Juniper Networks Q2 shines amid tech earnings parade

Technology earnings on Thursday were solid with Juniper Networks delivering the best results relative to expectations. CA, Freescale and Marketo also reported.

Here's the rundown.

Juniper Networks reported second quarter earnings of $158 million, or 40 cents a share, on revenue of $1.22 billion, down 1 percent from a year ago. Non-GAAP second quarter earnings were 53 cents a share.

Wall Street was looking for Juniper to report non-GAAP earnings of 40 cents a share on revenue of $1.11 billion.

As for the outlook, Juniper said it sees third quarter sales of about $1.23 billion with non-GAAP earnings between 50 cents a share and 54 cents a share.

Wall Street is expecting earnings of 46 cents a share on revenue of $1.16 billion.

CA Technologies reported fiscal first quarter earnings of 47 cents a share on revenue of $977 million, down from $1.07 billion a year ago. Non-GAAP earnings in the quarter were 64 cents a share. Wall Street was looking for earnings of 62 cents a share on revenue of $990 million. The company said it was seeing some positive traction in its new enterprise application sales.

For fiscal 2016, CA said it sees revenue flat in constant currency, or $4.04 billion to $4.11 billion. Non-GAAP earnings for 2016 will be $2.37 a share to $2.44 a share based on current currency rates.

Wall Street was expecting 2016 non-GAAP earnings of $2.42 a share on revenue on $3.98 billion.

Freescale Semiconductor reported second quarter non-GAAP earnings of 57 cents a share on revenue of $1.2 billion. Net earnings for the second quarter were 38 cents a share.

Wall Street was looking for non-GAAP earnings of 50 cents a share on revenue of $1.18 billion.

The company said that it expects third quarter sales to be between $1.1 billion and $1.17 billion with non-GAAP earnings of 47 cents a share to 51 cents a share. That outlook fell short of Wall Street estimates. Analysts were modeling non-GAAP earnings of 56 cents a share on revenue of $1.22 billion.

Marketo reported a second quarter net loss of $18 million, or 43 cents a share, on revenue of $50.7 million, up 41 percent from a year ago. Non-GAAP loss for the second quarter was 16 cents a share.

Analysts were looking for a second quarter non-GAAP loss of 23 cents a share on revenue of $50 million.

Marketo said the third quarter will be better-than-expected with revenue of $53.5 million to $55 million and a non-GAAP loss of 17 cents a share to 19 cents a share. For 2015, Marketo sees revenue between $209 million and $211 million with a non-GAAP loss between 75 cents a share to 79 cents a share.