Juniper Networks: Q3 Earnings Insights

Shares of Juniper Networks JNPR increased 5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 10.42% year over year to $0.43, which were in line with the estimate of $0.43.

Revenue of $1,138,000,000 rose by 0.44% year over year, which beat the estimate of $1,120,000,000.

Outlook

Juniper Sees Q4 Adj. EPS $0.48-$0.58 vs $0.53 Estimate, Sales $1.14B-$1.24B vs $1.19B Est.

Details Of The Call

Date: Oct 27, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.juniper.net%2F&eventid=2628550&sessionid=1&key=4ABE0C621C025B86F654A1B81192A572&regTag=&sourcepage=register

Technicals

52-week high: $26.49

Company's 52-week low was at $15.20

Price action over last quarter: down 12.57%

Company Description

Juniper Networks develops and sells switching, routing, security, related software products, and services for the networking industry. The company operates as one segment and its primary selling verticals are communication service providers, cloud, and enterprise. The California-based company was incorporated in 1996, employs over 9,000 individuals, and sells worldwide, with over half of its sales from the Americas region.