Juniper (JNPR) repoted net revenues for the second quarter of 2007 were $664.9 million, compared with $567.5 million for the second quarter of 2006, an increase of 17 percent. Net income on a GAAP basis for the second quarter of 2007 was $86.2 million or $0.15 per share.

First Call estimates for the Q had been  $0.20 EPS and $649.6 million in revenues.

The company had taken an impairment charge in the quarter a year ago, With this taken out, non-GAAP operating income for the quarter was $136 million compared to $128 million in the quarter a year ago.

Shares, which have been trading near their 52-week high, were up .7% after hours.

Douglas A. McIntyre