Nope... it should be a positive. Analysts that suggest otherwise are not doing much analysis.
Guess this is what you are referring to:
1772Thursday October 12, 4:55 pm Eastern Time
Juniper Networks Q3 earnings top forecasts
SUNNYVALE, Calif., Oct 12 (Reuters) - Juniper Networks Inc.(NasdaqNM:JNPR - news) , a maker of high-speed routers used in computer networks, on Thursday reported third-quarter earnings that were nearly double analysts forecasts amid strong revenue growth.
The Sunnyvale, Calif.-based company reported third-quarter earnings of $60.34 million, or 17 cents per diluted share, compared with a loss of $785,000 or nil cents per share a year before. Figures exclude amortization of goodwill, deferred stock compensation and charitable contribution charges in all periods.
Revenues for the third quarter rose to $201.2 million, nearly seven times the $29.6 million in revenues a year before.
On average, analysts polled by First Call/Thomson Financial had forecast earnings of 9 cents per share.
Juniper has gained ground against rival Cisco Systems Inc. (NasdaqNM:CSCO - news), the biggest maker of gear that helps to power the Internet, with its high-speed routers. It now has market share of about 20 percent and analysts have said it will likely continue to gain share against principal rival Cisco.
Juniper shares closed down $6-25/64 to $199-39/64 on the Nasdaq, compared with a year-high of $240 and a year-low of $35-1/16. |
