In 1Q17, Juniper Networks (JNPR) expects to see revenues of $1.17 billion–$1.23 billion and a non-GAAP (generally accepted accounting principles) gross margin of 62.5%. Driven by a challenging macroeconomic environment, Juniper expects modest revenue growth in 2017.
Ken Miller, Juniper Networks’ chief financial officer, said, “We are focused on executing to our strategy and capitalizing on the momentum of our new products within the target markets we serve. He added, “While we expect to continue to see pricing pressure and product mix fluctuations, we remain focused on disciplined cost management.”
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Juniper Networks intends to focus on revenue growth and improved profit margins in the next few years in order to increase its shareholder value. Non-GAAP operating expenses are expected to be $515.0 million, with an operating margin of 19.5%.
Analysts estimate that Juniper Networks (JNPR) will post revenues of $1.2 billion for the quarter ending in March 2017. Their low estimate is $1.17 billion, and their high estimate is $1.23 billion.
EPS (earnings per share) for 1Q17 is estimated at $0.42, with a high estimate of $0.44 and a low estimate of $0.40. If Juniper meets analysts’ revenue estimates of $1.2 billion, it will mean a rise of 9.7% YoY (year-over-year) compared to 1Q16.
Analysts expect Juniper’s revenue to rise 4.8% YoY in fiscal 2Q17 to $1.3 billion and 4.3% YoY in fiscal 2017 to $5.2 billion.