An Investor's Call To Action
On Jan. 13, one day before Juniper Networks kicked off its third annual Global Partner Conference in Las Vegas, hedge fund and Juniper Investor Elliott Management filed a report with the U.S. Securities and Exchange Commission. That report, at its most basic level, called for Juniper to make some serious changes -- and soon.
Elliott Management, which holds a 6.2 percent investment stake in Sunnyvale, Calif.-based Juniper, outlined several steps Juniper should take to reduce operating expenses, streamline its product portfolio, and, overall, become a leaner, better version of itself. "Our conclusion from [our] analysis is that Juniper's assets are valuable and strategic and that the business possesses several fundamental upside drivers over the medium-term but that its future will be increasingly difficult if Juniper continues with its existing strategy," Elliott Management wrote in a PDF presentation accompanying the SEC filing.
Here are 7 steps Elliot Management said Juniper should take now to put it "back on the path towards success."