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After a weak start to 2024, the S&P 500 has staged a nice comeback, touching new record highs lately on technology sector surge.
Juniper (JNPR) reports a top-line contraction year over year in the fourth quarter of 2023, due to weak demand trends in several verticals.
While the top- and bottom-line numbers for Juniper (JNPR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Juniper Networks (JNPR) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.65 per share a year ago.
Juniper Networks , which is being acquired by Hewlett Packard Enterprise , reported fourth-quarter revenue below market expectations on Tuesday, hurt by weak spending by its cloud computing and enterprise clients.
James Cook University Singapore associates with Juniper (JNPR) to deploy transformative blended learning experience on campus, backed by AI-driven networks.
Juniper (JNPR) is expected to report a top-line decline year over year in the fourth quarter, owing to weak demand trends in several end markets. However, solid demand for AI-driven network solutions is a positive factor.
Beyond analysts' top -and-bottom-line estimates for Juniper (JNPR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
Juniper (JNPR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Hewlett Packard Enterprise Co (NYSE:HPE) will acquire networking hardware company Juniper Networks for roughly $14 billion, the company announced Tuesday. The all-cash deal values Juniper at $40 per share, and the company's stock jumped more nearly 22% Tuesday to $36.81.