CNET también está disponible en español.

Ir a español

Don't show this again

iPhone 12 and 12 Pro review Netflix subscriber growth NASA Osiris-Rex Stimulus negotiation reckoning MagSafe accessories for the iPhone 12 The Haunting of Bly Manor ending Walmart Black Friday

Juniper leads networking earnings

Juniper Networks had no trouble topping analysts' estimates in its second quarter Thursday, raking in $28.6 million, or 8 cents a share, on sales of $113 million.

First Call Corp. consensus pegged it for a profit of 4 cents a share in the quarter.

Juniper (Nasdaq: JNPR) shares closed up 17 9/16, or 12 percent, to a 52-week high of 169 1/2 ahead of the earnings report.

In the year-ago quarter, Juniper posted a loss of $2.9 million, or 3 cents a share, on sales of $17.6 million.

"As we continue towards the next milestone in building Juniper Networks into a franchise, we remain focused on relentless execution," said CEO Scott Kriens in a prepared release. "Our results this quarter are representative of the opportunity we see to build the global IP infrastructure."

Last quarter, Juniper also hurdled Street estimates, earning $10.5 million, or 6 cents a share, on sales of $63.9 million.

Its shares fell to a 52-week low of 20 5/16 last July. The stock split 2-for-1 in June.

Fifteen of the 16 analysts following the stock rate it either a "buy" or "strong buy."

Analysts expect Juniper to earn 14 cents a share in the fiscal year.

Among other networking companies reporting earnings Thursday:

  • Paradyne Networks (Nasdaq: PDYN) fell short of analysts' estimates in its second quarter, earning $1.5 million, or 5 cents a share, on sales of $75.6 million.

    First Call Corp. consensus expected it to earn 9 cents a share in the quarter.

    Ahead of the earnings report, Paradyne shares closed up 3 7/16 to 43 1/8.

    The $75.6 million in sales marks a 43 percent improvement from the year-ago quarter when it lost $475,000, or 2 cents a share, on sales of $52.2 million.

  • Gadzoox Networks (Nasdaq: ZOOX) posted a wider-than-expected loss in its first quarter Thursday, losing $9.4 million, or 35 cents a share, on sales of $9 million.

    Analysts were expecting a loss of 26 cents a share in the quarter.

    Its shares closed up 1 to 13 3/4 ahead of the earnings report.

    The $9 million in sales was down slightly from the year-ago quarter when it lost $3.5 million, or 18 cents a share, on sales of $9.2 million.

    "The quarter's behind us," said CEO Bill Sickler in a prepared release. "While we are disappointed with the results in the distribution channel, we are already moving to address issues in this area."

  • Sonus Networks (Nasdaq: SONS) topped Street estimates in its second quarter, losing $9 million, or 21 cents a share, on sales of $6.5 million.

    First Call Corp. consensus pegged it for a loss of 24 cents a share in the quarter.

    In the year-ago quarter, it lost $9.1 million, or 23 cents a share, on sales of $1.1 million.

    Sonus Networks shares closed off 9 15/16 to 191 13/16 ahead of the earnings report.