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

Juniper Networks

26/04/2024 24:34

* Juniper Networks Inc  JNPR.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 48 cents.  The mean expectation of fourteen analysts for
the quarter was for earnings of 40 cents per share. Wall Street
expected results to range from 35 cents to 46 cents per share.
    * Revenue fell 16.2% to $1.15 billion from a year ago;
analysts
expected $1.24 billion. 
    * Juniper Networks Inc's reported EPS for the quarter was
breakeven results​.
    * The company reported a quarterly loss of $800 thousand.
    * Juniper Networks Inc shares had fallen by 4.6% this
quarter and
gained 19.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.2%
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 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 April 25 at
11:34 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
 Mar. 31 2024      0.40           0.29           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