Juniper Networks (JNPR) Tops Q3 EPS by 8c, Offers Guidance

Juniper Networks (NYSE: JNPR) reported Q3 EPS of $0.58, $0.08 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Juniper Networks sees Q4 2022 EPS of $0.59-$0.69, versus the consensus of $0.62. Juniper Networks sees Q4 2022 revenue of $1.425-1.525 billion, versus the consensus of $1.42 billion.

• Revenue will be approximately $1,475 million, plus or minus $50 million.
• Non-GAAP gross margin will be approximately 57.0%, plus or minus 1.0%.
• Non-GAAP operating expenses will be approximately $575 million, plus or minus $5 million.
• Non-GAAP operating margin will be approximately 18.0% at the mid-point of revenue guidance.
• Non-GAAP other income and expense (OI&E) will be near Q3'22 levels.
• Non-GAAP tax rate will be approximately 19.0%.
• Non-GAAP net income per share will be approximately $0.64, plus or minus $0.05. This assumes a share count of approximately 330 million shares.

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

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