Juniper Networks (JNPR) Misses Q1 EPS by 2c, Offers Q2 Guidance

Juniper Networks (NYSE: JNPR) reported Q1 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $998 million versus the consensus estimate of $1.01 billion.

GUIDANCE:

Juniper Networks sees Q2 2020 EPS of $0.39-$0.29, versus the consensus of $0.35. Juniper Networks sees Q2 2020 revenue of $1.06 billion, versus the consensus of $1.05 billion.

• Revenue will be approximately $1,060 million, plus or minus $50 million.
• Non-GAAP gross margin will be approximately 59.5%, plus or minus 1.0%.
• Non-GAAP operating expenses will be approximately $480 million, plus or minus $5 million.
• Non-GAAP operating margin will be approximately 14.0% at the mid-point of revenue guidance.
• Non-GAAP tax rate will be approximately 19.5%.
• Non-GAAP net income per share will be approximately $0.34, plus or minus $0.05. This assumes a share count of approximately 332 million.

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

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