NEW YORK (TheStreet) -- Juniper Networks (JNPR) - Get Juniper Networks, Inc. (JNPR) Report stock is down by 8.66% to $24.25 in after-hours trading on Wednesday, after the company reported 2015 fourth quarter results and provided its 2016 first quarter guidance.
After the market close on Wednesday, the high-performance network provider reported earnings of 63 cents per share, higher than analysts' expectations for earnings of 59 cents per share.
Revenue rose by 20% year-over-year to $1.3 billion, compared to analysts forecasts for revenue of $1.29 billion.
However, Juniper projected 2016 first quarter earnings between 42 cents per share and 46 cents per share, while analysts were expecting earnings of 47 cents per share.
Juniper also announced that CFO Robyn Denholm was resigning, though she will stay with the company over the next few months to assist with the transition, Juniper said in a statement. The company plans to appoint Ken Miller, Juniper's senior VP of finance, as its new CFO.
Separately, recently, 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 rates this stock 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, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: JNPR