Juniper Networks (JNPR) Misses Q1 EPS by 1c; Issues Lackluster Guidance

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Go back to Juniper Networks (JNPR) Misses Q1 EPS by 1c; Issues Lackluster Guidance

Juniper Networks Reports Preliminary First Quarter 2016 Financial Results

April 28, 2016 4:16 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 04/28/16 -- Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, today reported preliminary financial results for the three months ended March 31, 2016 and provided its outlook for the three months ending June 30, 2016.

Net revenues for the first quarter of 2016 were $1,097.9 million, an increase of 3% year-over-year and a decrease of 17% sequentially.

Juniper's GAAP operating margin for the first quarter of 2016 was 13.5%, an increase from 12.3% in the first quarter of 2015, and a decrease from 21.2% in the fourth quarter of 2015. Non-GAAP operating margin for the first quarter... More