Loading...
•
Dec 31, 2021
Juniper Networks Q4 2021 Earnings Report
Juniper Networks reported preliminary financial results, with revenue increasing and GAAP operating margin improving.
Key Takeaways
Juniper Networks reported a 6% year-over-year increase in net revenues to $1,299.9 million for Q4 2021. GAAP net income increased significantly, resulting in diluted earnings per share of $0.40. The company's performance was driven by strong demand across all verticals, customer solutions, and geographies.
Net revenues increased by 6% year-over-year to $1,299.9 million.
GAAP operating margin improved to 11.8% from 8.0% in Q4 2020.
GAAP net income increased by 331% year-over-year to $132.9 million, resulting in diluted earnings per share of $0.40.
Non-GAAP net income was $184.7 million, resulting in non-GAAP diluted earnings per share of $0.56.
Revenue by Geographic Location
Forward Guidance
Juniper Networks provided its outlook for the three months ending March 31, 2022. Revenue is expected to be approximately $1,150 million, plus or minus $50 million.
Challenges Ahead
- Significant supply chain related headwinds associated with rising component costs and shortages.
- Elevated freight costs are expected to continue at least through the first half of the year.
- Pricing actions to offset these headwinds are not expected to have an impact until later in the year.
- Non-GAAP gross margin will be approximately 58.0%, plus or minus 1%.
- Non-GAAP operating expenses will be approximately $532 million, plus or minus $5 million.
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
Loading earnings performance data...
Loading earnings reaction data...