Juniper Networks (JNPR) PT Lowered to $26 at Baird

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Go back to Juniper Networks (JNPR) PT Lowered to $26 at Baird

Juniper Networks Reports Preliminary Third Quarter 2017 Financial Results

October 24, 2017 4:15 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 10/24/17 -- Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, today reported preliminary financial results for the three months ended September 30, 2017 and provided its outlook for the three months ending December 31, 2017.

Q3 2017 Financial Performance

Net revenues were $1,257.8 million, a decrease of 2% year-over-year and 4% sequentially.

GAAP operating margin was 19.4%, a decrease from 19.5% in the third quarter of 2016, and a decrease from 19.7% in the second quarter of 2017.

Non-GAAP operating margin was 23.5%, a decrease from 24.4% in the third quarter... More