What to Expect When Juniper Networks (JNPR) Reports Q2 Results
NEW YORK (TheStreet) -- Shares of Juniper Networks (JNPR) - Get Report are up by 1.07% to $24.02 in mid-afternoon trading on Monday, ahead of the company's fiscal 2016 second quarter results, due out after Tuesday's market close.
Wall Street is expecting earnings of 47 cents per share on revenue of $1.19 billion. Last year, the company reported earnings of 53 cents per share on revenue of $1.22 billion for the same quarter.
The lower estimates give Juniper the chance to post surprise earnings, despite stiff competition from Cisco (CSCO) and Hewlett-Packard Enterprise (HPE).
"Juniper is squeezed here," Jim Cramer said in an interview at the New York Stock Exchange Monday morning. "This is Cisco's game, set, match. People don't realize that Cisco has moved to be a software company. I understand the switching business. I happen to also like HPE very much. I like what [chief executive officer] Meg Whitman is doing."
Juniper Networks is a Sunnyvale, CA-based networking company.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate JUNIPER NETWORKS INC as a Buy with a ratings score of B-. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: JNPR
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