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Juniper NetworksINVESTOR RELATIONSDecember 2020 2020 Juniper NetworksJuniper Public1

Forward Looking StatementsStatements in this presentation concerning the market landscape and Juniper Networks' business outlook; economic and market outlook; future financial and operatingresults; the expected impact of architectural transitions and timing of deployments with large customers; execution of our capital return program; expectations withrespect to market trends; our future strategy; strength of certain customer segments; ability to expand business opportunities, including in hyperscale-switching and 5Gbuildouts; expectations with respect to growth; introduction of future products; focus on cost improvements; the strength of our solution portfolio and strategy; ourability to improve profitability and make necessary investments; and overall future prospects are forward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act that involve a number of uncertainties and risks. Actual results or events could differ materially from those anticipated in those forward-lookingstatements as a result of several factors, including: general economic and political conditions globally or regionally; business and economic conditions in the networkingindustry; changes in overall technology spending by our customers; the network capacity requirements of our customers and, in particular, cloud and communicationservice providers; contractual terms that may result in the deferral of revenue; the timing of orders and their fulfillment; manufacturing and supply chain constraints,changes or disruptions; availability of product components; delays in scheduled product availability; adoption of regulations or standards affecting Juniper Networksproducts, services or the networking industry; the impact of potential import tariffs; and other factors listed in Juniper Networks’ most recent report on Form 10-Q and10-K filed with the Securities and Exchange Commission. All statements made in this presentation are made only as of the date of this presentation. Juniper Networksundertakes no obligation to update the information in this presentation in the event facts or circumstances subsequently change.Use of Non-GAAP Financial MeasuresThis presentation references non-GAAP financial measures, including (without limitation) those related to diluted earnings per share and free cash flow. For importantcommentary on why Juniper Networks considers non-GAAP information a useful view of the company’s financial results and for reconciliations of these measures toGAAP financial measures, please refer to the “Investor Relations” section of our website at http://investor.juniper.net. With respect to future financial guidance providedon a non-GAAP basis, we exclude estimates for amortization of intangible assets, share-based compensation expenses, acquisition-related charges, restructuringbenefits or charges, impairment charges, litigation settlement benefits or charges and resolution charges, supplier component remediation charges and recoveries, gainor loss on equity investments, retroactive impact of certain tax settlements, significant effects of tax legislation and judicial or administrative interpretation of taxregulations, including the impact of income tax reform, non-recurring income tax adjustments, valuation allowance on deferred tax assets, and the income tax effect ofnon-GAAP exclusions, and do not include the impact of any future acquisitions, divestitures, or joint ventures that may occur in the period. Juniper is unable to provide areconciliation of non-GAAP guidance measures to corresponding GAAP measures on a forward-looking basis without unreasonable effort due to the overall highvariability and low visibility of most of the foregoing items that have been excluded. The items that are being excluded are difficult to predict and a reconciliation couldresult in disclosure that would be imprecise or potentially misleading. Material changes to any one of these items could have a significant effect on our guidance andfuture GAAP results.2 2020 Juniper NetworksJuniper Public2

The World is Changing FastTHE CLOUD IS EATINGTHE WORLD50%of enterprise applicationsin the cloud by 2020THE INTERNET OFTHINGS – EVERYTHINGIS CONNECTED75B 2020 Juniper Networksconnected devices by2025FIGHTING CYBERCRIME AND LOSING 8Twill be spent on fightingcybercrime in 20225G WILL ENABLE ANEW BREED OFMOBILE APPS60xIs how much faster 5G isestimated to be over 4GJuniper PublicECONOMICSREACHING ABREAKING POINT50%Internet traffic growthwhile IT budgets are flatA.I. HASEMERGED72%of business leaders say A.I.will be a businessadvantage33

Juniper is Leading the Market TransformationHardware definedSoftware/cloud definedPerimeterPervasiveManual enforcementAutomatedConfiguration drivenBusiness driven4Closed ecosystem 2020 Juniper NetworksOpen frameworkJuniper Public4

