Editing Juniper Networks (section)

===Growth and IPO===
Juniper Networks had $3.8 million in annual revenue in 1998.<ref name="three"/> By the following year, its only product, the M40 router, was being used by 50 telecommunications companies.<ref name="one"/> Juniper Networks signed agreements with [[Alcatel-Lucent|Alcatel]] and [[Ericsson]] to distribute the M40 internationally. A European headquarters was established in the [[United Kingdom]] and an Asia-Pacific headquarters in [[Hong Kong]]. A subsidiary was created in Japan<ref name="one"/> and offices were established in Korea in 1999.<ref>{{cite news|title=U.S. net-gear vendors court Korea|first=B H|last=Seo|newspaper=Electronic Engineering Times (Korea)|date=January 31, 2000}}</ref> Juniper Networks's market share for [[core router]]s grew from 6% in 1998 to 17.5% one year later,<ref name="five">{{cite news|first1=Andy|last1=Reinhardt|title=Juniper: Fresh Competitor? Fresh Meat? Some analysts compare this networking newcomer to Cisco eight years ago.|newspaper=Fortune Magazine|first2=Angela|last2=Key|date=May 15, 2000|access-date=December 11, 2014|url=https://money.cnn.com/magazines/fortune/fortune_archive/2000/05/15/279750/index.htm}}</ref> and 20% by April 2000.<ref>{{cite news|title=Corporate profile: The rout to success...|date=April 5, 2000|first=Chris|last=Hughes|newspaper=The Independent}}</ref>

Juniper Networks filed for an [[initial public offering]] in April 1999<ref>{{cite news|title=Business Brief -- JUNIPER NETWORKS INC.: IPO Filing Made to Offer Shares Totaling $70 Million|newspaper=Wall Street Journal|date=April 22, 1999|page=B4}}</ref> and its first day on the [[NASDAQ]] was that June.<ref>{{cite news|title=Juniper Networks Shares Soar in Offering|url=https://www.wsj.com/articles/SB930319631496660420|first1=Scott|last1=Thurm|first2=Stephanie|last2=Mehta|newspaper=The Wall Street Journal|date=June 28, 1999|page=B6|access-date=May 3, 2015}}</ref> The stock set a record in first-day trading in the technology sector by increasing 191%<ref>{{cite news|title=Juniper: A Net Hardware Maker's Golden IPO|newspaper=Fortune Magazine|first=Jeanne|last=Lee|date=August 2, 1999|url=https://money.cnn.com/magazines/fortune/fortune_archive/1999/08/02/263631/index.htm|access-date=December 15, 2014}}</ref> to a market capitalization of $4.9 billion.<ref>{{cite news|title=Juniper Networks leading red-hot pack of valley IPOs|date=July 4, 1999|url=http://www.bizjournals.com/sanjose/stories/1999/07/05/story8.html?page=all|access-date=December 12, 2014|newspaper=Silicon Valley Business Journal}}</ref> According to ''Telephony'', Juniper Networks became the "latest darling of Wall Street",<ref>{{cite news|title=Terabit rumbles shake the landscape|last=LaBarba|first=Liane|newspaper=Telephony|date=July 5, 1999}}</ref><ref name="street"/> reaching a $7 billion valuation by late July.<ref>{{cite news|title=Silicon Valley's idea man: A partner in one of the leading venture capital firms in California's high-tech haven, Vinod Khosla is a firm believer in the value of the free-thinking entrepreneur in the age of the Internet|first1=Roger|last1=Taylor|first2=Don|last2=Mills|date=July 26, 1999}}</ref> Within a year, the company's stock grew five-fold.<ref name="five"/>

Juniper Networks's revenues grew 600% in 2000 to $673 million.<ref name="two">{{cite news|newspaper=BusinessWeek|url=http://www.businessweek.com/stories/2001-02-06/for-juniper-single-mindedness-wins-the-race|archive-url=https://archive.today/20150414173953/http://www.businessweek.com/stories/2001-02-06/for-juniper-single-mindedness-wins-the-race|url-status=dead|archive-date=April 14, 2015|date=February 6, 2001|access-date=December 8, 2014|title=For Juniper, Single-Mindedness Wins the Race|first=Jane|last=Black}}</ref> That same year, Juniper Networks moved its headquarters from [[Mountain View, California|Mountain View]] to [[Sunnyvale, California]].<ref name="one"/>