Juniper Networks Inc. (NYSE: JNPR) – Q2 FY 2011 Earnings Preview
By:NewsyStocks   Thursday, July 07, 2021 12:59 PM

A telecommunication equipment vendor, Juniper Networks Inc. (NYSE: JNPR) is scheduled to report its second quarter FY 2011 earnings on July 22, 2011. In the last four quarters ended March 2011, the company's reported EPS exceeded analysts' consensus forecast for quarters ended June 2010 and December 2010 by margins of 3.40 percent and 5.40 percent, respectively. For quarters ended September 2010 and March 2011, the reported EPS met Wall Street's consensus estimate of $0.32 per share.

Juniper Networks designs, develops and sells products and services that together provide its customers with network infrastructure that creates responsive  environments for accelerating the deployment of services and applications over a single network. The company's operations are organized into two segments: infrastructure and service layer technologies. Juniper has a market share of 30 percent, and stands second in the industry behind Cisco Systems Inc. (Nasdaq: CSCO), which has a market share of 60 percent.

For Q1 FY 2011

  • Net revenue increased by 21 percent to$1.1 billion, from $912 million in the first quarter FY 2010.
  • Net income was $130 million, down 20 percent, compared with net income of $163 million in the comparable quarter last year.
  • Earnings were $0.24 per diluted share, compared with earnings of $0.31 per diluted share in the first quarter FY 2010.
  • On a non-GAAP basis, net income increased 19 percent to $178 million, or $0.32 per share.
  • Operating margin decreased to 16.1 percent, from 17.6 percent in the first quarter FY 2010.

For FY 2010

For full year 2010, revenue increased 23 percent to $4.093 billion from $3.315 billion in FY 2009. Net income for the year was $618.4 million, or $1.15 per diluted share, compared with net income of $117 million, or $0.22 per diluted share, reported for FY 2009.

Company's Outlook

Juniper expects second quarter revenue to be in the range of $1.13 billion to $1.18 billion, representing an increase of 16 percent to 21 percent. Non-GAAP gross margin is expected to remain in its targeted range of between 66 percent and 68 percent. Net income for the second quarter is expected to be in the range of $0.31 per share and $0.34 per share.

Analysts Forecast

For the second quarter, analysts' EPS estimates range from a low of $0.32 to a high of $0.36 per share, compared with a consensus estimate of $0.30 per share to $0.34 per share in the year ago quarter. For this quarter, analysts' revenue estimates range from a low of $1.11 billion to a high of $1.18 billion, compared with a consensus estimate of $978.30 million to $1.16 billion in the same quarter a year ago. For the second quarter, the consensus EPS forecast has remained unchanged for the last 60 days at $0.34 per share.

In the last 52-weeks, Juniper's stock has been trading in the range of $22.25 to $45.01. The stock was trading higher by 1.38 percent to $30.86 on June 29. On June 14, analysts at RBC Capital markets downgraded the stock rating to Sector Perform from Outperform.


 

Sponsors

Advertisement


Advertisement