Juniper Almost Hits Top-Line Estimates

Posted: April 23, 2007 at 3:21 pm

Juniper Networks, Inc. (JNPR-NASDAQ) just reported earnings: Q1-07 Net Revenue of $626.9M, up 11% from Q1′06; GAAP Diluted EPS $0.11; Non-GAAP Diluted EPS $0.19; expectations from te street were $620.8 million and $0.19 non-GAAP EPS. So revenues were a hair light adn non-GAAP EPS were in line.

Net cash flows from operations for the first quarter of 2007 were $152.6 million.  It noted a Virgin Media rollout and a deployment with Nokia Siemens, but did not give formal guidance in its release.  Shares are down 1% in after-hours at $20.85, but shares closed up 2.8% to $21.11 in regular trading.

Until guidance is given, this one is a coin toss.

Jon C. Ogg
April 23, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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