Large and Growing OpportunityCLOUD Own the MX PTX transition Break into hyperscale data center switching 58B TAMSWITCHING/WI-FI 37B7% CAGRROUTING 13B-2% CAGRSERVICE PROVIDER Telco Cloud enablement 5G/Metro buildoutsJNPR: 13% shareJNPR: 3% shareENTERPRISESECURITY 9B1% CAGR Data center & secure and automatedmulticloud Security momentumJNPR: 4% shareLARGE OPPORTUNITY* TO TAKE SHARE5STRONG APPROACH TO CUSTOMER VERTICALS*Source: ACG Research, Omdia, 650 Group, Juniper analysis - TAM is 2019; CAGR is 2020-2024 2020 Juniper NetworksJuniper Public5

Our Strategy in a Changing WorldPowerPublic/PrivateCloud DCsWe help our customersbuild and run their cloudenvironments with worldclass infrastructure 2020 Juniper NetworksConnect Users &Devices Securelyto the Cloud and toEach OtherBuild and ManageDistributed CloudsSoftware-DefinedEnterpriseWe build the best core,edge, metro, and enterprisenetworks to allow ourcustomers and theircustomers to connect to thecloudWe help our customerstransform theirinfrastructure to scale-outdistributed clouds to helpunleash the promise of5G & IoTWe help enterprisesconsume cloud-deliveredservices simplyand securelyJuniper Public6

Positioned to Win in 2020 and BeyondPower Public/PrivateCloud DCsConnect Users and DevicesSecurely to the Cloud andto Each OtherBuild and ManageDistributed CloudsSoftware-DefinedEnterpriseStrong, competitive platformsMX SeriesPTX SeriesACX SeriesQFX SeriesNFX SeriesEX SeriesMist SystemsSRX Series7Rich Overlay and Underlay Software CapabilitiesJunos OS with Quality, Contrail Orchestration, AppFormix Analytics 2020 Juniper NetworksJuniper Public7

The Juniper Advantage – Junos OSProgrammabilityExperience A single uniform experience across routing, switching andsecurity reducing training costs Feature continuity during hardware updates Fuse multiple disparate network elements into a single,logical unit Slice multiple concurrent network functions on a singlenetwork element for improved operational efficiency Seamless integration with third party applications A simple extension toolkit for control, management,and data plane programmability Easily automated, customized and extended Enables flexibility and rapid user innovation Hardware accelerated deep telemetry and analyticsavailable to both Juniper and 3rd party applications Health monitoring correlation for expedited root causeanalysis Model-driven OpenConfig telemetry for big data analysis Cloud-optimized Network Operating System Decoupled software and hardware architectures High reliability with strong fault isolation betweencomponents and component level restarts Integrates easily with 3rd party applications withpowerful programmability and customizationAnalytics 2020 Juniper Networks8DisaggregationJuniper Public8

1PRICEPERFORMANCE#29Source: 2017 IHS Markit Report 2020 Juniper NetworksJuniper Public9

‘CLOUD 5G AI’ Era has begun, opening new growth opportunitiesand enabling holistic business transformation for SPsAutomotiveFintechCloud 5G AI - Enabling SP Business TransformationSmart CitiesAgricultureUtilitiesEducationPublic SafetyRoboticsPublic ringHotspotsEvents, sCriticalmachinecommunicationMining, PortsCONSUMERAR/360 VR/MRWi-Fi DOCSIS 4.0USD 3,458 billion 5G enabled revenues by 2026 2020 Juniper NetworksJuniper PublicNG PON-2 /XGS PON;G.MGFAST10

