05:30 PM EDT, 04/25/2024 (MT Newswires) -- Juniper Networks ( JNPR ) reported preliminary Q1 non-GAAP net income Thursday of $0.29 per diluted share, down from $0.48 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Net revenue for the quarter ended March 31 was $1.15 billion, down from $1.37 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.23 billion.

The computer network equipment company said it will not be providing financial guidance for 2024 due to the proposed transaction with Hewlett Packard Enterprise (HPE).

The company retained its quarterly dividend at $0.22 per share, payable on June 24 to shareholders of record on June 3.

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