Juniper Networks reports preliminary Q2 adjusted EPS 58c, consensus 55c

Reports preliminary Q2 revenue $1.43B, consensus $1.42B. “We delivered better than expected results during the June quarter as our teams continued to execute well and we benefited from improved supply,” said Juniper’s CEO, Rami Rahim. “We were particularly encouraged by the momentum we experienced in our Enterprise business, which not only had a record quarter, but also represented both our largest and fastest growing vertical for a third consecutive quarter. Our Mist AI platform continues to win in the market, driving record revenue for our wireless, wired switching and SD-WAN offerings, along with a record number of full-stack wins, in the Q2 period. While we are currently facing some near-term order weakness from our Cloud and to a lesser degree our Service Provider customers, we remain confident in our ability to deliver long-term growth based on continued Enterprise momentum and our expectations for an eventual recovery in our Cloud business.”