Juniper Networks Breaks Out Of Slump, Stock Jumps

Struggling networking company Juniper Networks gained more than 10% in after-hours trading Thursday as its newest quarterly results showed a potential return to health. The Silicon Valley company, which named its third CEO in less than a year in late 2014, reported net income of $158 million, or 40 cents a share, on sales of $1.22 billion, and said adjusted earnings were 53 cents a share. Analysts surveyed by FactSet expected Juniper to report adjusted earnings of 40 cents a share on sales of $1.11 billion. Juniper shares topped $29 in late trading after closing with a 1.2% gain at $26.48.