Juniper Networks (JNPR) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Juniper Networks (JNPR) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.37 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.38. The company posted revenue of $1098.00 million in the period, compared to analysts expectations of $1112.71 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Juniper Networks. Shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $26 .Shares were Reiterated by Stifel on Apr 12, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $34 .Shares were Reiterated by MKM Partners on Apr 12, 2016 to “Neutral” and Lowered the Price Target to $ 26 from a previous price target of $27 .

Juniper Networks opened for trading at $23.5 and hit $23.86 on the upside on Wednesday, eventually ending the session at $23.81, with a gain of 1.10% or 0.26 points. The heightened volatility saw the trading volume jump to 44,32,841 shares. Company has a market cap of $9,110 M.

In a different news, on Apr 27, 2016, Terrance F Spidell (Corp VP Corp Controller & CAO) sold 2,555 shares at $23.56 per share price. According to the SEC, on Feb 2, 2016, Rami Rahim (Chief Executive Officer) sold 17,500 shares at $23.12 per share price. On Nov 24, 2015, Pradeep Sindhu (EVP CTO) sold 40,800 shares at $30.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Juniper Networks Inc. designs develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in more than 100 countries in three geographic regions: Americas; Europe Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company sells its network products and service offerings across routing switching and security. In addition to its products the Company offers its customers worldwide services including technical support professional services education and training programs. The Company’s routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Company’s security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products such as Junos OS Junos Space and Contrail.

Juniper Networks

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