Juniper Networks Reports Preliminary First Quarter 2021 Financial Results
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April 28, 2021 6:58 AM EDT
Needham & Company analyst Alex Henderson raised the price target on Juniper Networks (NYSE: JNPR) to $30.00 (from $28.00) while maintaining a Buy rating.
The analyst commented, "It's been a frustrating wait, but this print is starting to show the anticipated acceleration and implications of the... More
April 27, 2021 4:14 PM EDT
Juniper Networks (NYSE: JNPR) reported Q1 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.06 billion.
We reported strong March quarter results. Revenue exceeded our expectations and we experienced better than expected product orders across each of our customer verticals, said Junipers CEO, Rami Rahim. Momentum is strong entering the June quarter and we are confident regarding our growth prospects. We believe the success we are seeing is a result of the deliberate actions we have taken to strengthen our product portfolio... More
