Juniper Networks (JNPR) Q1 Results 'Solid' - William Blair
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William Blair analyst Jason Ader reiterated an Outperform rating on Juniper Networks (NYSE: JNPR) following Q1 results.
"Juniper posted solid first-quarter results, coming in roughly $20 million ahead of the Street's top-line estimate and in line with the Street's non-GAAP EPS target, despite higher-than-expected legal expenses. Second-quarter guidance was slightly ahead of consensus on revenue and nicely ahead on EPS, driven by cost cuts and share count reduction associated with the integrated operating plan (IOP) that management laid out in mid-February
He added, "Overall, we are encouraged by the results and guidance and the leadership being shown by new CEO Shaygan Kheradpir. We believe Juniper is more than a cost-cutting story and the overall restructuring as outlined by the IOP is likely to result in greater investment discipline, better product and customer focus, and generally more accountability in the organization—all of which should result in a better-run company and a better stock."
For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.
Shares of Juniper Networks closed at $25.89 yesterday.
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