-=Juniper Networks (JNPR) reported earnings on Tue 29 Jan 2019 (a/h)

Juniper Networks beats by $0.02, misses on revs; guides Q1 EPS and revs below consensus; guides FY19 EPS below consensus; Q1 outlook reflects continued weakness with Cloud customers; co announces 6% div increase and $300 mln accelerated share repurchase program

• Reports Q4 (Dec) earnings of $0.59 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.57; revenues fell 4.7% year/year to $1.18 bln vs the $1.22 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.17-0.23, excluding non-recurring items, vs. $0.38 S&P Capital IQ Consensus; sees Q1 revs of $950 mln to 1.01 bln vs. $1.11 bln S&P Capital IQ Consensus.
  • Co says its Q1 revenue outlook reflects continued weakness with Cloud customers. In addition, co is transitioning its go-to-market organization to enable its strategy. While co is confident these changes will lead to long-term growth, this may result in short-term challenges.
  • Co has also factored in the partial US Federal government shutdown and geopolitical uncertainty which could adversely impact its business in the early part of 2019. These factors lead the co to expect below normal seasonality for Q1. Co expects revenue to grow on a sequential basis beyond Q1 with better trends during the second half of the year.
  • Co expects to return to year-over-year growth at some point in 2H19. Co expects non-GAAP gross margins toward the low-end of co's long-term model in Q1, due to lower revenue volume, product mix, and the impact of China tariffs. Full year non-GAAP gross margins are expected to improve directionally from Q1 levels and gross margin for the year will be toward the mid-point of the co's long-term model.
• Co issues downside guidance for FY19, sees EPS of $1.75-1.85, excluding non-recurring items, vs. $2.04 S&P Capital IQ Consensus.
• Co also increases quarterly dividend to $0.19 per share, a 6% increase. Co intends to grow its dividend over time. Additionally, Juniper plans to enter an approximately $300 mln accelerated share repurchase program and intends to be opportunistic with its share repurchases thereafter. Co says today's actions are consistent with its commitment to return 75% of free cash flow to shareholders in 2019.

Earnings this week : Jan 28 - Feb. 1, 19 (wk 5)

So far, 22% of the S&P 500 has reported quarterly results.

• A myriad of large/mega cap bellwethers will report quarterly results next week, including Caterpillar on Monday morning and four of the largest technology companies in the world: Apple on Tuesday afternoon, Microsoft and Facebook on Wednesday and Amazon on Thursday.

Earnings confirmed to report this week:

Monday (Jan 28) 

• Morning: BOH CAT
• Afternoon:  AKS BRO CE CR ELS ETH GGG HTLF IBTX JJSF RGA RMBS SANM SSB WHR WSBC WWD

Mon pm/Tue am
https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AKS,BRO,CE,CR,ELS,ETH,GGG,HTLF,IBTX,JJSF,RGA,RMBS,SANM,SSB,WHR,WSBC,WWD,AGN,ALV,AOS,AXE,BIIB,CIT,CVLT,DHR,DOV,EAT,EXP,EXTR,FBP,GLW,GPK,HCA,HOG,HRS,KNX,LLL,LMT,MMM,MTOR,NUE,PCAR,PFE,PHG,PHM,PII,PNR,POL,PPBI,ROK,SAP,UMC,VZ,XRX

Tuesday (Jan 29)

• Morning:  AGN ALV AOS AXE BIIB CIT CVLT DHR DOV EAT EXP EXTR FBP GLW GPK HCA HOG HRS KNX LLL LMT MMM MTOR NUE PCAR PFE PHG PHM PII PNR POL PPBI ROK SAP UMC VZ XRX
• Afternoon: AAPL ALGN AMD AMGN AX BXP CHRW CNI COHR EBAY ILMN JNPR KLAC MSTR MXIM NATI PFG PKG RHI RNR SIMO SLGN SYK TSS UMBF WRB

Tue pm/Wed am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AAPL,ALGN,AMD,AMGN,AX,BXP,CHRW,CNI,COHR,EBAY,ILMN,JNPR,KLAC,MXIM,NATI,PFG,PKG,RHI,RNR,SIMO,SLGN,SYK,TSS,UMBF,WRB,,ADP,ALLY,ANTM,AVY,AXTA,BA,BABA,BEN,CHKP,EVR,GD,HES,IR,IVZ,MCD,NDAQ,OSK,PB,RCL,SC,SIRI,SLAB,SMG,T,TCF,TMO,TUP
Wednesday (Jan 30)

• Morning: ADP ALLY ANTM AVY AXTA BA BABA BEN CHKP EVR GD HES IBN  IR IVZ MCD NDAQ OSK PB RCL SC SIRI SLAB SMG T TCF TMO TUP
• Afternoon:  AFG AGNC ALGT AMP ARCB AXS BDN CACC CACI CLB CMPR CREE CRUS DLB DRE EFII EGOV ESS EZPW FB FICO FLEX GHL HOLX ISBC LLNW LSTR MAA MDLZ MEOH MLNX MSFT MTH MUR MUSA NOW PYPL QCOM RXN SEIC SXI THG TSLA TTEK V WYNN  X

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Thursday (Jan 31)

• Morning:  ABC ABMD APO APRN APTV BAX BC BHGE BLL BMS BX CELG CFR CHTR CMCO CMS CNX CNXM COP CRR CRS DWDP EPD ETN FCFS FLWS GE HSY IIVI IP KEM KEX KIM LANC MA MAN MDC MIXT MMC MMP MNRO MO MSCI NOC NOK NS NVT OMN PH RACE RDS.A RFP RTN S SHW SILC SNDR TSCO UPS VLO VLY WCC WRK WRLD XEL XYL YRCW
• Afternoon:  AFL AJG AMZN CLS CPT CY DECK EMN ENVA EPAY ESL EW EXPO FBHS HAYN KLIC LPLA MATW MCK MOD MTX NFG OTEX PFPT PKI POST SIGI SKYW SYMC WAIR YUMC

