Juniper Networks' Financial growth continued to improve in the first quarter of 2021. The company stated that it had earned a sum of $1.07 billion in revenues, which is up to 8 percent year over year and narrowly exceeding guidance. Juniper looks to put the pandemic, which the company blamed in previous quarters for depressed revenues; now, it currently faces a new challenge, i.e., shortage of semiconductors, which threatens to hobble the networking giant.
Keeping this in mind, the company has invested in strengthening its supply chain and has increased inventory levels over the last year. With this move, apart from extended lead times over the next few quarters, the semiconductor shortage would not negatively impact Juniper's financials. The company officials have stated that Juniper's near-term visibility is strong, and given the momentum, they now expect to grow their business four to five percent in 2021 on a full-year basis.
The company's deliberate actions will drive this growth to strengthen the company's product portfolio. These include the acquisition of Mist in 2019 and 128 Technologies, NetRounds, and Apstra last year. The investments Juniper has made over the previous few years are paying off in improved productivity and customer diversity.