After falling below Wall Street expectations last quarter, Juniper Networks (NYSE:JNPR) will report its latest results on Tuesday.
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Analysts currently expect Juniper Networks to come in with earnings of 8 cents per share on revenues of $1.05 billion. Estimates from analysts range from 7 cents per share to 9 cents per share. Over the past three months, the average estimate has moved down from 14 cents.
The stock fell $2.45 per share between May 21, 2012 and June 28, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $4.96 (-24.6%), from $20.17 to $15.21.
Company Fundamental Trends
Analysts think investors should stand pat on Juniper Networks with 20 of 29 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 87.5% to $16.3 million (3 cents a share) from $129.8 million (24 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.3% to $1.03 billion from $1.1 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 8 cents
Revenue Estimate: $1.05 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)