Why Partner with Juniper for your Transformation JourneyARCHITECTURALSHIFT TOAgile, OpenOPERATIONAL ECONOMICSSHIFT TOOn-demand Horizontal, Open, Pre-validated NFVI stack; Cloud-Native CNFs/VNFsElastic, highly scalable IP fabric (“Deploy and forget”)Agile IP platforms (ACX, MX, PTX) that can be purposed for any roleOpen X-Haul for Classic/Cloud/ORAN/Fixed AccessOpen and Extensible APIs/Interfaces, not just Programmable (“Easy Button”) Build or Managed Edge Cloud business modelsCentralized management & remote edge for lowest TCO - ops & computeRight tool for the job - Custom / Merchant Si choices for Scale up / OutPAYG, Centralized metering per port for use-case based pricingAutomation & Security that scale & distribute with Cloud Ready to monetizeManaged EdgeCloud withStackpath 5G WWC, FWA Cloud-deliveredManaged Servicesfor ‘AI-DrivenEnterprise’ 5G urLLC, eMBB,mMMTC appsSERVICE EXPERIENCESHIFT TOSecure, Assured 2020 Juniper Networks Network slicing using SR for differentiated QoE per sliceCross-domain, Closed loop automation portfolio with AI/ML, Predictive analyticsActive probing real time streaming telemetry for visibilityConnected Security, integrated with the network, without performance penaltyContinuous Threat Intelligence (Detection and Enforcement)Juniper PublicCreate valuewith newservices11

MX5G Extends Juniper’s Routing leadership 1300% More Performance than Gen 4/Linecard2400GbE Support34 Infinite Programmability with Built-in Encryption5 Industry only Universal Chassis – 65% Lower Opex50% More Power EfficientJuniper Penta SiliconPowering the MX Series 5GUniversal Routing Platform 2020 Juniper NetworksJuniper Public12

Industry Leading IP Transport Performance:New SiliconJuniper Triton SiliconPowering the Future forPTX Series Packet TransportRouters 2020 Juniper Networks1 70% More Power Efficient than ExpressPlus620% More Performance than ExpressPlus23 Industry First 400GbE Native MACsecEthernet Interface Support:4 Dynamic10GbE, 25GbE, 50GbE, 100GbE, 200GbE, 400GbEIndustry only Universal Chassis – 65% Lower Opex5Juniper Public13

‘Fire & Forget’ with the MX Multiservice Edge PlatformPerformance & Programmability Penta, the 5th generation of Trio siliconMX150 MX104 MX204 MX10003One Junos Experience Operational consistency Feature velocity Open for AutomationMX240 MX480MX960vMXMX2008MX2010MX2020Integrated Security Security without performance penalty –SecIntel, DDOS, firewallMX10008MX10016Agility for the Unknown 2020 Juniper NetworksJuniper Public14

Juniper Metro Fabric PortfolioACX UNIVERSAL METRO ROUTERS: ACX5000 & ACX700 Series ACCESS PRE AGG ACX50xxGbE 2x QSFP28 DCO(Hardened, Depth: 320mm)GbE MACsecACX5448 (–x)ACX7101GbE10GbE25GbE40GbE100GbEOptical Line Services (Packet-Optical Convergence)MetroACX UNIVERSAL METRO ROUTERS: ACX500, ACX1000, ACX2000 & ACX4000 Series(Hardened)ACX500-OACX1100ACX500Use Cases:ACX4000ACX22001GbE10GbE Ethernet Business Services (EBS)T1/E1OC3 (STM1)/OC12 (STM4) Residential: FTTH, GPON & DAA/R-PHY Mobile X-Haul Cloud Connect 2020 Juniper NetworksJuniper Public15

PTX Series for Cloud RoutingOne Junos Experience2.88T Operational consistency Junos evolved - best cloud OS available Open for 36MR(2H 2020)Performance @ Scale16T First to 400G Lowest cost per bit - highest density, bestpower efficiencyPTX10004(2H) 2020PTX1000314.4T/SlotVersatility Handles all scale up/scale out use cases:Core, Peering, DC Spine, DC Edge, DCI, . . . Flex licensing – pay only for the bandwidth& features you need 2020 Juniper NetworksJuniper PublicPTX10008Roadmap to 28.8TPTX10016 (2021)16

