Juniper Off 6%: Q1 Rev Misses, EPS Beats; Q2 View Misses

Shares of networking instrumentation maker Juniper Networks (JNPR) ar down $1.11, or 6.4%, at $16.25 in late mercantilism when the corporate reportable Q1 revenue that uncomprehensible analysts’ estimates, however beat on the lowest line, and projected this quarter’s results lower, citingsoftness among enterprise customers within the U.S.

Revenue within the 3 months resulted in March rose two.6%, year over year, to $1.06 billion, yielding EPS of twenty four cents, excluding some prices, and helped by a 5-cent tax deduction.

Analysts had been modeling $1.07 billion and twenty two cents.

Mind you, some retailers tonight were coverage a miss against the 22-cent estimate, when excluding the tax deduction.

CEO Kevin Johnson remarked that “This was 1 / 4 of modest year-on-year growth driven by revived demand from service suppliers and offset slightly by softness in enterprise sectors, together with federal and money services.”

Added CFO Robyn Denholm, “As expected, we tend to saw continuing sturdy broad based mostly demand from United States service suppliers and early indications of rising demand from EMEA service suppliers.”

For this quarter, the corporate projected revenue in a very vary of $1.07 billion to $1.1 billion, and EPS of twenty-two cents to twenty six cents. that’s below the consenssu for $1.11 billion and twenty seven cents.

Shares of contestant Cisco Systems (CSCO) were down thirty six cents, or 1.7%, at $20.55, in late mercantilism, whereas shares of F5 Networks (FFIV) were off fractionally.