EmailJuniper Networks (JNPR 25.14 -19.3%) reported second quarter earnings of $0.31 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus Estimate of $0.33
Revenues rose 14.6% year/year to $1.12 billion vs the $1.15 billion consensus.
For the third quarter of 2011 company issued EPS guidance of $0.26-0.30, excluding non-recurring items, versus. $0.38 Capital IQ Consensus Estimate. The company also issued revenue guidance of $1.07-1.12 billion versus. $1.22 billion Capital IQ Consensus Estimate.
Company reported Non-GAAP gross margin of 65.6% versus. guidance range of 66-68%. It also reported that the operating margin for the second quarter of 2011 decreased to 21.6% from 22.3% in the first quarter of 2011 and from 23.9% in the prior year second quarter.
Days sales outstanding in accounts receivable was 39 days in the second quarter of 2011, compared to 38 days in the prior quarter and 36 days in the same quarter of the prior year. Juniper repurchased ~3.9 million shares in the second quarter of 2011, at an average price of $38.94 per share, or ~$150 million dollars.
