Juniper Begins Restructuring, Aims To Save $160 Million In Operating Expenses

We believe that much of the attraction for long-term shareholders isn?t so much the return of capital in the near term, as the reorganization that Juniper is undertaking to reduce expenses and grow more focused. Repurchasing shares may allow Juniper to return excess capital to shareholders while reducing share count and increasing EPS levels; however, not much will change from a free cash flow perspective.