Thats great. But we are in the 'missing estimated numbers' season. And some of of the numbers missed are ridiculous like JNPR which is now going to miss by 30% and of course you have seen the stock price get murdered literally and continues to go down daily.
I was talking about EPS (earnings per share). The 30% figure you quote above is in regards to Juniper's revenues coming in at $200 - $210 Million instead of the previous guidance of $300 - $330 Million. (A range for the miss of 30% - 39.3%) The EPS 'miss' will be even more significant as estimates were for $.24 and they will come in, according to the warning, around $.08 - $.09 which is a miss of 62.5% - 66.6% from the estimates. So the stock getting 'murdered' has a lot to do with the EPS adjustment and why I was discussing TTM EPS and FTM EPS. We can look at the other side of the coin as well. The revenue numbers for Juniper will be 80% above the year ago Q2 period and EPS, depending on if it is $.08 or $.09, will be an increase of 25% - 33.3% from the year ago period. Of course, Q3, Q4 of 2001 and Q1 of 2002 will be difficult y/y EPS comparisons as those were strong EPS quarters this past few quarters of $.17 (Q3), $.18 (Q4) and $.17 (Q1) respectively.
Obviously, the entire sector from Cisco, Extreme, ONI, Foundry, Redback, Nortel, Juniper, Ciena to all the others are under intense difficulties in the economic environment of their customers. It will be interesting to see what the forward decade provides for growth to those that survive and lead through the generations of equipment needed to build and update the infrastructure.
BB |
