Juniper Networks beats by $0.03, beats on revs; guides Q1 EPS in-line, revs in-line; increases dividend (31.45 +0.02)
- Reports Q4 (Dec) earnings of $0.56 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.53; revenues rose 6.3% year/year to $1.3 bln vs the $1.27 bln S&P Capital IQ Consensus.
- "We experienced better than expected demand during the December quarter, with strong double-digit order growth across all verticals, all customer solutions and all geographies," said Juniper's CEO, Rami Rahim.
- Co issues in-line guidance for Q1, sees EPS of ~$0.31, plus or minus $0.05, excluding non-recurring items, which translates to ~$0.26-0.36 vs. $0.31 S&P Capital IQ Consensus; sees Q1 revs of ~$1.15 bln, plus or minus $50 mln, which translates to ~$1.100-1.200 bln vs. $1.13 bln S&P Capital IQ Consensus.
- Non-GAAP gross margin will be approximately 58.0%, plus or minus 1%.
- Non-GAAP operating margin will be approximately 11.8% at the mid-point of revenue guidance.
- Juniper today announced a 5% increase in its quarterly cash dividend to $0.21 per share, to be paid on March 22, 2022 to stockholders of record as of the close of business on March 1, 2022.