Juniper Networks reports preliminary Q3 adjusted EPS 60c, consensus 55c

Reports preliminary Q3 revenue $1.398B, consensus $1.39B. “We delivered better than expected Q3 results due to another record quarter in our enterprise business, which represented more than 50% of total company revenue for the first time in the company’s history,” said Juniper’s CEO, Rami Rahim. “While we are continuing to experience headwinds from our cloud and service provider customers, many of which are still digesting prior purchases, our enterprise momentum remains strong and provides confidence in our future growth prospects.”