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Mar 31, 2024
Juniper Networks Q1 2024 Earnings Report
Reported preliminary financial results for the first quarter of 2024.
Key Takeaways
Juniper Networks reported a decrease in net revenues by 16% year-over-year to $1,148.9 million, with a GAAP net loss of $0.8 million. Despite macro headwinds, the company saw recovery in demand from cloud customers and double-digit order growth in the Mist-led business. Non-GAAP net income was $96.6 million, resulting in a non-GAAP diluted net income per share of $0.29.
Net revenues decreased by 16% year-over-year to $1,148.9 million.
GAAP operating margin was (1.2)%, a decrease from 8.4% in Q1 2023.
Non-GAAP operating margin was 10.6%, a decrease from 14.8% in Q1 2023.
Non-GAAP diluted net income per share was $0.29.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In light of the proposed transaction with HPE, and as is customary during the pendency of an acquisition, Juniper Networks will not be providing financial guidance for 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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