 Thur pm/Fri am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFL,AJG,AMZN,CLS,CPT,CY,DECK,EMN,ENVA,EPAY,ESL,EW,EXPO,FBHS,HAYN,KLIC,LPLA,MATW,MCK,MOD,MTX,NFG,OTEX,PFPT,PKI,POST,SIGI,SKYW,SYMC,WAIR,YUMC,AON,BAH,BERY,CI,CVX,CYOU,D,HMC,HON,IDXX,IMO,ITW,JCI,KKR,LYB,MINI,MRK,MSG,OSB,PFS,ROP,SBSI,SF,SNE,SOGO,SOHU,SPG,SPR,VRTS,WETF,WFT,WY,XOM,ZBH

Friday (Feb 1)

• Morning: AON BAH BERY CI CVX CYOU D HMC HON IDXX IMO ITW JCI KKR LYB MINI MRK MSG OSB PFS ROP SBSI SF SNE SOGO SOHU SPG SPR VRTS WETF WFT WY XOM ZBH

According to FactSet, fourth quarter reported earnings per share are up 12% with sales up 6.6%. Fourth quarter earnings are now expected to grow 11% with sales up 6.0%. Roughly 67% have exceeded earnings estimates while 55% have beaten revenue expectations. 59% of companies reporting earnings have traded higher in response.

First quarter EPS are now expected to grow just 0.5% with sales up 6%. For 2019, earnings are expected to grow 6.1% with sales up 5.3%.

=Juniper Networks (JNPR) reported earnings on Tue 30 January 2018 (a/h)

Juniper Networks beats by $0.01, reports revs in-line; guides Q1 EPS, revs below consensus; increases dividend, announces new $2 bln repurchase authorization

• Reports Q4 (Dec) earnings of $0.53 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.52; revenues fell 10.5% year/year to $1.24 bln vs the $1.23 bln Capital IQ Consensus.
• Non-GAAP operating margin was 22.7%, a decrease from 26.5% in the fourth quarter of 2016, and a decrease from 23.5% in the third quarter of 2017.
• Co issues downside guidance for Q1, sees EPS of $0.22-0.28, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate; sees Q1 revs of $1.02-1.08 bln vs. $1.16 bln Capital IQ Consensus Estimate.
  • The first quarter revenueoutlook reflects ongoing deployment delays as Juniper expects its large cloud customers to continue their architectural transition, which is expected to result in below normal seasonality. The Company remains confident in its competitive position and strong relationship with these strategic customers.
• As a result of the Tax Cuts and Jobs Act, the Company plans to repatriate approximately $3 billion. Juniper expects the new territorial tax system to provide lower cost access to nearly all global free cash flow on an ongoing basis. The Company intends to use the repatriated cash to invest in its business, support value-enhancing M&A, and fund its return of capital to shareholders.
• Additionally, the co announced that its Board of Directors has declared an increase of its quarterly cash dividend to $0.18 per share to be paid on March 22, 2018 to shareholders of record as of the close of business on March 1, 2018. This reflects an increase of 80% compared to previous quarterly dividends. Further, the Company's Board of Directors has approved a new $2 billion buyback authorization, which replaces the existing authorization. Juniper plans to enter into a $750 million accelerated share repurchase program in the first quarter of this year, and intends to be opportunistic with its share repurchases thereafter.

=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.

=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.

Juniper Networks (JNPR) lowers Q1 and FY16 guidance

** charts after guidance **

Revenues expected to be $1.09 billion–$1.10 billion

On April 11, 2016, Juniper Networks (JNPR) announced weaker 1Q16 guidance driven by weak demand and the “unfavorable timing” of customer adoption of the company’s products. In 1Q16, Juniper expects to report revenues in the range of $1.09 billion–$1.10 billion and earnings per share (or EPS) of $0.35–$0.37.

In comparison, Juniper had earlier expected revenues in the range of $1.15 billion–$1.19 billion and EPS of in the range of $0.42–$0.46.

Lower demand in the enterprise segment

Juniper stated that its lower guidance was primarily driven by lower than anticipated demand in the company’s enterprise segment as well as the timing of deployments of US and EMEA (Europe, the Middle East, and Africa) Tier I telecommunications providers.

=Juniper Networks (JNPR) reported 4Q earnings on Wed 27 Jan 2016 (a/h)

Juniper Networks beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs below consensus; announces CFO resignation :

• Reports Q4 (Dec) earnings of $0.63 per share, $0.04 better than the Capital IQ Consensus of $0.59; revenues rose 19.8% year/year to $1.32 bln vs the $1.3 bln Capital IQ Consensus. Non-GAAP operating margin for the fourth quarter of 2015 increased to 26.0% from 25.5% in the third quarter of 2015, an increase of 4.1 points year-over-year and 0.5 points sequentially
• Co issues downside guidance for Q1, sees EPS of $0.42-0.46 vs. $0.47 Capital IQ Consensus Estimate; sees Q1 revs of $1.15-1.19 bln vs. $1.19 bln Capital IQ Consensus Estimate. Non-GAAP gross margin will be approximately 63.5%, plus or minus 0.5%.
• Co also announced that Denholm notified the Company of her intention to resign as chief financial and operations officer following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2015, and is expected to remain at the company over the next several months to help facilitate a smooth transition. Based on the company's succession planning, the company announced its plans to appoint Ken Miller, the company's senior vice president, finance, to succeed Denholm as chief financial officer.