How Juniper Networks Performed in 1Q17
Juniper Networks (JNPR) announced its 1Q17 results on April 25, 2017, and reported revenues of ~$1.2 billion. Its revenues fell 12% sequentially and rose 11% year-over-year.
April 28 2017, Updated 7:40 a.m. ET
1Q17 revenues
Juniper Networks (JNPR) announced its 1Q17 results on April 25, 2017, and reported revenues of ~$1.2 billion. Its revenues fell 12% sequentially (quarter-over-quarter) and rose 11% YoY (year-over-year). Juniper Networks’ GAAP[1. generally accepted accounting principles] operating margin for 1Q17 was 12.8%, compared to 20.7% in 4Q16 and 13.5% in 1Q16.
JNPR’s non-GAAP net income was $178 million, and its EPS (earnings per share) came in at $0.46 per diluted share in 1Q17.
What did analysts expect in 1Q17 for Juniper?
Analysts estimated that Juniper Networks (JNPR) would post revenues of $1.20 billion for 1Q17, with a low estimate of $1.17 billion and a high estimate of $1.23 billion. Its EPS was estimated at $0.42, with a high estimate of $0.44 and a low estimate of $0.40.
Juniper Networks’ CEO, Rami Rahim, stated during the company’s earnings call, “We are off to a positive start in 2017 and delivered strong year-over-year revenue and earnings growth in the March quarter.”
Rahim added, “We are executing well in a competitive environment and are proud of the strength in our products and services portfolio….Looking at the remainder of 2017, we expect overall demand to be seasonal and believe our customer diversification is positioning us for growth as we navigate through volatile markets.”
Juniper Networks (JNPR) is an industry leader in automated, scalable, and secure networks. JNPR has a market capitalization of $10.8 billion. In comparison, its peers Cisco Systems (CSCO), Fortinet (FTNT), and Europe’s (FEP) Ericsson (ERIC) have market caps of $169 billion, $7 billion, and $21 billion, respectively.