Actionable news
All posts from Actionable news
Actionable news in CSCO: Cisco Systems, Inc.,

Juniper Slips Despite Q2 Beat: Analysts Fixated on Profit Margins

Shares of networking equipment vendor Juniper Networks (JNPR) are down 61 cents, or 2%, at $29.35, after the company this afternoon reported Q2 revenue and profit that topped analysts’ expectations, and forecast results this quarter roughly in line with consensus.

Analysts on the company’s conference call this evening were uniquely focused on a decline in gross profit, peppering management with questions about when that will stop, but not getting definitive answers.

Revenue in the three months ended in June rose 7%, year over year, to $1.31 billion, yielding EPS of 57 cents, excluding some costs.

Analysts had, on average, been modeling $1.29 billion and 54 cents a share.

For the current quarter, the company sees revenue in a range of $1.29 billion to $1.35...