=Juniper Networks (JNPR) reported earnings on Tue 25 Oct 2016 (a/h)

Juniper Networks (JNPR) reported third-quarter 2016 adjusted earnings of 47 cents per share, which beat the Zacks Consensus Estimate by 6 cents. However, earnings declined a penny from 48 cents reported in the year-ago quarter.

Quarter in Detail

Juniper’s revenues of $1.29 billion surpassed the Zacks Consensus Estimate and its own expectation of $1.25 billion (+/- $30 million). Revenues increased almost 3% on a year-over-year basis.

Product revenues (72.2% of total revenues) were almost flat on a year-over-year basis to $928.2 million. Book-to-bill ratio was greater than 1 and product deferred revenues jumped 24% year-over-year.