The stock is up sharply today in Europe after the company managed to post its first annual profit since the merger of Alcatel and Lucent five years ago. Revenue was up 9.5% sequentially for Q4, and earnings per share came in above estimates.
It’s been a long turnaround for the Franco-American outfit, but they’ve been slogging away and getting little credit for it all year. They’ve been winning 100G contracts all over the place as well as making solid headway on other fronts such as LTE and VDSL vectoring.
So with the twin giants Cisco and Alcatel-Lucent surging, perhaps it’s really no wonder that Juniper found Tier 1 carriers a bit harder to hook this winter. The economy, both macro and sector-specific, have been looking better and better all month.
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