Juniper Networks Earnings: Jives Past Wall Street Estimates

Juniper Networks, Inc. (NYSE:JNPR) delivered a profit and best Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Despite topping analyst estimates, shares are down 0.23%.

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Juniper Networks, Inc. Earnings Cheat Sheet

Results: Net income decreased -0.48% to $95.7 million (19 cents per diluted share) in the quarter versus a net gain of $96.16 million in the year-earlier quarter.

Revenue: Rose 1.72% to $1.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Juniper Networks, Inc. reported adjusted net income of 28 cents per share. By that measure, the company best the mean analyst estimate of $0.22. It beat the average revenue estimate of $1.13 billion.

Quoting Management: “I am pleased with the team’s effort and commitment in executing our strategy to drive revenue growth and improve operational execution,” said Robyn Denholm, CFO of Juniper Networks…

“For the fourth quarter we delivered sequential and year-over-year revenue growth and expanded operating margins. We have largely completed our announced workforce actions and are well underway with our facility and supply chain efforts to reduce our cost structure. These efforts are designed to sharpen our focus, drive efficiencies throughout the company and enable agility in execution. The benefits of these efforts are starting to show in our results.”

Key Stats:

Revenue increased 1.94% from $1.12 billion in the previous quarter. Net income increased 469.3% from $16.81 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.2 and has not changed. For the current year, the average estimate is a profit of $0.79, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials.)