The Juniper Advantage – Cloud Class SwitchingRobust PortfolioCentralized Managementand ControlEX Seriescampus and branch switchingEX2300-C/EX2300EX2300MultigigabitEX3400 Juniper Sky Enterprise forcloud-based 00EX9250 Contrail EnterpriseMulticloud for simplifiedmulticloud orchestration andanalyticsQFX Seriesdata center switching17QFX510048SQFX5110-48S 2020 Juniper 2CQFX5210-64CJuniper FX10003QFX10008QFX1001617

Juniper Networks Leads 400GbE Transition withComprehensive RoadmapSecure RoutingSecure RoutingFlexible SwitchingIP TransportWAN ServicesData CenterPTX Series: World-classengineering that fundamentallychanges the economic profile forboth scale-up and scale-outsecure architectures acrossbackbone, peering & DCIMX Series: Industry’s onlyplatform to deliver near-infiniteprogrammability, cost efficiencyand versatility for next generationsecure service creation across 5Gand IoT at scale. 2020 Juniper NetworksJuniper PublicQFX series: of data center switcheswith 400GbE technology to enablethe next-generation of IP Fabricwith investment protection as18customersincrease the capacity oftheir data centers to meetemerging high-performanceapplications18

The Juniper Advantage - Connected SecurityPolicy, Detection & EnforcementThreatIntelligencePolicy, Users, Apps,Devices, SitesAdvanced ThreatPreventionDynamic Policy ActionsDetectionVisibility &Management Fast protection from unknownmalware and advanced reat ConditionsMulticloudWorkloadsConsistent Enforcement Threat behavior analysis across threatlifecycle One touch automated enforcementand mitigation Unified visibility across traditional andmulticloud environments19 Open architecture and suite of APIsAPIsNetwork Access 2020 Juniper NetworksEndpointJuniper Public19

Connected Security portfolioOrchestration and Management SoftwareSecurity SoftwareAdvancedThreat PreventionCloudOn PremSecureAnalyticsEnforcementLTEcSRXNFX SeriesvSRXSRX300Mist Wi-FiSRX1500EX/QFX SeriesMX Security ServiceSRX4000SRX5400SRX5600SRX5800Advanced Security Acceleration(IOC4/SPC3)Alliances Partners 2020 Juniper NetworksJuniper Public20

Efficacy – ICSA labs certified, 4 quarters runningATP - 99.2% security effectiveness21 2020 Juniper NetworksJuniper Public21

Recommended by NSS Labs for data center security100%Evasion BlockRate99.62%13.962Exploit BlockRateGigabits perSecondJuniper is back. The company is reasserting itself in the data centerwith a strong showing and should be on everyone's short list.- NSS Labs 2019 Data Center Security Group Security Value Map Comparative Report 2020 Juniper NetworksJuniper Public22

Access the Complimentary ReportJuniper Networks is Named a Leader. Again. 2020 Magic Quadrant for Data Center NetworkingWe’re committed to improving business outcomes that aremost important to you. We are simplifying networkcomplexity with secure and automated multicloud solutions.Built on a common operating system, our enterprise solutionslet you apply consistent, end-to-end policies wherever yourapplications and data reside. Let us help you achieve yourmulticloud vision for both today and tomorrow with open,intent-based connectivity for simple, automated networkoperations.23Gartner Magic Quadrant for Data Center Networking, Andrew Lerner, Evan Zeng, Jonathan Forest 30 July 2020.This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entiredocument. The Gartner document is available upon request from Juniper Networks.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to selectonly those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s researchorganization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to thisresearch, including any warranties of merchantability or fitness for a particular purpose. 2020 Juniper NetworksJuniper Public23

Access the Complimentary ReportJuniper Networks Recognized as a Leader in Forrester WaveTM “Juniper Networks recognizes that customers need morethan technology and products. It developed variousresources to educate customers on laying out theirautomation journey, it increased the amount ofeducation classes around programming, and led variousopen standards efforts to create open networkingfabrics. Customers that want to automate the entirenetwork with a consistent OS, from the data center tothe business edge, should look to Juniper Networks.” - The Forrester Wave : Open, Programmable Switches For ABusinesswide Software-Defined Network, Q3 2020The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks ofForrester Research, Inc. The Forrester Wave is a graphical representation of Forrester’s call on a market and is plottedusing a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor,product, or service depicted in the Forrester Wave . Information is based on best available resources. Opinions reflectjudgment at the time and are subject to change. 2020 Juniper NetworksJuniper Public24

