Why Juniper Networks (JNPR) Stock Is Up Today

NEW YORK (TheStreet) -- Juniper Networks (JNPR) was gaining 0.5% to $26 in after-hours trading Tuesday after beating analysts' expectations for revenue in the first quarter.

The network infrastructure maker posted earnings of 29 cents a share in the first quarter, in-line with analysts' expectations. Revenue grew 10.47% from the year-ago quarter to $1.17 billion. Analysts surveyed by Thomson Reuters expected revenue of $1.15 billion for the quarter.

For the second quarter Juniper expects earnings of between 36 cents and 39 cents a share, compared to analysts' estimates of 36 cents a share. The company forecasts revenue of between $1.2 billion and $1.23 billion in the second quarter, while analysts expect $1.21 billion.

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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 few notable 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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