Juniper Networks Inc reports results for the quarter ended in March - Earnings Summary
Juniper Networks Inc JNPR.N reported quarterly adjusted earnings of 29 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 35 cents to 46 cents per share.
Revenue fell 16.2% to $1.15 billion from a year ago; analysts expected $1.24 billion.
Juniper Networks Inc's reported EPS for the quarter was breakeven results.
The company reported a quarterly loss of $800 thousand.
Juniper Networks Inc shares had fallen by 4.6% this quarter and gained 19.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the communications & networking peer group is also "hold"
Wall Street's median 12-month price target for Juniper Networks Inc is $40.00
This summary was machine generated from LSEG data April 25 at 11:34 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Mar. 31 2024 | 0.40 | 0.29 | Missed |
Dec. 31 2023 | 0.64 | 0.61 | Missed |
Sep. 30 2023 | 0.55 | 0.60 | Beat |
Jun. 30 2023 | 0.55 | 0.58 | Beat |
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