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Juniper Networks (JNPR) plans to unveil its new networking system on Wednesday called QFabric, The Wall Street Journal reports.
The increase in data from mobile devices and 'cloud' applications programs delivered over the Internet are creating demand for more computing and storage systems. Juniper's new network claims to be a better mousetrap. Its system is geared toward large data centers. It connects servers and storage devices more directly than traditional systems.
Juniper's CEO Kevin Johnson told the Journal that the new products will "fundamentally change the entire economics of building these data centers." QFabric requires fewer pieces of hardware. It is easier and cheaper to manage, deploy and power, according to the company.
Juniper has gained market share of global routing and switching sales. This hardware allows computers to connect to the Internet. Cisco (CSCO), Juniper's competitor has lost market share in this area.
Goldman Sachs (GS) analyst, Simona Jankowski told the WSJ that Juniper's new scheme has the potential to be "highly disruptive" and could lead to further market share gains for Juniper, likely at Cisco's expense.
Juniper's stock closed Tuesday at $42.45, down $1.55
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