Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand [Reuters]
Juniper Networks, Inc. (JNPR)
Last juniper networks, inc. earnings: 4/28 04:15 pm
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Source: Reuters
estimates, as businesses scale down spending on the server maker's technology solutions. Shares of the Spring, Texas based company fell about 3% in extended trading. An uncertain economy and high interest rates have led clients to cut back on expenses in a push for stronger profitability. Enterprises are hesitant to sign new contracts, commit to long-term initiatives or take on new technology partners, although IT spend is expected to increase in 2024, according to research firm Gartner. HPE expects revenue in the second quarter in the range of $6.6 billion to $7 billion, below analysts' average estimate of $7.11 billion, according to LSEG data. It also reported a 13.5% fall in first-quarter revenue to $6.76 billion, missing estimates of $7.11 billion. CFO Marie Myers said that the "softening of the networking market and GPU deal timing" impacted the company in the first quarter. On an adjusted basis, the company reported 48 cents per share in the November-to-January qua
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News
- Microland announces Global Elite Plus Status with Juniper Networks to launch Network as a Service offering [Yahoo! Finance]Yahoo! Finance
- Juniper (JNPR) Misses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Juniper Networks, Inc. (NYSE: JNPR) had its price target raised by analysts at Barclays PLC from $40.00 to $41.00. They now have an "equal weight" rating on the stock.MarketBeat
- Juniper Networks, Inc. (NYSE: JNPR) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Juniper misses revenue estimates on weak networking gear demand [Reuters]Reuters
JNPR
Earnings
- 4/25/24 - Beat
JNPR
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/23/24 - Form ARS
- JNPR's page on the SEC website