Juniper's Q1 Forecast Disappoints
The net income for the quarter, which ended Dec. 31, amounts to 18 cents per share, down from the 35 cents Juniper reported a year ago. Fourth-quarter revenues of $1.12 billion were down from year-ago revenues of $1.19 billion.
Non-GAAP net income of 28 cents per share matched analysts expectations, as tallied by Reuters.
Juniper threw one new surprise at analysts: an unexpectedly weak forecast for its first quarter, which ends in March. Revenues will be $960 million to $990 million, the company said, missing analysts' consensus prediction of $1.1 billion. And Juniper's expected non-GAAP net income of 11 to 14 cents is way below the 26 cents analysts were expecting.
Juniper shares were down $1.43 (6.4%) in early after-hours trading.
— Craig Matsumoto, West Coast Editor, Light Reading