Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Second-quarter revenue fell 4% to $1.1 billion, with adjusted net income of $103 million, or $0.19 per share. The results bested analyst expectations, but third-quarter guidance fell a little short due to macroeconomic concerns. Adjusted earnings per share are expected to be between $0.15 and $0.18 in the third quarter.
Now what: The networking specialist also announced a partnership with Riverbed, licensing its application delivery controller technology for use in its gear. Juniper is paying $75 million up front to Riverbed. Analysts expect telecom spending, which comprises over 60% of sales, to bounce back in the second half of the year. Juniper also has a new product lineup that will begin ramping up soon.
Interested in more info on Juniper Networks? Add it to your watchlist by clicking here.
The article Why Juniper Networks Jumped originally appeared on Fool.com.Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Riverbed Technology. Motley Fool newsletter services have recommended buying shares of Riverbed Technology. Motley Fool newsletter services have recommended creating a stock position in Riverbed Technology. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.