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.