The AI-Driven EnterpriseAI FoundationOpen MarvisOpen APIsJunos Extension ToolkitStreaming TelemetryDomainExpertiseMist Cloud ServicesWired & Wi-FiAssuranceMarvisVirtual strationActionableInsightsWired/Wireless InfrastructureWi-FiOurMission: 2020 Juniper NetworksRoutingSwitchingSecurityLead a new era of IT that uses AI to deliver a proactive, predictive, and self-healing network thatsaves time and money, delivers unprecedented scale, and provides unparalleled user experiences.Juniper Public25

Cloud ServicesAI-driven enterprise solution driven by Mist emiumAnalyticsUserEngagementWired InfrastructureWireless InfrastructureEX 4600/4650Mist Edge 2020 Juniper BT11 (BLE)Juniper PublicWAN InfrastructureEX 3400SRXEX 4300EX 230026

Full Portfolio of mentIndoorOutdoorIndoorIndoorIndoorWall x(Wi-Fi 6)4x4:4SS802.11ax(Wi-Fi 6)4x4:4SS802.11ax(Wi-Fi 6)4x4:4SS802.11ax(Wi-Fi 6)4x4:4SS802.11ax(Wi-Fi 6)2x2:2SS802.11acWave 24x4:4SS802.11acWave 24x4:4SS802.11acWave alInternalExternalInternalVirtual BLEIoTInterfaceIoT Sensors------InternalExternalInternalExternal- (omni BLE)- (omni atureAP 12, 63 shipping in Q3 2020 Juniper NetworksJuniper Public27

Juniper Networks is a Leader2020 Magic Quadrant for Wired and Wireless LAN Access InfrastructureJuniper Networks is positioned highest for execution inthe Leaders’ Quadrant.“In our opinion, this report validates the uniqueadvantages of the Juniper AI-driven enterprise, includingrich AIOps functionality and proactive self-drivingautomation for optimized user experiences.”- Jeff Aaron, VP of Enterprise Marketing at JuniperAccess a Complimentary CopyGartner Magic Quadrant for Wired and Wireless LAN Access Infrastructure by Bill Menezes, Christian Canales, Tim Zimmerman, Mike Toussaint, 4 November 2020.This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document isavailable upon request from Juniper Networks. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technologyusers to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization andshould not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability orfitness for a particular purpose.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highestratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartnerdisclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 2020 Juniper NetworksJuniper Public28

Contrail Enterprise Multicloud – Hyperscale Infrastructurefor Every Enterprise 2020 Juniper NetworksJuniper Public29

Contrail Enterprise MulticloudOne Platform to Control Extensive Multicloud ArchitecturesContrail CommandAWS VPC - 1KubernetesGCP VPC - 2OpenShift OpenStackMulticloudArchitectureVMwarevRouter( security) 2020 Juniper NetworksJuniper Public30

Contrail Edge CloudFirst production-grade solution that can extend a full suite of orchestration, automation, security, andanalytics to deploy dynamic services for 4G, 5G, IoT, Residential, and Enterprise in a cost and resourceefficient mannerBaseStationDistributed, SecureSDN Data PlaneCOTS HWCentralizedManagement & OrchestrationContrail vRouter w/L4 SecuritycSRX/vSRX L7 SecurityAppFormix Analytics AgentCentralOfficeKubelet, CNI Plugin Contrail Controller OpenStack Controller Kubernetes Master31KVM, Nova-agentHubSite 2020 Juniper NetworksCOTS HWDistributedEdges 1,000s High function, secure distributed edge in small footprint Integrated orchestration, service chaining, security Zero-touch, high-availability in multi-tenant environment Analytics agent for full visibilityJuniper Public31

