trending Market Intelligence /marketintelligence/en/news-insights/trending/OCyWGJ5Cx66MKm40LEEOHg2 content esgSubNav
In This List

Juniper Networks profit misses consensus by 42.3% in Q1

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Juniper Networks profit misses consensus by 42.3% in Q1

Juniper Networks, Inc. said its first-quarter normalized net income was 18 cents per share, compared with the S&P Capital IQ consensus estimate of 31 cents per share.

EPS climbed 34.4% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $73.0 million, an increase of 12.1% from $65.1 million in the year-earlier period.

The normalized profit margin climbed to 6.8% from 5.6% in the year-earlier period.

Total revenue declined 8.8% on an annual basis to $1.07 billion from $1.17 billion, and total operating expenses declined 11.4% on an annual basis to $934.2 million from $1.05 billion.

Reported net income declined 28.0% on an annual basis to $78.7 million, or 19 cents per share, from $109.2 million, or 22 cents per share.