Juniper Networks (NYSE: JNPR) reported Q1 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1 billion versus the consensus estimate of $982.95 million.

“The first quarter played out largely as we expected, with slightly better than forecasted sales across each of our core verticals,” said Rami Rahim, chief executive officer, Juniper Networks. “While we are pleased with the progress we experienced versus our guidance, we are not satisfied with these results and remain focused on delivering a return to growth later this year. We believe the investments we are making in our go-to-market organization, new products we are bringing to market and the acquisition of Mist Systems should position us to achieve this objective.”

“We exceeded our profitability targets during the first quarter, with non-GAAP gross margin, non-GAAP operating margin and non-GAAP earnings per share all coming in above the mid-point of our guidance,” said Ken Miller, chief financial officer, Juniper Networks. “While we were delayed in executing our proposed $300 million accelerated share repurchase program during the first quarter, due to our acquisition of Mist Systems, we plan to execute this program during the current quarter given our ongoing belief in our future prospects.”

GUIDANCE:

Juniper Networks sees Q2 2019 EPS of $0.36-$0.42, versus the consensus of $0.42. Juniper Networks sees Q2 2019 revenue of $1.07-1.13 billion, versus the consensus of $1.11 billion.

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