financetom
Business
financetom
/
Business
/
Juniper Networks beats quarterly revenue, profit estimates as AI boom fuels demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Juniper Networks beats quarterly revenue, profit estimates as AI boom fuels demand
Feb 4, 2025 2:08 PM

Feb 4 (Reuters) - Juniper Networks ( JNPR ) topped

analysts' estimates for preliminary fourth-quarter revenue and

profit on Tuesday, helped by steady demand for its networking

gear amid the artificial intelligence boom.

The Sunnyvale, California-based company provides technology

that is used to optimize data traffic across large-scale

networks such as those used by cloud and internet service

providers.

Cloud computing firms have been investing billions to

optimize their data center infrastructure, aiding demand for

networking solutions offered by companies such as Juniper.

For the fourth quarter, the company expects to report

revenue of $1.4 billion, compared with the average analyst

estimate of $1.39 billion, according to data compiled by LSEG.

On an adjusted basis, it expects to earn 64 cents per share,

compared with 61 cents a year earlier and estimates of 58 cents.

Last week, the U.S. Department of Justice sued to block

Hewlett Packard Enterprise's ( HPE ) $14 billion deal to acquire

Juniper, arguing that it would stifle competition.

The server maker said last year it would buy Juniper in an

all-cash deal as it looks to spruce up its AI offerings.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved