Juniper Networks fourth-quarter profit rose 59%


Most tech analysts and investors are likely focused on Microsoft this afternoon, but there are a few other notable fourth quarter reports being piped out after the bell, including Juniper Networks. The networking equipment maker ended the year on a solid note, producing a net income of $151.8 million, or 30 cents per share.

Juniper Networks Inc. (JNPR) said its fourth-quarter profit rose 59% on revenue growth driven in large part by an increase in product sales at the network-gear company. For the current quarter, Juniper said it expects adjusted earnings of 27 cents to 30 cents a share on revenue of $1.12 billion to $1.16 billion. Analysts surveyed by Thomson Reuters recently projected earnings of 29 cents a share on revenue of $1.14 billion. Juniper said its outlook, reflects that underlying demand in the industry will “remain healthy” this year. Likewise, rival F5 Networks Inc. (FFIV) on Wednesday offered upbeat guidance for the current quarter after posting fourth-quarter results that surpassed expectations.


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