Juniper Networks satisfies Q2 earnings estimates but soft on outlook

Marking its sixth quarter of year-over-year revenue growth, Juniper Networks revealed second quarter earnings when the bell on Tuesday.

The networking instrumentality supplier rumored a income of $221.1 million, or forty six cents per share (statement).

Non-GAAP earnings were forty cents per share on a revenue of $1.23 billion.

Wall Street was expecting earnings of a minimum of thirty eight cents per share on a revenue of $1.22 billion.

A year when the previous chief government declared his resignation, chief executive officer Shaygan Kheradpir mirrored on the second quarter of 2014 in ready remarks.

Juniper delivered another solid quarter of revenue growth, with continuing diversification across our target verticals. With our centered strategy, we tend to square measure seeing clear signs of success with customers WHO square measure during a build cycle for High-IQ networks and Cloud ecosystems. we tend to square measure unrelentingly capital punishment on our Integrated operational set up and with success enforced many initiatives to drive bigger efficiencies across our organization. Throughout, we’ve got been operating to ignite our culture of innovation and maintain our unwavering commitment to shareholders to drive important worth through profitable growth.

The Sunnyvale, Calif.-based company additionally born another hunk of stories among the Q2 report. Juniper is commercialism off its Junos Pulse product portfolio to tech-focused non-public equity firm albizia Capital for about $250 million.

Junos Pulse may be a shopper application designed to supply dynamic SSL VPN property and secure network access management for for mobile and non-mobile devices.

For this quarter, analysts expect Juniper to deliver earnings of forty four cents per share on a revenue of $1.26 billion.

Juniper Network followed up with a revenue steering vary of $1.15 billion to $1.2 billion and earnings between thirty five and forty cents a pop.