x
Optical/IP

Juniper Smiles Through Q1

Juniper Networks Inc. (Nasdaq: JNPR) continued its rosy earnings run with another quarter of "solid" profits and an increase in its forecasts for the next quarter.

For its first quarter, which ended March 31, Juniper reported net income of $75.4 million, or 13 cents per share, on revenues of $449.1 million, compared with net income of $66 million, or 11 cents per share, on $430.1 revenues in the previous quarter (see Juniper Reports Q1).

For its first quarter a year ago, Juniper reported profits of $33.5 million, 8 cents per share, on revenues of $224.1 million -- but those numbers came before the acquisition of NetScreen Technologies closed.

Using pro forma numbers, Juniper's net income came to 16 cents per share, beating analysts' estimates by 1 cent, according to Reuters Research. Investors had an initially pleasant response -- in early after-hours trading today, Juniper stock was up $0.839 (3.95%) to $22.10.

Juniper expects things to get even better next quarter, with a forecast of $470 million to $475 million revenues and pro forma profits of 17 cents per share. That surpasses the $458 million expected by analysts.

CEO Scott Kriens called the quarter "solid" and had praise for both halves of Juniper's portfolio: the routing products and the NetScreen-developed security products. Reseller deals with Ericsson AB (Nasdaq: ERICY) and Siemens AG (NYSE: SI; Frankfurt: SIE) are both going well, with each customer representing more than 10 percent of Juniper's revenues for the quarter. Partner Lucent Technologies Inc. (NYSE: LU) wasn't mentioned in Kriens's prepared remarks.

"Part of the reason for the confidence that we have in all this is that we see the growth across product lines across industry segments and across geographies," he said on a conference call with analysts today.

The quarter also saw the first revenues from Juniper's J-series routers, launched last summer (see Juniper Unveils J-Series Routers). Already the routers are fulfilling their purpose of expanding Juniper's markets, bringing the company into "places we couldn't get to before now," Kriens said. They're also boosting Juniper's other router lines, as buyers of the J-series already are beginning to purchase Juniper's other routers, Kriens said. That includes one sale of a T-series router, Juniper's core offering, into a "non-service-provider" customer.

Kriens noted the first iteration of the J-series is best for managed services but that "there are releases planned this year that will fill out the product for broader deployment"

— Craig Matsumoto, Senior Editor, Light Reading

Page 1 / 2   >   >>
tsat 12/5/2012 | 3:18:35 AM
re: Juniper Smiles Through Q1
The race is still on... which product will
cut into the incumbant's market share first?


DocGonzo 12/5/2012 | 3:18:33 AM
re: Juniper Smiles Through Q1 "CRS will kill the T series. Cisco XR12000 and Timetra (ALA) will kill the M series. As far as J series they have no change against the Cisco ISR juggernaut. You will see this in 3-4 quarters from now.

xbar"



Wow, I sure am glad I read your informative post. So, I guess JNPR will soon be relegated to the Security business; or does your crystal ball hold doom for that product set as well?

With all due respect to CSCO and ALA, I somehow disagree with your JNPR imminent doom prediction.

Doc
xbar 12/5/2012 | 3:18:33 AM
re: Juniper Smiles Through Q1 CRS will kill the T series. Cisco XR12000 and Timetra (ALA) will kill the M series. As far as J series they have no change against the Cisco ISR juggernaut. You will see this in 3-4 quarters from now.

xbar
Dindon 12/5/2012 | 3:18:32 AM
re: Juniper Smiles Through Q1 "CRS will kill the T series. Cisco XR12000 and Timetra (ALA) will kill the M series. As far as J series they have no change against the Cisco ISR juggernaut. You will see this in 3-4 quarters from now.

xbar"

Really unbiased comments... please, specify in which IOX version are you forecasting this market change? 1.0.0.1p3.2.4.8.3.13.65?
sigint 12/5/2012 | 3:18:28 AM
re: Juniper Smiles Through Q1 and the scame was?
zher 12/5/2012 | 3:18:26 AM
re: Juniper Smiles Through Q1 "CRS will kill the T series. Cisco XR12000 and Timetra (ALA) will kill the M series. As far as J series they have no change against the Cisco ISR juggernaut. You will see this in 3-4 quarters from now.

xbar"

Hmm, let's wait and see...
zher 12/5/2012 | 3:18:26 AM
re: Juniper Smiles Through Q1 do they compete?
zher 12/5/2012 | 3:18:25 AM
re: Juniper Smiles Through Q1 "Really unbiased comments... please, specify in which IOX version are you forecasting this market change? 1.0.0.1p3.2.4.8.3.13.65?"

as for IOX, I heard the current version even cannot do things like MPLS/VPN? Is that right?
chook0 12/5/2012 | 3:18:24 AM
re: Juniper Smiles Through Q1 Well, the CFO is actually still working at Juniper in another role if you read the announcements. How much of the rest of your write is made up rubbish?

Methinks someone has a short position and is desperately trying to get out of it.

--Chook

--------------------------------------
But the man at the helm seems to be paying (off) attorneys all over the bay area to cover up the scandal which resulted in the terminations of many at the top including the VP of HR.

1) Board of director
2) CFO
3) GM
4) VP of engineering
5) VP of HR
and more
Stevery 12/5/2012 | 3:18:23 AM
re: Juniper Smiles Through Q1 Well, the CFO is actually still working at Juniper in another role if you read the announcements.

I'm curious: how many of the others (BoD, GM, VPE, VPHR) did he get right? (And I can't think of an instance where a CFO is sent someplace else as a promotion, other than CEO. I could be wrong though.)

Methinks someone has a short position and is desperately trying to get out of it.

Really doubtful. Only idiots buy/sell based on message boards like this.
Page 1 / 2   >   >>
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE