Juniper Networks, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Juniper Networks, Inc. (NYSE:JNPR) will unveil its latest earnings on Tuesday, October 18, 2011. Juniper Networks 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 net income of 20 cents per share, a decline of 23.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 31 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 21 cents during the last month. For the year, analysts are projecting profit of 98 cents per share, a decline of 8.4% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 4 cents, coming in at net income of 23 cents per share against an estimate of profit of. In the first quarter, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.9% in revenue from the year-earlier quarter to $1.1 billion.

Analyst Ratings: Analysts seem relatively indifferent about Juniper Networks with 15 of 28 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 11.5% to $115.6 million (21 cents a share) from $130.5 million (24 cents a share) the year earlier, missing analyst expectations. Revenue rose 14.5% to $1.12 billion from $978.3 million.

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 21.1%, 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 company has seen net income fall in each of the last two quarters. Net income dropped 20.5% in the first quarter.

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 July 19, 2011 to October 12, 2011, the stock price had fallen $11.59 (-36.7%) from $31.58 to $19.99. 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 $16.93 (-45.9%) year to date.

(Source: Xignite Financials)

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