Juniper Networks Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Juniper Networks (NYSE:JNPR) will unveil its latest earnings on Tuesday, July 24, 2012. Juniper Networks offers products and services that facilitate the deployment of services and applications over the Internet.

Juniper Networks Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 8 cents per share, a decline of 65.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 14 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. Analysts are projecting profit to rise by 43.7% compared to last year’s 49 cents.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at profit of 6 cents per share against a mean estimate of net income of 7 cents. The company fell in line with expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, profit fell 87.5% to $16.3 million (3 cents a share) from $129.8 million (24 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.3% to $1.03 billion from $1.1 billion.

Stock Price Performance: Between April 23, 2012 and July 18, 2012, the stock price fell $4.96 (-24.6%), from $20.17 to $15.21. The stock price saw one of its best stretches over the last year between March 22, 2012 and March 30, 2012, when shares rose for seven straight days, increasing 9.2% (+$1.93) over that span. It saw one of its worst periods between December 5, 2011 and December 19, 2011 when shares fell for 11 straight days, dropping 22.4% (-$5.24) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 6.3% in revenue from the year-earlier quarter to $1.05 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 5.8% in the fourth quarter of the last fiscal year and dropped again in the first quarter.

The company is trying to stem some negative momentum heading into this earnings announcement. Profit has dropped by a year-over-year average of 46.5% over the past four quarters.

Analyst Ratings: There are mostly holds on the stock with 20 of 29 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.11 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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