Juniper Networks, Inc. Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Juniper Networks, Inc. (NYSE:JNPR) will unveil its latest earnings on Tuesday, July 26, 2011. Juniper Networks, Inc. offers products and services that facilitate the deployment of services and applications over the Internet.

Juniper Networks, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 27 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $1.24 per share, a rise of 15.9% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported profit of 25 cents per share against a mean estimate of 26 cents. Two quarters ago, it beat expectations by 5 cents with net income of 36 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.15 billion in revenue this quarter, a rise of 17.6% from the year ago quarter. Analysts are forecasting total revenue of $4.84 billion for the year, a rise of 18.3% from last year’s revenue of $4.09 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and 13 rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 23.6%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 26.4% from the year earlier quarter.

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 20.5% in the first quarter from the year earlier, while the figure rose 730.6% in the fourth quarter of the last fiscal year, 60.6% in the third quarter of the last fiscal year and 783.7% in the second quarter of the last fiscal year.

Competitors to Watch: Cisco Systems, Inc. (NASDAQ:CSCO), Alcatel-Lucent (NYSE:ALU), Extreme Networks, Inc (NASDAQ:EXTR), Riverbed Technology, Inc. (NASDAQ:RVBD), ADTRAN, Inc. (NASDAQ:ADTN), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Nokia Corporation (NYSE:NOK), Hewlett-Packard Company (NYSE:HPQ), Tellabs, Inc. (NASDAQ:TLAB), and Intl. Business Machines Corp. (NYSE:IBM).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $8.64 (-21.7%) from $39.79 to $31.15. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 15, 2011 when shares rose for 13-straight days, rising 22.4% (+$8.11) over that span. It saw one of its worst periods between April 21, 2011 and May 4, 2011 when shares fell for nine-straight days, falling 7% (-$2.79) over that span. Shares are down $5.77 (-15.6%) year to date.

(Source: Xignite Financials)

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