Boston, MA 04/23/2014 (wallstreetpr) – The network gear maker Juniper Networks, Inc. (NYSE:JNPR), with immense pressure from investors and highly challenging business environments, plans to streamline its product offerings and trim its workforce. The company which has a market capital of about $12 billion has reported earnings of 29 cents a share in 1Q2014. This is in-line with the expectation of the analysts. Beating the analysts’ revenue expectations, Juniper Networks, Inc. gained a 0.5% to $26 on after hours trading during April 22, 2014.
The expected 2Q2014 earnings
Juniper Networks, Inc. (NYSE:JNPR) expects a rise in earnings during the second quarter and it is expected to be around 36 cents to 39 cents per share. The forecasted revenue for the company is $1.2 billion in 2Q2014.
The net income growth
When compared to the same period in the previous year, the net income growth has exceeded. The income increased by 58.6% and it is reported that it rose from $95.70 million to 151.80 million. The steady and strong increase in income by 57.89% in conjunction with other major growth drivers has towered the stock by 38.09% when compared to that of last year, during the same period. The stock is expected to move up steadily as it has witnessed an increase and gain in the past year.
The pattern of positive earnings over the last two years is expected to continue in future. The company which has increased its bottom line by $0.86 earnings last year is expected to improve its earnings to $1.56 this year.
AT&T selected Jupiter as their Vendor
Juniper Networks, Inc. (NYSE:JNPR) has been selected by AT&T Inc. (NYSE:T) as their vendor to deploy a Network Cloud. Jupiter considered this a great honor to their company and is all set for the project.
The network gear maker is experiencing a steady rise in revenue and is thus enjoying a rise in stock.
