Exhibit 99.3
Investor Relations:
Jess Lubert
Juniper Networks
(408)936-3734
jlubert@juniper.net
Media Relations:
Leslie Moore
Juniper Networks
(408)936-5767
llmoore@juniper.net
JUNIPER NETWORKS ANNOUNCES INCREASED STOCK BUYBACK AUTHORIZATION
Additional $1 Billion Buyback Authorization
SUNNYVALE, Calif., October 24, 2019-Juniper Networks (NYSE: JNPR), a leader in secure,AI-driven networks, today announced that its Board of Directors has approved a $1 billion stock buyback authorization increase, adding to the existing buyback authorization, which has $900 million remaining for a total of $1.9 billion. Juniper plans to enter a $200 million accelerated share repurchase program (“ASR”) in Q4 2019 and intends to continue to be opportunistic with its share repurchases thereafter.
“Our increased stock buyback authorization reinforces our ongoing commitment to delivering total shareholder value,” said Ken Miller, chief financial officer, Juniper Networks. “The increase in the buyback authorization, and anticipated ASR program reflect our confidence in our ability to generate cash and our long-term strategy.”
Juniper will continue to review its capital return policy over time, subject to capital availability, company financial performance, economic outlook and other relevant considerations. The stock buyback program, which has no expiration date, may be terminated or suspended at any time.
Juniper today also reported preliminary financial results for the three months ended September 30, 2019 and provided its outlook for the three months ending December 31, 2019. Additional details can be found in the Investor Relations section of the Company’s website.
About Juniper Networks
Juniper Networks challenges the inherent complexity that comes with networking in the multicloud era. We do this with products, solutions and services that transform the way people connect, work and live. We simplify the process of transitioning to a secure and automated multicloud environment to enable secure,AI-driven networks that connect the world. Additional information can be found at Juniper Networks (www.juniper.net).
Investors and others should note that the Company announces material financial and operational information to its investors using its Investor Relations website, press releases, SEC filings and public conference calls and webcasts. The Company also intends to use the Twitter account @JuniperNetworks and the Company’s blogs as a means of
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