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On July 25, 2024, Juniper Networks reported its preliminary second-quarter 2024 financial results, revealing revenue of $1.19 billion and a GAAP EPS of $0.10, with a non-GAAP EPS of $0.31. Despite strong demand from cloud and enterprise sectors, driven by AI initiatives, the results fell below analysts' estimates due to weak spending by cloud computing firms on the company's networking products. The company's stock dropped 0.55% in post-market trading following the announcement.
Juniper Networks reports second quarter results below estimates https://t.co/9crR8b94uA https://t.co/GAjxFaltQX
🔵 JUNIPER NETWORKS REPORTS SECOND QUARTER RESULTS BELOW ESTIMATES Full Story → https://t.co/5gca9xF3ke Juniper Networks reported second-quarter revenue and profit below analysts' estimates on Thursday due to weak spending by cloud computing firms on the company's networking…
$JNPR | Post Market: -0.55% | Juniper Networks Q2 Earning Report: $1.19B Revenue, $0.10 GAAP EPS, $0.31 Non-GAAP EPS. Strong demand from cloud and enterprise sectors! 🚀 👉 Business Highlights: ➡️ Robust demand from cloud customers, driven by AI initiatives ➡️ Strong… https://t.co/ZaPPujZzX8