Most tech analysts and investors are likely focused on Microsoft this afternoon, but there are a few other notable fourth quarter reports being piped out after the bell, including Juniper Networks. The networking equipment maker ended the year on a solid note, producing a net income of $151.8 million, or 30 cents per share.
Juniper Networks Inc. (JNPR) said its fourth-quarter profit rose 59% on revenue growth driven in large part by an increase in product sales at the network-gear company. For the current quarter, Juniper said it expects adjusted earnings of 27 cents to 30 cents a share on revenue of $1.12 billion to $1.16 billion. Analysts surveyed by Thomson Reuters recently projected earnings of 29 cents a share on revenue of $1.14 billion. Juniper said its outlook, reflects that underlying demand in the industry will “remain healthy” this year. Likewise, rival F5 Networks Inc. (FFIV) on Wednesday offered upbeat guidance for the current quarter after posting fourth-quarter results that surpassed expectations.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Abridge's 93% valuation jump in four months tells us that something bigger than typical startup growth is cooking. It's a…
When it comes to respecting the privacy of its users and rejecting profligate government surveillance, few companies have as bad…
There was a time when Theranos was one of the most-promising startups in the world, but now it's having to…
Pressure-sensitive displays are practically essential for new flagships nowadays, so it's not at all surprising to hear that Samsung will…
