Juniper Networks Earnings: Here’s Why Investors are Not Happy Now
Juniper Networks, Inc. (NYSE:JNPR) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 5.53%.
Juniper Networks, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 31.25% to $0.21 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 2.57% to $1.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Juniper Networks, Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company missed the mean analyst estimate of $0.21. It missed the average revenue estimate of $1.07 billion.
Quoting Management: “Our first quarter results reflect our continued focus on driving revenue growth and expanding operating margins,” said Juniper Networks CFO Robyn Denholm. “As expected, we saw continued strong broad based demand from US service providers and early indications of improving demand from EMEA service providers. I am pleased with the team’s efforts and commitment to gaining efficiencies throughout the company and executing our strategy.”
Key Stats (on next page)…