Juniper Networks (JNPR) Tops Q2 EPS by 3c

Juniper Networks (NYSE: JNPR) reported Q2 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.19 billion.

"Despite an uncertain macro environment, we delivered solid revenue performance and profitability metrics in the second quarter," said Rami Rahim, chief executive officer at Juniper Networks. "There is no shortage of appetite for network innovation. Our diversification strategy and differentiated portfolio enabled us to deliver sequential growth across all geographies, technologies and sectors. We remain as committed as ever to innovating for our customers and to executing with excellence in everything we do."

"We are focused on delivering solid financial results and strengthening shareholder returns," said Ken Miller, chief financial officer at Juniper Networks. "Our underlying fundamentals remain strong and we intend to remain focused on operational discipline and believe we are well positioned for the long term."

GUIDANCE:

Juniper Networks sees Q3 2016 EPS of $0.48-$0.54, versus the consensus of $0.54. Juniper Networks sees Q3 2016 revenue of $1.22-1.28 billion, versus the consensus of $1.24 billion.

For earnings history and earnings-related data on Juniper Networks (JNPR) click here.

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