Re: Juniper Networks(JNPR) +5.86% on earnings
Juniper Networks Reports Preliminary Third Quarter 2023 Financial Results
“We delivered better than expected Q3 results due to another record quarter in our enterprise business, which represented more than 50% of total company revenue for the first time in the company’s history,” said Juniper’s CEO, Rami Rahim. “While we are continuing to experience headwinds from our cloud and service provider customers, many of which are still digesting prior purchases, our enterprise momentum remains strong and provides confidence in our future growth prospects.” -----------------------------------------------
It's a challenging environment for all the companies in this sector. I made my final buy today at $24.93/share making my avg cost at $26.15/share.
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Intel Corp(INTC) POST-MARKET35.01+2.49 (+7.66%)
Intel Beats Q3 Estimates, Citing Expense Controls; Company Delivers Optimistic Outlook
The tech company's revenue declined 8% from a year ago to $14.2 billion in the third quarter, while adjusted earnings per share came in at 41 cents, an 11% increase from the same quarter in 2022. Revenue was $800 million above the guidance the company provided in July, and EPS was 21 cents higher “We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps, agreements with new foundry customers, and momentum as we bring AI everywhere,” Intel CEO Pat Gelsinger said in a statement. “We continue to make meaningful progress on our IDM 2.0 transformation by relentlessly advancing our strategy, rebuilding our execution engine and delivering on our commitments to our customers.” ------------------------------------------------------
Looks like the 'Value' growth Tech is finally delivering. IBM +4.87% had a good earnings report too. Will new money find it's way into these value names coming out of the over priced Tech names? |
