Juniper Networks exceeds Q4 forecast with $1.274B revenue, $0.43 EPS

Juniper Networks exceeds Q4 forecast with $1.274B revenue, $0.43 EPS

Summary: Wall Street was looking for earnings of 37 cents per share with revenue of $1.22 billion.

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Most tech analysts and investors are likely focused on Microsoft this afternoon, but there are a few other notable fourth quarter reports being piped out after the bell, including Juniper Networks.

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The networking equipment maker ended the year on a solid note, producing a net income of $151.8 million, or 30 cents per share (statement).

Non-GAAP earnings were 43 cents per share on a revenue of $1.274 billion, up 12 percent annually.

Wall Street was looking for earnings of 37 cents per share with revenue of $1.22 billion.

For 2013 overall, Juniper ended the year with $4.669 billion in revenue, up seven percent from 2012, and non-GAAP earnings at $1.28 per share.

Highlighting a focus on High IQ networks, among other services, CEO Shaygan Kheradpir provided a general outline for the 2014 roadmap in prepared remarks:

My initial priorities are to develop an Integrated Operating Plan that focuses on several value creating initiatives including a more focused strategy on innovation that matters, an improved cost structure, and a capital allocation strategy that results in improved returns. We believe these initiatives will drive value for shareholders, customers, and other stakeholders. We look forward to a constructive dialogue with our shareholders as we execute on these priorities and we will provide the specific details of our plan in the next few weeks.

For the current quarter, Wall Street wants Juniper to return with earnings of 29 cents per share and revenue of $1.14 billion.

Juniper followed up with Q1 revenue guidance of $1.120 billion to $1.160 billion and non-GAAP earnings between 27 and 30 cents per share.

Topics: Networking, Data Management, Enterprise 2.0, Tech Industry

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