Dallas, Texas 07/25/2013 (Financialstrend) – In the recently released quarterly results for the second quarter of fiscal year 2013, Juniper Networks, Inc. (NYSE:JNPR) had reported revenues and profits to beat the expectations of the analysts. The company had posted earnings per share at $0.29 for the second quarter, which was observed to be higher than the consensus estimates at $0.25 per basic and diluted share of the company. The revenues generated for the quarter had been reported at $1.15 billion, compared to the consensus estimates of analysts at $1.09 billion.
In line with such positive results for the second quarter, Juniper Networks had increased the financial guidance for the next quarter. It had been announced that the company would earn $0.29 to $0.32 per share for the third quarter, compared to the consensus estimates at $0.29 per basic and diluted share. Further, the revenue generation for the third quarter is expected to be at $1.14 to $1.18 billion, while the consensus estimates are at $1.14 billion. The continued ability of the company to execute the business strategy had proved to present successful returns for the company in this quarter. The company is further focusing to present strong revenue growth, drive strong leverage into the financial models of the company and thereby earn strong gross profit margins.
Juniper Networks, Inc. (NYSE:JNPR) had gained 1.50% on Wednesday to close at $21.66 per share, after opening the day at a price of $21.75 per share. The stock had through the day moved with prices fluctuating between $21.03 and $21.82 per share. The company presently has 52 week low at $14.55and 52 week high at $22.98. The institutional holding is at 92% and there are 506.25 million shares outstanding in the market with a market cap of the stock presently at $10.97 billion.