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

Juniper Networks

25/07/2024 22:01

* Juniper Networks Inc  JNPR.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 58 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 20 cents to 54 cents per share.
    * Revenue fell 16.8% to $1.19 billion from a year ago;
analysts
expected $1.25 billion. 
    * Juniper Networks Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $34.1
million.
    * Juniper Networks Inc shares had risen by 0.9% this
quarter and
gained 24.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 July 25 at
09:01 p.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
 Jun. 30 2024      0.44           0.31           Missed
 Mar. 31 2024      0.40           0.29           Missed
 Dec. 31 2023      0.64           0.61           Missed
 Sep. 30 2023      0.55           0.60           Beat