Juniper Networks Beats Q4 Earnings And Revenue Estimates

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Juniper Networks Inc (JNPR – Analyst Report) released their fourth quarter fiscal 2015 earnings results after market close yesterday, posting earnings of $0.52 and revenue of $1.319 billion.

Currently, JNPR has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Juniper Networks:

1. Beat earnings estimates. The company posted $0.52, beating our Zacks Consensus Estimate of $0.49.

2. Beat revenue estimates. The company saw revenue figures of $1.319 billion, surpassing our estimate of $1.298 billion.

3. Posted non-GAAP net income of $247.6 million, a strong increase of 38% year-over-year and an increase of 12% sequentially.

4. “Our record fourth quarter 2015 results reflect strong year-over-year and sequential revenue and earnings growth,” said Robyn Denholm, chief financial and operations officer at Juniper Networks. “I’m pleased with how well we’ve diversified our customer base across multiple verticals and geographies, and improved our operations. Our focus continues to be on our fundamentals — improving execution, continuing cost discipline and operational efficiency.”

5. JNPR was down $2.54, or 9.57%, to $24.00 as of 5:18 PM ET in after hours trading shortly after its earnings report was released.

Here is a graph of Juniper Networks’ stock price over a one year span:

Juniper Networks Inc. (JNPR – Analyst Report) Stock Price – 1 Year | FindTheCompany

Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed, or purpose-built, for service provider networks and offer our customers increased reliability, performance, scalability, interoperability and flexibility, and reduced complexity and cost compared to current alternatives. Juniper was founded in 1996 and is headquartered in Sunnyvale, California.