S&P: Juniper Networks unaffected

Standard & Poor's said Juniper Networks Inc.'s (B+/positive/--) announcement of the acquisition of Peribit Networks, Inc. and Redline Networks, Inc. for $469 million would have no affect on its corporate credit rating and outlook on Juniper Networks.

S&P said the acquisitions are consistent with Juniper Networks' approach to acquire technologies that augment its core strengths in WAN hardware and software.

Pro forma for the acquisitions, the company had $1.5 billion in cash and a net cash position of about $1 billion.

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