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TheStreet.com • 2 hours ago tumbled 7.6% to $25.83 on Wednesday after the computer network equipment maker reported 'disappointing' fourth-quarter sales and warned of continued weakness with its cloud customers in the first quarter. 'We are disappointed by our Q4 sales, as continued weakness with several of our cloud and service provider customers more than offset solid momentum in our enterprise business,' CEO Rami Rahim said in a statement. For the year, Juniper Networks reported earnings of $566.9 million, or $1.60 a share, while revenue totaled $4.65 billion, down 7.6% from a year ago. MarketWatch • yesterday Shares of Juniper Networks Inc. Fell more than 8% in the extended session Tuesday after the company said it was 'disappointed' with its fourth-quarter sales and warned of lower first-quarter revenue on 'continued weakness' with its cloud customers.
Juniper said it earned $192.2 million, or 55 cents a share, in the quarter, versus a loss of $148.1 million, or 40 cents a a share, in the fourth quarter in 2017. Adjusted for one-time items, Juniper earned $205.7 million, or 59 cents a share, compared with 53 cents a share a year ago. Revenue fell 5% to $1.18 billion, compared with $1.24 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 57 cents a share on sales of $1.23 billion. 'We are taking actions to drive improved sales execution and capitalize on the attractive end market opportunities that we expect to emerge in 2019. Download game pc red alert 3 ripe. We remain confident in our strategy and believe we have the products needed to win in the market,' Chief Executive Rami Rahim said in a statement. Juniper said it expects revenue around $980 million for the first quarter.
'We expect revenue to grow on a sequential basis beyond the first quarter with better trends during the second half of the year. We expect to return to year-over-year growth at some point in the second half of the year,' Juniper said. In a separate press release, Juniper said its board of directors OK'd a 6% increase in the quarterly dividend to 19 cents a share, to be paid March 22 to shareholders of record March 1. The company also said it plans a $300 million 'accelerated' share buyback program, and to be 'opportunistic' with share buybacks after.
Juniper shares ended the regular trading day down 0.7%. GlobeNewswire • 7 days ago Juniper Networks (JNPR), an industry leader in automated, scalable and secure networks, today announced that BroadBand Tower, one of Japan’s largest data center providers, has selected Juniper Network’s high-performing solutions to power its ‘Next-Gen 5G data center’ situated in the central Tokyo district of Otemachi, which will support the rapidly accelerating 5G mobile and next-generation ICT infrastructure demands of the densely-populated urban capital. With this in place, BroadBand Tower will be able to offer data center services that accommodate the emerging 5G needs of their customers, including the demands for high-volume traffic and speed from major telcos, enterprises and OTTs, all while ensuring consistent high-speed connectivity to the end-user. Bloomberg • 13 days ago U.S. Companies will end up absorbing the costs of higher tariffs, spending less on the research and development that can lead to technological breakthroughs, Robbins said during a meeting with government officials in D.C. Earlier this month.