Juniper (JNPR) Q4 Earnings Match Estimates, Revenues Rise Y/Y
Zacks Investment Research | Jan 27, 2020 08:21PM ET
Juniper Networks, Inc. (NYSE:JNPR) reported healthy fourth-quarter 2019 results wherein the top line increased year over year and surpassed the Zacks Consensus Estimate.
The company returned to year-over-year growth during the reported quarter and saw encouraging trends across various areas of its business. These include record Enterprise sales, double-digit year-over-year growth in Cloud, solid momentum in Mist, and strength in its services organization.
Net Income
On a GAAP basis, net income for the December quarter declined to $168.4 million or 49 cents per share from $192.2 million or 55 cents per share in the prior-year quarter, primarily due to lower operating income. For 2019, net income was $345 million or 99 cents per share compared with $566.9 million or $1.60 per share in 2018.
Quarterly non-GAAP net income was $198.7 million or 58 cents per share compared with $205.7 million or 59 cents per share reported a year ago. The bottom line matched the Zacks Consensus Estimate.
Juniper Networks, Inc. Price, Consensus and EPS Surprise
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