Juniper Networks, Inc. (JNPR) Tops Q1 EPS by 2c; Guides a Touch Light
Juniper Networks, Inc. (NYSE: JNPR) reported Q1 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.07 billion.
"This was a quarter of modest year-on-year growth driven by renewed demand from service providers and offset slightly by softness in enterprise sectors, including federal and financial services," said Kevin Johnson, chief executive officer of Juniper Networks. "We are seeing increased momentum with our new product offerings as we continue our strategy of innovating in the domain of high-performance networking. We believe Juniper has a strong position in the service provider market and has opportunity in the enterprise business as we continue to grow switching as well as revitalize our security business. We continue to focus on delivering great products, improving operational execution, and managing our costs carefully."
"Our first quarter results reflect our continued focus on driving revenue growth and expanding operating margins," said Juniper Networks CFO Robyn Denholm. "As expected, we saw continued strong broad based demand from US service providers and early indications of improving demand from EMEA service providers. I am pleased with the team's efforts and commitment to gaining efficiencies throughout the company and executing our strategy."
Juniper Networks, Inc. sees Q2 EPS of $0.22-0.26, versus the consensus of $0.27. Juniper Networks, Inc. sees Q2 revenue of $1.07-1.1 billion, versus the consensus of $1.11 billion. Outlook Juniper's outlook for the June quarter reflects its expectation that it will see continued weakness in the enterprise customer spending environment. In the service provider market, the Company expects to see a continuation of US service provider capital spending as well as moderately improved demand trends in EMEA. Juniper's new products continue to build momentum, especially in routing, and the Company remains focused on disciplined operational execution while driving revenue growth.
For earnings history and earnings-related data on Juniper Networks, Inc. (JNPR) click here.
"This was a quarter of modest year-on-year growth driven by renewed demand from service providers and offset slightly by softness in enterprise sectors, including federal and financial services," said Kevin Johnson, chief executive officer of Juniper Networks. "We are seeing increased momentum with our new product offerings as we continue our strategy of innovating in the domain of high-performance networking. We believe Juniper has a strong position in the service provider market and has opportunity in the enterprise business as we continue to grow switching as well as revitalize our security business. We continue to focus on delivering great products, improving operational execution, and managing our costs carefully."
"Our first quarter results reflect our continued focus on driving revenue growth and expanding operating margins," said Juniper Networks CFO Robyn Denholm. "As expected, we saw continued strong broad based demand from US service providers and early indications of improving demand from EMEA service providers. I am pleased with the team's efforts and commitment to gaining efficiencies throughout the company and executing our strategy."
Juniper Networks, Inc. sees Q2 EPS of $0.22-0.26, versus the consensus of $0.27. Juniper Networks, Inc. sees Q2 revenue of $1.07-1.1 billion, versus the consensus of $1.11 billion. Outlook Juniper's outlook for the June quarter reflects its expectation that it will see continued weakness in the enterprise customer spending environment. In the service provider market, the Company expects to see a continuation of US service provider capital spending as well as moderately improved demand trends in EMEA. Juniper's new products continue to build momentum, especially in routing, and the Company remains focused on disciplined operational execution while driving revenue growth.
For earnings history and earnings-related data on Juniper Networks, Inc. (JNPR) click here.