Jul 25
The Sunnyvale, Calif.-based maker of networking equipment also gave a poor outlook for the September-ending quarter as it sees “some near-term market weakness due primarily to the timing of certain Service Provider deployments.” The company posted a non-GAAP profit of $167.2 million, or 31 cents a share, for the three months ended in June on revenue of $1.12 billion, below the average estimate of analysts polled by Thomson Reuters for a profit of 33 cents a share on revenue of $1.15 billion.
The stock was last quoted at $26.50, down 15%, on volume of 5.3 million, according to Nasdaq.com. The move extends a year-to-date decline of 17% for the shares based on Tuesday’s regular session close at $31.17. The stock is down more than 40% since hitting a 52-week high of $45.01 on March 8. The quarterly miss breaks a streak of at least eight quarters of upside surprises for Juniper, which said it now sees a non-GAAP profit of 26 to 30 cents a share in its fiscal third quarter on revenue of $1.07 billion to $1.12 billion. That view compares to Wall Street’s current consensus estimate for earnings of 38 cents a share in the September quarter on revenue of $1.22 billion. The news was weighing on a number of other networkers in after-hours action, including Cisco Systems(CSCO), off 1.6% to $16.03 on volume of more than 880,000; Ciena(CIEN), losing 5% to $16.70 on volume of 440,000; Limelight Networks(LLNW), down 3% to $4.84 on volume of less than 30,000; and Aruba Networks(ARUN), dipping 2.6% to $24 on volume of around 20,000.
The stock was last quoted at $26.50, down 15%, on volume of 5.3 million, according to Nasdaq.com. The move extends a year-to-date decline of 17% for the shares based on Tuesday’s regular session close at $31.17. The stock is down more than 40% since hitting a 52-week high of $45.01 on March 8. The quarterly miss breaks a streak of at least eight quarters of upside surprises for Juniper, which said it now sees a non-GAAP profit of 26 to 30 cents a share in its fiscal third quarter on revenue of $1.07 billion to $1.12 billion. That view compares to Wall Street’s current consensus estimate for earnings of 38 cents a share in the September quarter on revenue of $1.22 billion. The news was weighing on a number of other networkers in after-hours action, including Cisco Systems(CSCO), off 1.6% to $16.03 on volume of more than 880,000; Ciena(CIEN), losing 5% to $16.70 on volume of 440,000; Limelight Networks(LLNW), down 3% to $4.84 on volume of less than 30,000; and Aruba Networks(ARUN), dipping 2.6% to $24 on volume of around 20,000.
Amazon.com
Amazon.com(AMZN) was a big winner in late trades after the online retailing giant delivered a 17% upside surprise in its latest quarter. The Seattle-based company said it earned $191 million, or 41 cents a share, on revenue of $9.91 billion, up more than 50% from last year. The average estimate of analysts polled by Thomson Reuters was for earnings of 35 cents a share in the June-ended period on revenue of $9.38 billion.Similar Posts:
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