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Will Top-Line Improvement Aid Juniper's (JNPR) Q2 Earnings?
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Juniper Networks, Inc. (JNPR - Free Report) is scheduled to report its second-quarter 2023 results on Jul 27, after market close. The company delivered an earnings surprise of 5.24%, on average, in the trailing four quarters. In the last reported quarter, it delivered an earnings surprise of 11.63%.
The leading provider of networking solutions and communication devices is expected to report year-over-year top-line growth, driven by a strong emphasis on innovation, portfolio expansion and the growing demand for its AI-powered network technologies.
Factors at Play
In the second quarter, Juniper inked an agreement with citizenM for an undisclosed amount to enhance the latter's hotel experience worldwide, by bolstering its network capabilities. By integrating guest-centric technologies that provide personalized experiences for guests, Juniper’s solutions will likely improve citizenM’s hotel connectivity at low operational costs.
During the quarter, Juniper unveiled a cloud-based Access Assurance Service, aimed at providing comprehensive support to network administrators. The service is designed to enhance IT operations and deliver an improved user experience through automation and greater network resiliency.
The AI-driven automation solution simplifies network access through fast and effortless device provisioning. It eliminates manual configurations through a seamless one-click setup. Its unique microservices-based cloud architecture provides greater scalability and ensures reliable and low-latency access control. The solution also features granular network admission controls, unified event correlation, and proactive automation to detect and solve problems.
In the to-be-reported quarter, Juniper introduced Beyond Labs initiatives to accelerate research in advanced network technology development and match the future demand for IT industries. Juniper plans to collaborate with prominent organizations and academic institutions such as Intel, Eurofiber, Purdue University and other partners to implement the initiative. A strong emphasis has been placed on a wide range of capabilities, including quantum computing, AI automation, IT, data centers, security, WAN and 5G/6G.
In the quarter under review, Korian Benelux, part of a prominent European healthcare and long-term elderly care organization, opted to leverage Juniper’s AI-driven enterprise solutions to enhance network performance and reliability and deliver personalized care for its residents.
Juniper also signed an agreement with the University of Tokyo for an undisclosed amount to augment the latter’s wireless network capabilities across its campuses in Japan. The improvement in infrastructure facilities is expected to provide a seamless unified wireless experience for different departments, enabling flexible management and improving operational efficiency. These developments are likely to have had a positive impact on the company’s second-quarter earnings.
Our estimate for revenues from the Cloud vertical is pegged at $332.7 million. For the Service Provider segment, our estimate for revenues stands at $555 million. Our estimate for revenues from the Enterprise business is pegged at $526.3 million.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $1,422 million, indicating growth from the year-ago quarter’s reported figure of $1,270 million. The consensus estimate for adjusted earnings per share stands at 55 cents, suggesting an increase from 42 cents reported in the prior-year quarter.
Earnings Whispers
Our proven model does not predict an earnings beat for Juniper this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at 55 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Juniper currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Meta Platforms (META - Free Report) has an Earnings ESP of +5.83% and carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jul 26.
T-Mobile US, Inc. (TMUS - Free Report) has an Earnings ESP of +3.94% and a Zacks Rank of 2. The company is scheduled to report quarterly numbers on Jul 27.
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Will Top-Line Improvement Aid Juniper's (JNPR) Q2 Earnings?
Juniper Networks, Inc. (JNPR - Free Report) is scheduled to report its second-quarter 2023 results on Jul 27, after market close. The company delivered an earnings surprise of 5.24%, on average, in the trailing four quarters. In the last reported quarter, it delivered an earnings surprise of 11.63%.
The leading provider of networking solutions and communication devices is expected to report year-over-year top-line growth, driven by a strong emphasis on innovation, portfolio expansion and the growing demand for its AI-powered network technologies.
Factors at Play
In the second quarter, Juniper inked an agreement with citizenM for an undisclosed amount to enhance the latter's hotel experience worldwide, by bolstering its network capabilities. By integrating guest-centric technologies that provide personalized experiences for guests, Juniper’s solutions will likely improve citizenM’s hotel connectivity at low operational costs.
During the quarter, Juniper unveiled a cloud-based Access Assurance Service, aimed at providing comprehensive support to network administrators. The service is designed to enhance IT operations and deliver an improved user experience through automation and greater network resiliency.
The AI-driven automation solution simplifies network access through fast and effortless device provisioning. It eliminates manual configurations through a seamless one-click setup. Its unique microservices-based cloud architecture provides greater scalability and ensures reliable and low-latency access control. The solution also features granular network admission controls, unified event correlation, and proactive automation to detect and solve problems.
In the to-be-reported quarter, Juniper introduced Beyond Labs initiatives to accelerate research in advanced network technology development and match the future demand for IT industries. Juniper plans to collaborate with prominent organizations and academic institutions such as Intel, Eurofiber, Purdue University and other partners to implement the initiative. A strong emphasis has been placed on a wide range of capabilities, including quantum computing, AI automation, IT, data centers, security, WAN and 5G/6G.
In the quarter under review, Korian Benelux, part of a prominent European healthcare and long-term elderly care organization, opted to leverage Juniper’s AI-driven enterprise solutions to enhance network performance and reliability and deliver personalized care for its residents.
Juniper also signed an agreement with the University of Tokyo for an undisclosed amount to augment the latter’s wireless network capabilities across its campuses in Japan. The improvement in infrastructure facilities is expected to provide a seamless unified wireless experience for different departments, enabling flexible management and improving operational efficiency. These developments are likely to have had a positive impact on the company’s second-quarter earnings.
Our estimate for revenues from the Cloud vertical is pegged at $332.7 million. For the Service Provider segment, our estimate for revenues stands at $555 million. Our estimate for revenues from the Enterprise business is pegged at $526.3 million.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $1,422 million, indicating growth from the year-ago quarter’s reported figure of $1,270 million. The consensus estimate for adjusted earnings per share stands at 55 cents, suggesting an increase from 42 cents reported in the prior-year quarter.
Earnings Whispers
Our proven model does not predict an earnings beat for Juniper this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at 55 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Juniper Networks, Inc. Price and EPS Surprise
Juniper Networks, Inc. price-eps-surprise | Juniper Networks, Inc. Quote
Zacks Rank: Juniper currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Alphabet Inc. (GOOGL - Free Report) is set to release quarterly numbers on Jul 25. It has an Earnings ESP of +2.49% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meta Platforms (META - Free Report) has an Earnings ESP of +5.83% and carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jul 26.
T-Mobile US, Inc. (TMUS - Free Report) has an Earnings ESP of +3.94% and a Zacks Rank of 2. The company is scheduled to report quarterly numbers on Jul 27.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.