Juniper Networks (JNPR) Raises Share Buyback Authorization to $1.9B (from $900M)

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Go back to Juniper Networks (JNPR) Raises Share Buyback Authorization to $1.9B (from $900M)

Juniper Networks (JNPR) Tops Q3 EPS by 2c; Offers Q4 EPS/Revenue Outlook

October 24, 2019 4:25 PM EDT

Juniper Networks (NYSE: JNPR) reported Q3 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.14 billion.

Net revenues were $1,133.1 million, a decrease of 4% year-over-year, and an increase of 3% sequentially.GAAP operating margin was 12.2%, a decrease from 13.6% in the third quarter of 2018, and an increase from 7.5% in the second quarter of 2019.Non-GAAP operating margin was 18.3%, a decrease from 20.0% in the third quarter of 2018, and an increase from 15.8% in the second quarter of 2019.GAAP net income was $99.3... More

UPDATE: JPMorgan Upgrades Juniper Networks (JNPR) to Neutral

October 22, 2019 4:23 AM EDT

(Updated - October 22, 2019 5:03 AM EDT)

(updated to add analyst comment)

JPMorgan analyst Samik Chatterjee upgraded Juniper Networks (NYSE: JNPR) from Underweight to Neutral with a price target of $27.00 (from $25.00).

The analyst comments "We are upgrading shares of Juniper to... More