{"id":77455,"date":"2023-10-27T09:55:26","date_gmt":"2023-10-27T13:55:26","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/juniper-networks-beats-revenue-estimates-on-strong-enterprise-spending\/"},"modified":"2023-10-27T09:55:28","modified_gmt":"2023-10-27T13:55:28","slug":"juniper-networks-beats-revenue-estimates-on-strong-enterprise-spending","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77455","title":{"rendered":"Juniper Networks beats revenue estimates on strong enterprise spending"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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(Reuters) – Juniper Networks (NYSE:) beat estimates for third-quarter revenue on Thursday as it benefited from higher network spending by cloud computing clients, sending its shares up 5% in extended trading. <\/p>\n

The results, which were reported on a preliminary basis, underscore a recovery in cloud and certain enterprise technology segments as customers shore up investment in critical infrastructure on signs of stabilization in the economy. <\/p>\n

“Our enterprise momentum remains strong and provides confidence in our future growth prospects,” Juniper CEO Rami Rahim said. <\/p>\n

The company’s preliminary revenue fell 1% to $1.40 billion, but beat expectations of $1.39 billion for the quarter ended Sept. 30, according to LSEG data.<\/p>\n

On an adjusted basis, the company earned 60 cents per share, compared with estimates for a profit of 55 cents. <\/p>\n

Juniper, which counts companies like AT&T (NYSE:) and BlackBerry (NYSE:) as its customers, said it expected revenue of about $1.40 billion, plus or minus $50 million, in the fourth quarter.<\/p>\n

Analysts on average were expecting $1.41 billion.<\/p>\n

It forecast adjusted earnings per share of 63 cents, plus or minus 5 cents, compared with estimates of 62 cents. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. (Reuters) – Juniper Networks (NYSE:) beat estimates for third-quarter revenue on Thursday as it benefited from higher network spending by cloud computing clients, sending its shares up 5% in extended trading. The results, which were reported on a preliminary basis, underscore a recovery in cloud and certain enterprise technology segments as customers shore […]<\/p>\n","protected":false},"author":1,"featured_media":767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-77455","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nJuniper Networks beats revenue estimates on strong enterprise spending | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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