Juniper Networks (JNPR) Tops Q3 EPS by 1c; Guides Q4 Below the Street

Juniper Networks (NYSE: JNPR) reported Q3 EPS of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.13 billion.

Juniper Networks sees Q4 2014 EPS of $0.28-$0.32, versus the consensus of $0.41. Juniper Networks sees Q4 2014 revenue of $1.025-1.075 billion, versus the consensus of $1.18 billion.

"We are disappointed in our third quarter revenue results, which reflect a lower-than-anticipated demand from service providers, particularly in the U.S.," said Shaygan Kheradpir, chief executive officer of Juniper Networks. "However, the underlying long-term demand trends in networking remain intact. While we navigate these dynamics, we are relentlessly focused on managing operating expenses while providing the innovation that matters most to our customers. We continue to have confidence in our business and see substantial opportunities to drive profitable growth and increase the value of our shareholders' investment over the long-term."

"Despite a weaker spending environment impacting third quarter revenue growth, we have been able to manage costs effectively to deliver good margins," said Robyn Denholm, chief financial and operations officer of Juniper Networks. "We enhanced efficiencies across the Company and exceeded our targeted cost reductions ahead of schedule. We have also continued our aggressive capital return plan to return immediate value to our shareholders while investing for the future growth of our business."

For earnings history and earnings-related data on Juniper Networks (JNPR) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Analysts favorite fintech stock Adyen tumbles after revenue miss
• Live Oak Bancshares, Inc. (LOB) Misses Q1 EPS by 11c