Juniper Networks, Inc. (JNPR) reported relatively healthy third-quarter 2024 results, with both bottom and top lines beating the Zacks Consensus Estimate. However, the company recorded lower revenues year over year, owing to sluggish demand for Wide Area Networking, Campus and Branch solutions. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Strong growth in cloud orders, backed by rising investment in front and back-end AI networking and growing demand for Mist systems, partially ...

For the quarter ended September 2024, Juniper Networks (JNPR) reported revenue of $1.33 billion, down 4.8% over the same period last year. EPS came in at $0.48, compared to $0.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of +5.01%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.44.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Juniper Networks (JNPR) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this computer network equipment maker would post earnings of $0.44 per share when it actually produced earnings of $0.31, delivering a surprise of -29.55%.Over the last f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to_________ | --- | --- | --- | |----------------------------------------------------------------|----------------------------------------------- ...

Financial Performance - Net revenues for Q3 2024 were $1,331.0 million, a decrease of 5% year-over-year, but an increase of 12% sequentially[3]. - GAAP net income was $92.6 million, representing a 22% increase year-over-year and a 172% increase sequentially, resulting in diluted net income per share of $0.28[4]. - Total net revenues for the three months ended September 30, 2024, were $1,331.0 million, a decrease of 4.7% compared to $1,397.8 million for the same period in 2023[18]. - Net income for the three months ended September 30, 2024, was $92.6 million, compared to $76.1 million in the same period last year, with diluted net income per share rising to $0.28 from $0.24[22]. - Net income for the nine months ended September 30, 2024, was $125.9 million, down from $185.9 million in the same period of 2023, representing a decrease of about 32.4%[36]. Revenue and Orders - Total product orders grew nearly 60% year-over-year, with strong demand particularly from cloud customers[5]. - The Americas region generated $844.1 million in revenues for the three months ended September 30, 2024, compared to $836.5 million in the previous year[21]. - The Cloud segment reported revenues of $349.6 million for the three months ended September 30, 2024, an increase from $269.6 million in the same period last year[20]. Operating Metrics - Non-GAAP operating margin was 15.0%, a decrease from 17.5% in Q3 2023, but an increase from 10.9% in Q2 2024[3]. - Operating income for the three months ended September 30, 2024, increased to $94.1 million, compared to $87.6 million for the same period in 2023, resulting in an operating margin of 7.1%[22]. - The company reported a non-GAAP operating income of $200.0 million for the three months ended September 30, 2024, compared to $129.7 million in the same period last year[22]. Cash Flow and Investments - Net cash flows provided by operations for Q3 2024 were $192.2 million, down from $329.2 million in Q3 2023[7]. - Cash flows from operating activities decreased to $508.3 million from $863.7 million, a decline of approximately 41.1%[36]. - Total cash, cash equivalents, and investments as of September 30, 2024, were $1,562.9 million, up from $1,418.0 million a year ago[6]. - Long-term investments rose significantly from $116.8 million to $331.2 million, an increase of about 184.5%[35]. Expenses - Research and development expenses for the three months ended September 30, 2024, were $290.6 million, slightly up from $288.5 million in the same period last year[18]. - Total operating expenses for the three months ended September 30, 2024, were $679.3 million, down from $722.8 million in the same period last year[18]. - Share-based compensation expense increased to $211.4 million from $197.6 million, an increase of approximately 6.4%[36]. Dividends and Stockholder Equity - A cash dividend of $0.22 per share has been declared, to be paid on December 23, 2024[9]. - Total stockholders' equity increased from $4,492.7 million to $4,642.7 million, an increase of approximately 3.3%[35]. Future Outlook and Guidance - The proposed merger with Hewlett Packard Enterprise is expected to close in late 2024 or early 2025, with an equity value of approximately $14 billion[2]. - Juniper Networks will not provide financial guidance for 2024 due to the pending transaction with HPE[10]. - The company anticipates continued focus on market expansion and new product development in the upcoming quarters[24]. Financial Adjustments and Transparency - The company plans to continue providing non-GAAP financial measures to enhance transparency and comparability for investors[26]. - The company excluded acquisition-related charges and other unique items from its non-GAAP financial measures to better reflect ongoing operations[28][30]. - The company reported a loss on privately-held investments of $13.1 million, down from $92.0 million in the previous year[36].

Juniper Networks, Inc. (JNPR) recently announced that Thailand's national carrier, Thai Airways, is utilizing Juniper's AI-Native Networking Platform to upgrade its headquarters' network infrastructure. This modernization allows the airline to improve efficiency and reliability, enabling Thai Airways to offer quality experiences for operators and customers across all its services. As a prominent gateway to Asia, Thai Airways identified the need to strengthen its corporate network to support post-pandemic tr ...

Analysts on Wall Street project that Juniper Networks (JNPR) will announce quarterly earnings of $0.44 per share in its forthcoming report, representing a decline of 26.7% year over year. Revenues are projected to reach $1.27 billion, declining 9.3% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a comp ...

Juniper Networks, Inc. (JNPR) is set to release its third-quarter 2024 results on Oct. 31, after the closing bell. The leading provider of networking solutions and communication devices is expected to report lower revenues year over year, owing to demand softness in several business segments. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. However, the company's focus on expanding its secure, efficient and user-friendly network management solution suite will likely have strengthene ...

Juniper Networks, Inc. (JNPR) recently announced that the Norwegian Broadcasting Corporation (“NRK”) will leverage the former’s state-of-the-art MPLS-based, automated Wide-Area Network (WAN) to transition to an IP-based network infrastructure. Being a state-owned radio and television broadcasting company in Norway, NRK serves approximately 90% of the population daily through its three national TV channels, 14 radio stations and various digital services. The network modernization initiatives were driven by t ...

Juniper Networks, Inc. (JNPR) recently announced that JATCO Ltd., one of the major players in the automotive transmission industry, has selected JNPR’s AI native networking portfolio to upgrade its WiFi network. JNPR’s offerings include Mist AI, which harnesses data science and machine learning capabilities to ensure network performance optimization.JATCO has deployed Juniper AP43 and Juniper AP63 Access Points to leverage the power of Juniper purpose-built AIOps(Artificial Intelligence for IT Operations). ...