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Juniper to Protect Banca di San Marino SpA's Banking Systems

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Juniper Networks, Inc. (JNPR - Free Report) recently announced that its unified cybersecurity platform, powered by Software-Defined Secure Networks (SDSN), has been selected by Banca di San Marino SpA, a European bank, to protect its core and online banking systems and safeguard customers.

Notably, Juniper’s unified cybersecurity platform delivers adaptive detection, automated enforcement and one-touch mitigation to safeguard enterprises vulnerable to rapidly evolving cyber threats. The SDSN transforms networks into a cyber defense system that streamlines security operations to mitigate threats faster and more efficiently. It enforces a security posture across environments, from on-premises infrastructure to cloud workloads, and automates policy management using real-time network.

Banca di San Marino forms a significant part of the Republic of San Marino’s financial system and serves private and corporate clients that reach beyond San Marino. The bank has deployed Juniper Networks SRX Series Services Gateways managed by Junos Space Security Director with Policy Enforcer. It will also add Juniper Sky Advanced Threat Prevention (Sky ATP) to provide real-time monitoring of Internet traffic.

Juniper Sky ATP also protects against sophisticated cyber-crimes, including advanced persistent threats and ransomware. Through its integration with SRX Series next-generation firewalls, Sky ATP delivers deep inspection, inline blocking and actionable alerts. The SRX Series provide high-performance security, comprising advanced, integrated threat intelligence, delivered on a scalable and resilient platform.

Juniper’s SDSN technology forms a vital part of Banca di San Marino’s efforts to be compliant with General Data Protection Regulation as it enables the bank to be well-informed on data flows and potential breaches affecting its network. Juniper Networks EX Series Ethernet Switches are deployed in Banca di San Marino’s data centers and campus offices.

In the past three months, shares of Juniper have lost 1% against the industry’s growth of 9%. It remains to be seen whether such coveted contracts can help the company revive its share prices.

Juniper currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Ribbon Communications Inc. (RBBN - Free Report) , Clearfield, Inc. (CLFD - Free Report) and QUALCOMM Inc. (QCOM - Free Report) . While Ribbon Communications sports a Zacks Rank #1 (Strong Buy), Clearfield and QUALCOMM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average surprise being 168.1%.         

Clearfield beat earnings estimates in each of the trailing four quarters, the average surprise being 52.8%.   

QUALCOMM has a long-term earnings growth expectation of 10.9%. It beat earnings estimates in each of the trailing four quarters, the average surprise being 19.8%.

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