Juniper Networks Inc reports results for the quarter ended in January 1 - Earnings Summary

Juniper Networks

01/11/2024 03:32

* Juniper Networks Inc  JNPR.N  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 44 cents
per share. Wall Street expected results to range from 35 cents
to 60 cents per share.
    * Revenue fell 4.8% to $1.33 billion from a year ago;
analysts
expected $1.26 billion. 
    * Juniper Networks Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $92.6
million.
    * Juniper Networks Inc shares had fallen by 0.1% this
quarter and
gained 32.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 2 "strong buy" or "buy," 13
"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 November 1 at
03:31 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
 Sep. 30 2024      0.44           0.48           Beat
 Jun. 30 2024      0.44           0.31           Missed
 Mar. 31 2024      0.40           0.29           Missed
 Dec. 31 2023      0.64           0.61           Missed