Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (2760)	10/11/2001 4:52:06 PM
From: Ibexx	Respond to of 3350

Scott Kriens on CNBC at 6:00 tonight. Ibexx

To: Kayaker who wrote (2760)	10/11/2001 9:36:21 PM
From: Kayaker	Read Replies (1) \| Respond to of 3350

At Juniper, Maybe Good Quarters Do Grow on Trees By Scott Moritz Senior Writer 10/11/2001 07:01 PM EDT Shrugging off the networking industry's gloom, Juniper (JNPR:Nasdaq - news - commentary - research - analysis) Thursday posted better-than-expected third-quarter results and nudged next quarter's numbers higher. Still, Juniper's big-game talk didn't extend into 2002; the company cut its growth expectations by 10%, saying such a pullback was the prudent approach to the industrywide torpor. Juniper raised its fourth-quarter earnings goal to 10 cents per share, which is 2 cents above the analyst consensus, according to Multex.com. For 2002, Juniper projected profit of 45 cents per share on revenue of $900 million to $1 billion. The Wall Street consensus was 50 cents on $1 billion in sales. But investors cheered the old 1999-style swagger, pushing the stock up $4.95, or 30%, to $21.59 in aftermarket trading on Instinet. Juniper had closed regular trading Thursday up 11%. International sales rose to 34% of total revenue, up from 28% in the second quarter, countering fears that router spending is slowing overseas. Gross margins edged up to 60.4%, easing concerns that a price war with rival Cisco (CSCO:Nasdaq - news - commentary - research - analysis) was hurting profits. "Their quarter was glowing in all respects," says one hedge fund manager who, like most of Wall Street's networking industry watchers, was impressed by Juniper's positive results. Juniper makes core Internet routers, traffic boxes inside networks that direct the flow of communications between computer systems.... thestreet.com