Why Juniper Networks Shares Are Falling Today
Portfolio Pulse from Lekha Gupta
Juniper Networks Inc reported Q2 2023 revenue growth of 13% Y/Y to $1.43 billion, beating the consensus of $1.42 billion. Adjusted EPS increased to $0.58 from $0.42 a year ago and beat the consensus of $0.55. However, the company expects to see continued weakness in bookings, mainly in the cloud business, due to customer digestion of previously placed orders and some projects pushed to future dates. This has led to a drop in JNPR shares by 6.26%.
July 28, 2023 | 1:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Despite beating Q2 2023 revenue and EPS consensus, Juniper Networks expects continued weakness in bookings, leading to a drop in its shares.
Juniper Networks reported strong Q2 2023 results, beating both revenue and EPS consensus. However, the company's outlook for Q3 2023 is less optimistic, expecting continued weakness in bookings, especially in the cloud business. This negative outlook has led to a drop in the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100