Juniper Meets Expectations as Revenue Surges

Juniper Networks (JNPR Quote) posted first-quarter earnings in line with analysts' expectations, as revenue for the quarter surged by 420% from the same period last year.

The networking giant, which designs and sells Internet protocol, or IP, routers for private and public access networks said first-quarter net earnings were $85.4 million, or 25 cents a share, compared with $10.5 million, or 3 cents a share, for the first quarter of 2000. According to Thomson Financial/First Call, which tracks earnings estimates, 24 analysts expected the company to earn 25 cents a share.

Revenue for the first quarter was $332.1 million, compared with $63.9 million for the same period last year. ...