In what is hopefully not an early indicator for the sector, yesterday after the market closed Juniper Networks reeled in its estimates for the first quarter. They cited weaker than expected demand from big operators in both the US and Europe, as well as the delayed timing of certain deployments.
Juniper’s Q1 revenues are now expected to be $1.09-1.10B, down from its previous guidance of $1.15-1.19B. Earnings per share are now expected to check in at $0.35-0.37, down from $0.42-0.46. The company says it ‘remains constructive’ on fiscal 2016, a phrase that is on the positive side of the spectrum but promises very little.
Not a fun quarter, perhaps, but honestly a rather typical bump in the road for the vendor side of things given that timing other companies’ capex plans is always fraught with peril. The question is whether it’s just Juniper feeling the pinch this time, or whether it’s more of a general thing.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!
Categories: Financials · Telecom Equipment
Join Our LinkedIn Group
mhammett on euNetworks, Ciena Put 1.6Tbps Wavelengths to Work: “Did they say anywhere what the channel size was to deliver 1.6 TB/s? All of the other operators I’ve talked…” Nov 12, 08:31
Discuss this Post