Juniper Networks started at underweight with $24 stock price target at J.P. Morgan
Juniper Networks started at underweight with $24 stock price target at J.P. Morgan
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Juniper Networks started at underweight with $24 stock price target at J.P. Morgan
Shares of Juniper Networks Inc. rose nearly 5% late Tuesday after the tech company reported adjusted first-quarter earnings and sales above Wall Street forecasts. Juniper said it earned $34.4 million, or 10 cents a share, in the quarter, compared with $109 million, or 28 cents a share, in the year-ago period. Adjusted for one-time items, Juniper earned $99.5 million, or 28 cents a share, compared with $178 million, or 46 cents a share, in the first quarter of 2017. Sales fell 11% to $1.08 billion, from $1.22 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 25 cents a share on sales of $1.05 billion. Juniper shares had ended the regular session up 0.6%.
Shares of Juniper Networks Inc. soared 5.5% in premarket trade Friday, after the networking products company disclosed that the U.S. Department of Justice has closed its investigation into possible violations of the U.S. Foreign Corrupt Practices Act (FCPA) without taking any action. The company previously disclosed that the Securities and Exchange Commission is also conducting an FCPA investigation, which has not yet been resolved. Separately, Juniper said Chief Customer Officer Vincent Molinaro will step down, after four years in the role. He will continue has CCO until a successor has been named. The stock has shed 2.7% over the past three months through Thursday, while the S&P 500 has slipped 0.1% and the Dow Jones Industrial Average has gained 1.7%.
Juniper Networks' stock soars 5.5% in premarket trade
Juniper Networks says DOJ closes probe into possible FCPA violations without taking action
Juniper Networks CCO Vincent Molinaro to step down
The U.S. Treasury wants a 30% boost in funding for its counterterrorism office, reflecting the increased use of financial tools to address national-security threats. An increase would follow years of flat funding.
The U.S. Securities and Exchange Commission dropped its investigation of potential bribery by Core Laboratories NV, while the Justice Department ended a probe of possible violations of the Foreign Corrupt Practices Act by Juniper Networks Inc., the companies said.
Wall Street has boosted the dividend projections for these giants by at least 2% over the last six months.
The Trump administration is reportedly mulling to introduce an executive order that could raise the bar for federal agencies to buy or sell products from Chinese technology firms.
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Juniper Networks (JNPR) Q1 2018 Results - Earnings Call Transcript
In 2017, Motorola Solutions (MSI) returned $790 million to its shareholders via share repurchases and dividends.
Motorola is a telecommunications equipment company that also sells communication systems such as land mobile radios and base stations.
Previously, we learned that analysts expect Motorola Solutions’ (MSI) revenue to rise ~7% YoY (year-over-year) in 1Q18.
Motorola Solutions (MSI) is expected to announce its 1Q18 results on May 3, 2018.
The Technology sector, of which Telecom forms part, appears to be quite strong in first-quarter 2018.
Stocks To Watch: Apple, FOMC And China On Tap
Unfavorable global macro environment and weak investment patterns among customers are likely to dampen Juniper's (JNPR) revenues in Q1.
Earnings of major telecom companies ruled the roost in the last five trading days.
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Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA. (See Full Profile)
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