1,000 statistics after every lap, which are then immediately transferred to race engineers for planning and decision making. Juniper’s networking solutions will ensure fast and reliable processing of such huge amount of data while ensuring its safety.
Being technologically advanced, Lotus F1 expects to strengthen its entire operations, starting from the garages at trackside to the team's factory in Enstone, Oxfordshire and be competitive. No doubt that the Team’s success will bring in similar deals for Juniper.
Juniper’s networking architecture runs on the Junos operating system, which enjoys great demand. Junos is a reliable, high-performance network operating system for routing, switching and security. It simplifies networking operations while reducing the cost of ownership.
We remain encouraged by the rapid deployment of Juniper’s networking products and services by organizations and government verticals to meet growing business demand. We also appreciate Juniper’s continuous efforts to make strategic acquisitions, which enrich its product portfolio.
Despite solid product demand and potential business wins from AT&T (T - Free Report) and Verizon Inc., we believe stiff competition from F5 Networks Inc. (FFIV - Free Report) , Cisco Systems Inc. (CSCO - Free Report) and constricted federal spending will pressurize fundamentals.
Currently, Juniper has a Zacks Rank #3 (Hold).