Juniper beats quarterly estimates on networking gear demand

Quick Summary:

Juniper Networks, which is being bought by Hewlett Packard Enterprise, beat Wall Street estimates for third-quarter revenue and profit on Thursday, aided by demand for its networking equipment.

On an adjusted basis, the company earned 48 cents per share in the quarter ended Sept.30, compared with estimates of 44 cents per share.

Juniper said on Thursday it would not provide annual forecast owing to the takeover, which is expected to close by late 2024 or early 2025.

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Category: EconomyBusiness

Markets: SingaporeSpain

Topics: Billion Enterprise Rami Juniper Networks Hewlett Estimates Rahim Mobile Packard 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:00:25 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23355001

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