Juniper’s Q1 Holds the Line

April 19th, 2011 by · Leave a Comment

Juniper Networks (NASDAQ:JNPR, news, filings) is one of the early birds of earnings season, and today offered up a bit of spring with its Q1/11 results.  The company's revenue of $1.102B and non-GAAP earnings per share of $0.32 were down sequentially from the seasonally strong Q4, but were perfectly inline with analyst projections.  Here's a quick table of the routing giant's numbers and guidance in the context of last year's results:

$ in millions Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 

(guidance)

Revenue $912.6 $978.3 $1012.4 $1190 $1102 $1130-1180
EPS (non-GAAP) 0.27 0.30 $0.32 $0.42 $0.32 $0.31-0.34
Operating Margin (non-GAAP) 23.2% 23.9% 24.1% 24.5% 22.3% 22-23%

 

Revenue guidance for Q2 was inline, while that for non-GAAP earnings per share was a bit light compared with projections.  Nevertheless, the markets seem to have liked the results as the stock is up over $1 after hours.  I believe this is because of not-so-latent fears that the effects of the earthquake and tsunami in Japan would be much more apparent in results across a wide spectrum of companies.  Juniper's Q2 forecast includes such effects, and was still quite solid - and therefore reassuring.

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Categories: Financials · Telecom Equipment

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