WLAN Revenues Plummet 26 Percent in 4Q 2023, According to Dell'Oro Group [Yahoo! Finance]
Juniper Networks, Inc. (JNPR)
Last juniper networks, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
March 6, 2024 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, 2023 was a roller coaster ride for Wireless LAN (WLAN) vendors. Revenues were elevated in the first half of the year but contracted sharply in 4Q 2023. Despite the end-of-year correction, annual WLAN revenues hit a record $10 B "In 4Q 2023, enterprises and distributors were awash with WLAN inventory, contributing to a digestion period–a pause in purchasing while the equipment shipped in the past few quarters is deployed," said Siân Morgan, Research Director at Dell'Oro Group. "All macro regions across the world saw a contraction in WLAN sales. "We are anticipating that this downturn will continue into 2024. Vendors that generate recurring revenues from existing customers, as opposed to relying solely on sales of new shipments, are expected to fare better during the downtur
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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