Juniper Networks Inc reports results for the quarter ended in December - Earnings Summary

Juniper Networks

31/01/2024 01:01

* Juniper Networks Inc  JNPR.N  reported quarterly adjusted
earnings of 61 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 65 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 64 cents
per share. Wall Street expected results to range from 60 cents
to 66 cents per share.
    * Revenue fell 5.8% to $1.36 billion from a year ago;
analysts
expected $1.41 billion. 
    * Juniper Networks Inc's reported EPS for the quarter was 38
cents​.
    * The company reported quarterly net income of $124.3
million.
    * Juniper Networks Inc shares had risen by 26.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Juniper Networks
Inc is $40.00 
This summary was machine generated from LSEG data January 31 at
01:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.64           0.61           Missed
 Sep. 30 2023      0.55           0.60           Beat
 Jun. 30 2023      0.55           0.58           Beat
 Mar. 31 2023      0.43           0.48           Beat