Wed, Jul. 6, 8:29 AM
- "Basis for our range bound view is our research with the Service Provider Channel noting potential for margin pressure and share loss in Juniper's (NYSE:JNPR) routing business in FY17/18," says analyst Vijay Bhagavath, downgrading to Hold with price target cut to $22 from $30.
- Longer-term, he's still constructive, noting potential for the company to introduce next-gen custom silicon routers in FY18 that could offset the near-term share loss and margin erosion trends.
- Shares -2.25% premarket to $21.57.
Fri, May 20, 5:39 PM
Thu, Apr. 28, 4:42 PM
- Juniper Networks (NYSE:JNPR) missed slightly with disappointing Q1 results where revenues gained slightly Y/Y but fell 17% from the fourth quarter.
- Similarly, net income (non-GAAP) of $142.2M rose 8% Y/Y but tumbled 43% from Q4. "We remain constructive on the full year and encouraged by early customer feedback on our recently introduced new products," says CEO Rami Rahim.
- Net cash flow from operations fell to $172M from a year-ago $219M.
- Days sales outstanding rose to 64 days from a year-ago 43 (and Q4's 53 days).
- Including BTI Systems -- an acquisition that closed April 1 -- the company's guiding to Q2 revenues of $1.16B-$1.22B (in line) and EPS of $0.44-$0.50 (vs. $0.49 expected).
- Shares fell 0.6% after hours after declining 1.8% during the regular session.
- Conference call to come at 5 p.m.
- Press Release
Thu, Apr. 28, 4:19 PM
Wed, Apr. 27, 5:35 PM
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Tue, Apr. 12, 9:12 AM
Mon, Apr. 11, 5:38 PM
Mon, Apr. 11, 4:31 PM
- Juniper Networks (NYSE:JNPR) now expects Q1 revenue of $1.09B-$1.1B and EPS of $0.35-$0.37. That's below prior guidance of $1.15B-$1.19B and $0.42-$0.46, and a consensus of $1.18B and $0.45.
- The networking hardware vendor primarily blames "weaker than anticipated demand from Enterprise and timing of deployments of certain U.S. and EMEA Tier 1 Telecoms." It previously issued soft Q1 guidance in January, while blaming "the uncertainty of the near term global macro environment and potential lumpiness in customer investment patterns." Official Q1 results are due on the afternoon of April 28.
- Juniper is down 8.4% after hours to $22.79. Carrier router archrival Cisco (NASDAQ:CSCO) is down 1.5% to $27.20. In February, Cisco reported its service provider orders were up 5% Y/Y in FQ2 (the January quarter).
Wed, Mar. 9, 1:54 PM
- Looking to better compete against common rivals such as Cisco, HP, and Dell, Juniper (JNPR +1.5%) and Lenovo (OTCPK:LNVGY) have struck a global reseller deal and product-integration partnership encompassing each company's data center hardware lineups.
- Some of the elements of the deal: 1) Companies will be able to buy Juniper's networking hardware from Lenovo, which bought IBM's x86 server unit in 2014. 2) Juniper and Lenovo plan to develop "simplified" data center management and orchestration tools using the latter's Network Director and Contrail SDN software, and the former's xClarity management software. 3) The companies plan to develop "go-to-market plans and a tailor-made resell model to address unique localization requirements in China."
- The deal is also said to cover hyper-converged (integrated server/storage/networking) and hyper-scale data center hardware - EMC, Cisco, HP, Dell, and Oracle are all going after the hyper-converged market, while many Internet companies (as well as some enterprises) have embraced hyper-scale data center architectures.
- Juniper's enterprise revenue rose 8% Y/Y in Q4 to $386.4M, and accounted for 29% of its total revenue. News of the Lenovo deal comes a week after Cisco (NASDAQ:CSCO) unveiled a refresh for its Nexus data center switch line, as well as new switch ASICs (referred to as Cloud Scale) said to deliver unmatched performance and latency.
Wed, Feb. 24, 10:54 AM
- Juniper (JNPR -0.6%) is selling $350M worth of 3.125% senior notes due 2019, and $150M worth of 4.5% senior notes due 2024.
- Expected uses for net proceeds include repaying $300M worth of 3.1% senior notes maturing in March, as well as dividends, buybacks, and other spending.
- Juniper has been buying back shares at an aggressive pace. The company ended 2015 with $3.2B in cash/investments (some of it offshore) and $1.9B in debt.
Fri, Jan. 29, 8:51 AM
- Believing shares are at attractive levels following Thursday's 15.4% post-earnings drop, Bernstein's Pierre Ferragu has upgraded Juniper (NYSE:JNPR) to Outperform. His target is $31.
- Ferragu argues Juniper's light Q1 guidance (heavily responsible for the plunge) is due to management's caution in the face of macro uncertainty. He sees service provider sales (65% of revenue) benefiting from late-cycle capex and isn't worried about Juniper's pending CFO change, given a transition has been planned for some time.
- JNPR +1.6% premarket to $22.82.
Thu, Jan. 28, 9:23 AM
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Wed, Jan. 27, 5:40 PM
Wed, Jan. 27, 4:44 PM
- Though Juniper (NYSE:JNPR) beat Q4 estimates, it's guiding for Q1 revenue of $1.17B (+/- $20M) and EPS of $0.42-$0.46, below a consensus of $1.19B and $0.47. The company blames "the uncertainty of the near term global macro environment and potential lumpiness in customer investment patterns."
- Juniper also discloses chief financial and operations officer Robyn Denholm will be resigning following the filing of Juniper's 2015 10-K; she's expected to remain with the company over the next several months Juniper plans to name finance SVP Ken Miller its next CFO.
- Shares have tumbled to $24.00 after hours.
- Juniper's Q4 results, earnings release
Wed, Jan. 27, 4:23 PM
- Juniper Networks (NYSE:JNPR): Q4 EPS of $0.63 beats by $0.04.
- Revenue of $1.32B (+20.0% Y/Y) beats by $20M.
- Shares -9%.
Wed, Jan. 27, 8:28 AM
- Jim Dolce, the CEO of mobile security software firm Lookout, has resigned from Infinera's (NASDAQ:INFN) board to avoid conflicts of interest following router/switch vendor Juniper Networks' deal to acquire optical networking hardware/software firm and Infinera rival BTI Systems.
- Dolce has been a member of Juniper's (NYSE:JNPR) board since last March, and previously was a Juniper EVP. Infinera's board bio page suggests the company now has nine directors.
Juniper Networks, Inc. designs, develops and sells products and services that together provide customers with network infrastructure that creates responsive and trusted environments for accelerating the deployment of services and applications over a single network. The company offers a broad... More
Industry: Networking & Communication Devices
Country: United States
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