Contrail SD-WAN Solution for Enterprise Campus & BranchCloud-managed Contrail SD-WANLAN & WLAN devicesWAN Edge DevicesvSRXContrail Service Orchestration (SDN)WANxLTEMist Wi-Fi APsNFX Series universal CPEWi-FiEX Series Ethernet SwitchesorContrail SD-WANDedicated,MPLSJuniper or provider managed aaSLTESRX Series Services GatewaySecure CPEsBroadband,InternetSecure SD-LAN and SD-WANWireless,4G/LTEMX/SRX WAN Hubs for large topologiesEnterprise or SP hub gatewaysvSRX Virtual Firewallcloud-WAN endpointLegacy andxDSLCampus and BranchEnterprise SitesPrivate Clouds,Data CentersEnterprise Sites 2020 Juniper NetworksSaaS ApplicationsPrivate or SP’sWAN backboneJuniper PublicIaaS, PaaS:VPCs for cloud-native appsSaaS FW passthroughPublic Cloud32

Customer Recognition in the EnterpriseDATA CENTER NETWORKINGWIRED AND WIRELESS LANACCESS INFRASTRUCTUREOCTOBER 2019JANUARY 2020THE GARTNER PEER INSIGHTS CUSTOMERS’ CHOICE badge is a trademark and service mark of Gartner, Inc., and/or its affiliates, and is used herein with permission. All rights reserved. Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews,ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates 2020 Juniper NetworksJuniper Public33

Strong PartnershipsLatest Partner NewsAdvanced networkautomationStrategic Alliance PartnersImproved networkautomation and securitySimplified and moresecure path to multicloudEdge ComputingInfrastructure ServicesTechnology Alliance Partners 2020 Juniper NetworksJuniper Public34

Financials 2020 Juniper NetworksJuniper Public35

Quarterly Trended ResultsRevenue ( M)Non-GAAP EPS 1,250 0.70 1,208 1,200 1,150 1,180 1,181 0.60 0.59 1,133 0.58 1,138 0.54 1,102 1,100 0.48 1,086 0.43 0.50 0.40 0.40 1,050 0.30 0.35 1,002 1,000 998 0.26 0.20 0.23 950 0.10Q3'18Q4'18Q1'19Q2'19Q3'19Q4'19Q1'20Revenue 2020 Juniper NetworksJuniper PublicQ2'20Q3'20Non-GAAP EPS36

Q3’20 Revenue Detail-5% Y/Y 10% Q/Q-23% Y/Y-9% Q/QSecurity 6% Y/Y 7% Q/Q 5% Y/Y 5% Q/QAPAC6%17%RoutingSwitching20%-4% Y/Y 3% Q/QPRODUCT& SERVICE 5% Y/Y 9% Q/Q-7% Y/Y-11% GRAPHYVERTICAL28%EnterpriseService36% 4% Y/Y 3% Q/Q 2020 Juniper Networks36% 7% Y/Y 9% Q/Q0% Y/Y 12% Q/QJuniper Public37

Cash Flow(In millions)(Unaudited) 2020 Juniper NetworksJuniper Public38

Summary of B/S, Cash Flow, and Capital Metrics 2020 Juniper NetworksJuniper Public39

APPENDIX – GAAP TO Non-GAAP Reconciliation(In millions, except per share amounts)(Unaudited)40 2020 Juniper NetworksJuniper Public40

Cash Flow(In millions)(Unaudited) 2020 Juniper NetworksJuniper Public41

Thank youContacts: Investor Relations – Jess Lubert 2020 Juniper Networksjlubert@juniper.net Industry Analyst Relations – Ben Culp Juniper Publicbculp@juniper.net42

Comprehensive Roadmap 18 PTX Series: World-class engineering that fundamentally changes the economic profile for both scale-up and scale-out secure architectures across backbone, peering & DCI Secure Routing IP Transport MX Series: Industrys only platform to deliver near-infinite programmability, cost efficiency and versatility for next generation

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