Stock Monitor: Black Box Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free earnings report on Juniper Networks, Inc. (NYSE: JNPR) ("Juniper"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JNPR. Juniper reported its fourth quarter and fiscal 2017 preliminary operating and financial results on January 30, 2018. The computer network equipment maker provided guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for Black Box Corporation (NASDAQ: BBOX), which also belongs to the Technology sector as the Company Juniper Networks. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/?symbol=BBOX
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Juniper Networks most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=JNPR
Earnings Highlights and Summary
For the three months ended December 31, 2017, Juniper's net revenues totaled $1.24 billion, reflecting a decrease of 11% compared to net revenues of $1.39 billion in Q4 2016. The Company's reported numbers beat analysts' estimates of $1.23 billion.
For full year (FY) 2017, Juniper's net revenues grew 1% to $5.03 billion compared to $4.99 billion in FY16.
For Q4 2017, Juniper's GAAP operating margin was 16.4%, representing a decrease from GAAP operating margin of 20.7% in Q4 2016. The Company's reported quarter non-GAAP operating margin was 22.7% compared to 26.5% in the year earlier same quarter.
For Q4 2017, Juniper reported GAAP net loss of $148.1 million or $0.40 per diluted share, compared to GAAP net income of $188.9 million, or $0.49 per diluted share, in Q4 2016. The Company's reported quarter GAAP net loss was primarily attributed to the Tax Cuts and Jobs Act enacted in December 31, 2017, which resulted in an estimated $289.5 million of tax expense.
Juniper's Q4 2017 non-GAAP net income was $199.4 million, or $0.53 per share, compared to $211.1 million, or $0.55 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.52 per share.
For FY17, Juniper posted GAAP net income of $306.2 million, or $0.80 per diluted share, compared to GAAP net income of $592.7 million, or $1.53 per diluted share. Excluding the $289.5 million tax expense charge due to the Tax Cuts and Jobs Act, the Company reported earnings of $809.0 million, or $2.11 per diluted share, versus $810.1 million, or $2.09 per diluted share, in FY16.
Balance Sheet and Other Financial Results
As of December 31, 2017, Juniper's total cash, cash equivalents, and investments were $4.02 billion compared to $3.66 billion as of December 31, 2016, and $4.20 billion as of September 30, 2017.
During Q4 2017, Juniper's net cash flows provided by operations was $214.2 million compared to $335.9 million in Q4 2016. The Company's days sales outstanding (DSO) in accounts receivable was 62 days in the reported quarter compared to 68 days in the prior year's same quarter. In Q4 2017, Juniper's capital expenditures were $53.6 million, and depreciation and amortization (D&A) expenses were $55.0 million.
Juniper's Board of Directors approved a new $2 billion buyback authorization and declared a quarterly cash dividend of $0.18 per share to be paid on March 22, 2018, to shareholders of record as of the close of business on March 01, 2018.
Outlook
For the quarter ending March 31, 2018, Juniper is expecting gross margins to remain under pressure, due to lower volume and product mix, resulting from architectural shifts. The Company expects to manage operating expenses prudently and to increase operational efficiencies, both in the upcoming quarter and throughout the year 2018.
For Q1 2018, Juniper is forecasting revenues to be approximately $1.05 billion, plus or minus $30 million. The Company is estimating non-GAAP gross margin to be approximately 58.0%, plus or minus 1.0%, and non-GAAP operating expenses to be approximately $485 million, plus or minus $5 million.
For the upcoming quarter, Juniper is estimating non-GAAP operating margin to be approximately 12.0% at the midpoint of revenue guidance and non-GAAP net income to be approximately $0.25 per share, plus or minus $0.03.
Stock Performance Snapshot
February 09, 2018 - At Friday's closing bell, Juniper Networks' stock advanced 3.16%, ending the trading session at $25.44.
Volume traded for the day: 6.41 million shares, which was above the 3-month average volume of 5.81 million shares.
Stock performance in the previous three-month period - up 2.62%
After last Friday's close, Juniper Networks' market cap was at $9.38 billion.
Price to Earnings (P/E) ratio was at 31.25.
The stock has a dividend yield of 2.83%.
The stock is part of the Technology sector, categorized under the Networking & Communication Devices industry. This sector was up 2.1% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
