Juniper Networks (JNPR) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q EPS/Revenue Guidance
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Juniper Networks Reports Preliminary First Quarter 2021 Financial Results
April 27, 2021 4:10 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months ended March 31, 2021 and provided its outlook for the three months ending June 30, 2021.
First Quarter 2021 Financial Performance
Net revenues were $1,074.4 million, an increase of 8% year-over-year and a decrease of 12% sequentially.
GAAP operating margin was 2.6%, a decrease from 3.9% in the first quarter of 2020, and a decrease from 8.0% in the fourth quarter of 2020.
Non-GAAP operating margin was 12.1%, an increase from 10.2% in the first quarter of 2020, and a... More
