Juniper Networks, Inc. (NASDAQ: JNPR) has posted earnings of $0.32 non-GAAP EPS on $923.5 million in revenue. If anyone was going to be paying attention to Juniper’s numbers, it is management of Cisco Systems, Inc. (NASDAQ: CSCO). First Call had estimates of $0.32 EPS and $936.2 million revenues.
Juniper is more cautious than it had been in past quarters. Nonetheless, the company appears more optimistic than its peers. The company notes that earnings have been hurt by the weak economy.
The company did not offer formal guidance, so this is considered"incomplete data" until its conference call. Next quarter estimatesare $0.27 EPS and $883.6 million in revenue.
Shares closed down over 7% at $16.97, and its 52-week trading range is$13.29 to $29.49. They are trading down around $16.00 in the initialreaction in after-hours trading.
Jon C. Ogg
January 29, 2009
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