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Stock Market & Financial Investment News

News Breaks
January 24, 2013
13:20 EDTJNPREarnings Preview: Juniper Networks shares higher ahead Q4 earnings
Juniper Networks (JNPR) is set to report its Q4 earnings after the market close on Thursday, January 24, with a conference call scheduled for 5:00 pm ET. Juniper Networks is a designer and seller of products and services that provide customers with network infrastructure... EXPECTATIONS: Analysts are looking for EPS of 22c on revenue of $1.13B, according to First Call. The consensus range for EPS is 20c-26c on revenue of $1.11B-$1.17B... LAST QUARTER: Juniper reported Q3 EPS of 22c against estimates for 17c on revenue of $1.12B against estimates for $1.06B. During its Q3 earnings call, Juniper said it sees Q4 EPS 19c-22c against estimates for 22c, on revenue of $1.1B-$1.13B against estimates for $1.15B. At the Raymond James IT Supply Chain conference in December, Juniper said that it has $650M remaining on a June 2012 $1B share repurchase authorization, saying it sees an opportunity for more aggressive share repurchases in the current environment. At the same conference, the company said it has no plans to be a dividend payer in the near-term. On December 12, Juniper announced it acquired Contrail Networks for $176M in cash and stock... STREET RESEARCH: Street research has been generally positive since its Q3 earnings report, and shares were most recently upgraded last week to Overweight from Neutral at JPMogran with a $25 price target. The stock received its lone downgrade, to Sector Perform from Outperform, at Pacific Crest in November, but shares were mentioned positively at Morgan Stanley and Cantor upgraded shares to Buy from Hold in November... PRICE ACTION: Shares of Juniper have gained more than $3.75, or more than 22.5% since the first day of trading following its Q3 report. Ahead of its Q4 report, shares of Juniper are up about 0.4% in afternoon trading.
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August 18, 2015
09:04 EDTJNPRJuniper selected by Joe Gibbs Racing to speed data center network transformation
Juniper Networks announced that four-car NASCAR team Joe Gibbs Racing selected its next-generation switching and security solutions to rev up the team's aging network infrastructure for better performance on and off the track.

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