Juniper Cautious, But Posts Nice Q2

July 24th, 2012 by · Leave a Comment

Juniper Networks (NASDAQ:JNPR, news, filings) followed up a surprisingly good Q1 with an even better Q2, despite the moody uncertainty hanging over the sector as a whole.  Here's a quick table of some of the relevant numbers:

$ in millions Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12
(guidance)
Revenue 1120.5 1105.8 1120.8 1032.5  1073.8 1040-1075
EPS (non-GAAP) 0.31 0.28 0.28 0.16 0.19 0.15-0.18
Operating Margin (non-GAAP) 21.6% 20.0% 18.6% 12.0%  15% 13-14%

Revenues, margins, and earnings per share were all above both the guided range and composite analyst projections for the second quarter.  Third quarter guidance, on the other hand, was a bit light and reflected what the company called "near-term macro uncertainty".  All things considered though, traders seem happy with the Q2 beat and no big forecast of impending doom for the second half.

Juniper also announced a partnership with Riverbed for WAN optimization, application delivery, and mobility.  Juniper is licensing Riverbed's application delivery controller for $75M, and the two will work jointly to integrate Riverbed's Steelhead Mobile tech into Junos Pulse client.

Categories: Financials · Telecom Equipment

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