JNPR Earnings Prediction
The chart below shows how JNPR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JNPR sees a +1.90% change in stock price 10 days leading up to the earnings, and a -0.44% change 10 days following the report. On the earnings day itself, the stock moves by +0.59%. This data can give you a slight idea of what to expect for the next quarter's release.
JNPR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.40B
-1.19%
-2.26%
Gross Margin
57.98%
4.11%
1.97%
Operating Margin
10.74%
-6.36%
-2.54%
Net Margin
5.44%
-36.67%
218.13%
EPS
0.24
-35.14%
242.86%
No Data Available
JNPR Earnings Analysis
Juniper Networks, Inc. Corporation (JNPR.N) Earnings Conference Call
Positive
Juniper Networks delivered better-than-expected results in Q3 2023, with total revenue of $1.398 billion, exceeding the midpoint of guidance. Profitability was also strong, with non-GAAP earnings per share of $0.60 above the high end of the quarterly guidance range.
Enterprise business remained healthy with high single-digit sequential growth, exceeding expectations. Enterprise revenue represented more than 50% of total revenue for the first time in Juniper's history. Total Enterprise revenue grew nearly 40% year-over-year.
Record revenue growth in the campus and branch business, with AI-driven enterprise revenue growing more than 40% year-over-year. Revenue from the mystified segment grew nearly 100% year-over-year, surpassing $1 billion run rate on an annualized basis.
Services business posted record revenue and margins. Service revenue was $500 million, growing 12% year-over-year with a non-GAAP service gross margin of 72.8%, improving 4.8 points versus a year ago. Services revenue presents opportunities for continued growth and profitability improvements.
Company declared a quarterly cash dividend of $0.22 per share to be paid to stockholders of record. Additionally, Juniper Networks remains committed to delivering improved profitability, expecting greater than 100 basis points of non-GAAP operating margin improvement in 2023, with further improvement expected in 2024.
Negative
**
- Cloud and Service Provider demand remained pressured due to digestion of previously placed orders and an unfavorable macroeconomic environment.
- Our Service Provider business softened in Q3 and was impacted by macro uncertainties, causing many carriers to scrutinize budgets and run networks harder than planned, particularly Tier 2 and Tier 3 customers.
- Total revenue growth is expected to be approximately 5% to 6% on a full-year basis in 2023, indicating potential challenges in achieving significant growth.
- Non-GAAP operating margin is expected to expand by more than 100 basis points in 2023, but achieving further improvement in 2024 depends on revenue results, indicating ongoing profitability challenges.
- Management announced a plan to reduce worldwide headcount by approximately 440 employees, incurring restructuring charges of $62.5 million, potentially affecting workforce morale and organizational stability.
