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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.