Juniper Networks (JNPR) Misses Q1 EPS by 2c, Offers Q2 Guidance

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Go back to Juniper Networks (JNPR) Misses Q1 EPS by 2c, Offers Q2 Guidance

Juniper Networks Reports Preliminary First Quarter 2020 Financial Results

April 28, 2020 4:16 PM EDT

SUNNYVALE, Calif., April 28, 2020 (GLOBE NEWSWIRE) -- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months ended March 31, 2020 and provided its outlook for the three months ending June 30, 2020.

First Quarter 2020 Financial Performance

Net revenues were $998.0 million, flat year-over-year, and a decrease of 17% sequentially.

GAAP operating margin was 3.9%, a decrease from 4.3% in the first quarter of 2019, and a decrease from 14.8% in the fourth quarter of 2019.

Non-GAAP... More