NEW YORK (TheStreet) -- Juniper Networks (JNPR) - Get Report stock is falling 0.15% to $29.76 in after-hours trading on Thursday despite the company reporting strong third quarter fiscal 2015 earnings results that topped analysts' estimates.
Based in Sunnyvale, CA, Juniper Networks designs, develops, and sells high-performance network products and services worldwide.
For the quarter ended September 30, the company reported earnings of 57 cents a share on revenue of $1.25 billion.
Analysts had forecasted the company to earn 53 cents a share on revenue of $1.23 billion.
In the same period the year before, the company earned 36 cents a share onr evenue of $1.13 billion.
"We continue to challenge the status quo and bring new product innovations to market that bolster our position as a leader in network innovation," CEO Rami Rahim stated. "I'm proud of the results our team has yielded and have confidence in our prospects for the future."
The company added that in the recent quarter, it maintained its focus on cost control.
Looking ahead, the company said it estimates fourth quarter fiscal 2015 revenue to be about $1.3 billion.
Separately, TheStreet Ratings team rates JUNIPER NETWORKS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate JUNIPER NETWORKS INC (JNPR) a BUY. 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 solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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