=Juniper Networks (JNPR) reported earnings on Thur 26 Jan 2017 (a/h)

Juniper Networks beats by $0.03, beats on revs; guides Q1 EPS below consensus, revs in-line :

• Reports Q4 (Dec) earnings of $0.66 per share, $0.03 better than the Capital IQ Consensus of $0.63; revenues rose 5.0% year/year to $1.39 bln vs the $1.36 bln Capital IQ Consensus.
  • Non-GAAP operating margin for the fourth quarter of 2016 was 26.5%, an increase from 26.0% in the fourth quarter of 2015, and an increase from 24.4% in the third quarter of 2016.
• Co issues guidance for Q1, sees EPS of $0.38-0.44, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees Q1 revs of $1.190-1.210 bln vs. $1.2 bln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin will be approximately 62.5%, plus or minus 0.5%.
  • Non-GAAP operating expenses will be approximately $515 million, plus or minus $5 million.
  • Non-GAAP operating margin will be approximately 19.5% at the midpoint of revenue guidance.