Juniper Networks Beats on Both Top and Bottom Lines
Juniper Networks (NYS: JNPR) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Juniper Networks beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Juniper Networks logged revenue of $1.07 billion. The 33 analysts polled by S&P Capital IQ predicted revenue of $1.05 billion on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.19. The 35 earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.11 for Q2 were 48% lower than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.2%, 240 basis points worse than the prior-year quarter. Operating margin was 8.4%, 710 basis points worse than the prior-year quarter. Net margin was 5.4%, 490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $4.38 billion. The average EPS estimate is $0.82.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 627 members out of 725 rating the stock outperform, and 98 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give Juniper Networks a green thumbs-up, and 28 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Juniper Networks is hold, with an average price target of $20.74.
The game is changing for makers of communications equipment, and some of the old guard may not make it. Where will Juniper Networks fit in? Who's going to lead going forward? Check out our free report: "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add Juniper Networks to My Watchlist.
The article Juniper Networks Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.