Juniper's Q1 outlook flops; Ariba, Emulex, Freescale report

Summary:Juniper warned that its first quarter will miss targets due to the economy and its effects on IT buyers.

Juniper Networks continues to struggle and cut its outlook for the first quarter.

Specifically, Juniper said that revenue for the first quarter will be between $960 million and $990 million. Non-GAAP earnings will be between 11 cents a share and 14 cents a share.

Wall Street was looking for earnings of 26 cents a share on revenue of $1.1 billion in the first quarter.

Juniper already warned that its fourth quarter results would miss estimates earlier this month. The company reported fourth quarter earnings of $96.2 million, or 18 cents a share, on revenue of $1.12 billion, down 6 percent from a year ago. Non-GAAP earnings were 28 cents a share.

For 2011, Juniper reported earnings of $425 million, or 79 cents a share, on revenue of $4.45 billion, up 9 percent from a year ago.

Despite Juniper's missteps of late, CEO Kevin Johnson said that the company has launched new products that will set a good platform for the future. Juniper's outlook reflects "near-term uncertainty in the macro-environment and the effect it may have on the level, timing, and prioritization of customer demand."

Juniper shares fell in afterhours trading.

Among other tech earnings action:

Ariba's subscription revenue surges

Ariba reported a better-than-expected fiscal first quarter as subscription revenue surged.

The company reported a first quarter loss of $718,000, or a penny a share, on revenue of $125.7 million, up 39 percent from a year ago. Non-GAAP earnings were $22.2 million, or 23 cents a share.

Wall Street was expecting Ariba to report first quarter earnings of 21 cents a share on revenue of $124.6 million.

Subscription and maintenance revenue was $97.2 million in the first quarter. Of that sum, $84 million was subscription revenue, up 67 percent from a year ago. Ariba added 48 new buyers and closed 10 transactions worth more than $1 million. The company added that it closed seven software deals worth more than $1 million and 240 on-demand pacts.

Freescale: Earnings better than expected, but sales light

Freescale reported a fourth quarter loss of $6 million, or 2 cents a share, on revenue of $1.01 billion, down from $1.18 billion a year ago. Non-GAAP earnings were 7 cents a share. Wall Street was looking for non-GAAP earnings of 3 cents a share on revenue of $1.03 billion.

For the year, Freescale reported a net loss of $410 million, or $1.82 a share, on revenue of $4.57 billion.

Emulex tops estimates

Storage and networking connectivity player Emulex reported fiscal second quarter earnings of $15 million, or 17 cents a share, on revenue of $128.7 million, up 13 percent from a year ago. Non-GAAP earnings were 26 cents a share, 4 cents ahead of Wall Street estimates.

The company said it recovered from floods in Thailand and is running at full production now. Network connectivity products delivered second quarter revenue of $96.6 million, up 5 percent from a year ago.

Storage connectivity products revenue in the second quarter was $27.6 million, up 65 percent from a year ago.

Topics: Enterprise Software, Banking

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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