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BUSINESS
January 30, 2009 | Times Wire Reports
Juniper Networks Inc., the second-largest maker of networking equipment, reported fourth-quarter sales that fell short of analysts' estimates and said it deferred some revenue from Japan after an audit. Revenue increased 14% to $923.5 million, the Sunnyvale, Calif., company said. Fourth-quarter profit rose 7.8% to $132.5 million, or 25 cents a share, from $122.9 million, or 22 cents, a year earlier. Excluding certain costs, profit was 32 cents a share, matching estimates. Juniper shares dropped 10% to $15.20 in after-hours trading.
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BUSINESS
October 10, 2003 | From Reuters
Network equipment maker Juniper Networks Inc. posted a quarterly profit as revenue rose 13% on improved spending by telecommunications carriers. Juniper reported third-quarter net income of $7.2 million, or 2 cents a share, on revenue of $172.1 million, contrasted with a net loss of $88.3 million, or 24 cents, on revenue of $152 million a year earlier. Shares of Sunnyvale, Calif.-based Juniper rose to $18.88 after hours from a Nasdaq close of $18.40. * Marriott International Inc.'
BUSINESS
July 19, 2007 | From Times Wire Services
Network-equipment maker Juniper Networks Inc. posted a quarterly profit Wednesday, contrasted with a loss a year earlier, as telecommunications companies bought more equipment to handle growing Internet traffic. Second-quarter net income totaled $86.2 million, or 15 cents a share, in contrast to a loss of $1.2 billion, or $2.13 a share, a year earlier. Revenue rose 17% to $664.9 million. Sunnyvale, Calif.
BUSINESS
July 11, 2003 | From Bloomberg News
Juniper Networks Inc., the world's No. 2 maker of equipment to direct Internet traffic, said second-quarter profit more than doubled to $13.6 million as sales increased 41%. Net income was 3 cents a share, compared with $6.23 million, or 2 cents, a year earlier, the company said. Sales rose 41% to $165.1 million. Sunnyvale, Calif.-based Juniper, which trails Cisco Systems Inc. in sales of routers that transfer data between computers, is benefiting from rising demand overseas.
BUSINESS
October 11, 2002
Costco Wholesale Corp.'s fourth-quarter profit rose 30% as the largest U.S. warehouse club added small-business customers and shoppers sought bargains. Net income rose to $247.4 million, or 52 cents a share. Sales rose 10% to $12.1 billion.Juniper Networks Inc. had a wider third-quarter net loss on costs related to its July acquisition of Unisphere Networks Inc. The loss was $88.3 million, or 24 cents a share, compared with $29.7 million, or 9 cents, in the year-earlier quarter.
BUSINESS
November 13, 2001 | Bloomberg News
Juniper Networks Inc., the second-largest maker of equipment for Internet traffic, said Monday that it agreed to pay about $200 million in stock for closely held Pacific Broadband Communications. The purchase of San Jose-based Pacific Broadband will provide Juniper with equipment used by high-speed Internet service providers to handle Internet traffic that arrives through cable-TV lines.
BUSINESS
January 30, 2009 | Times Wire Reports
Juniper Networks Inc., the second-largest maker of networking equipment, reported fourth-quarter sales that fell short of analysts' estimates and said it deferred some revenue from Japan after an audit. Revenue increased 14% to $923.5 million, the Sunnyvale, Calif., company said. Fourth-quarter profit rose 7.8% to $132.5 million, or 25 cents a share, from $122.9 million, or 22 cents, a year earlier. Excluding certain costs, profit was 32 cents a share, matching estimates. Juniper shares dropped 10% to $15.20 in after-hours trading.
BUSINESS
July 19, 2007 | From Times Wire Services
Network-equipment maker Juniper Networks Inc. posted a quarterly profit Wednesday, contrasted with a loss a year earlier, as telecommunications companies bought more equipment to handle growing Internet traffic. Second-quarter net income totaled $86.2 million, or 15 cents a share, in contrast to a loss of $1.2 billion, or $2.13 a share, a year earlier. Revenue rose 17% to $664.9 million. Sunnyvale, Calif.
BUSINESS
June 9, 2001 | Reuters
Networking equipment maker Juniper Networks Inc. warned that its second-quarter results will fall far short of Wall Street estimates and said it will cut 8% to 9% of its staff amid a slowdown in the telecommunications industry. The job cuts could affect as many as 104 workers, based on an employee count of 1,162 as of March 31. The earnings warning triggered a sell-off in Juniper shares, which were the biggest net decliner on Nasdaq. The stock dropped $8.61, or almost 18.
BUSINESS
May 26, 2006 | From Bloomberg News
Juniper Networks Inc., the Sunnyvale, Calif., company that makes equipment that directs Internet traffic, will replace Albertsons Inc. in the Standard & Poor's 500 index. Managers of funds that mimic the S&P 500 are now likely to purchase Juniper's shares. S&P announced the switch after the close of regular trading. Juniper shares gained 74 cents to $15.29 during the regular session and climbed to $16.20 after hours.
BUSINESS
May 23, 2006 | From Bloomberg News
Government probes into executive stock-option grants widened Monday, as Juniper Networks Inc., F5 Networks Inc., Brooks Automation Inc. and Openwave Systems Inc. said they had been contacted by prosecutors or regulators. Juniper, the second-biggest maker of equipment to direct Internet traffic, said the U.S. attorney in Brooklyn, N.Y., requested information on the company's option grants.
BUSINESS
October 10, 2003 | From Reuters
Network equipment maker Juniper Networks Inc. posted a quarterly profit as revenue rose 13% on improved spending by telecommunications carriers. Juniper reported third-quarter net income of $7.2 million, or 2 cents a share, on revenue of $172.1 million, contrasted with a net loss of $88.3 million, or 24 cents, on revenue of $152 million a year earlier. Shares of Sunnyvale, Calif.-based Juniper rose to $18.88 after hours from a Nasdaq close of $18.40. * Marriott International Inc.'
BUSINESS
July 11, 2003 | From Bloomberg News
Juniper Networks Inc., the world's No. 2 maker of equipment to direct Internet traffic, said second-quarter profit more than doubled to $13.6 million as sales increased 41%. Net income was 3 cents a share, compared with $6.23 million, or 2 cents, a year earlier, the company said. Sales rose 41% to $165.1 million. Sunnyvale, Calif.-based Juniper, which trails Cisco Systems Inc. in sales of routers that transfer data between computers, is benefiting from rising demand overseas.
BUSINESS
October 11, 2002
Costco Wholesale Corp.'s fourth-quarter profit rose 30% as the largest U.S. warehouse club added small-business customers and shoppers sought bargains. Net income rose to $247.4 million, or 52 cents a share. Sales rose 10% to $12.1 billion.Juniper Networks Inc. had a wider third-quarter net loss on costs related to its July acquisition of Unisphere Networks Inc. The loss was $88.3 million, or 24 cents a share, compared with $29.7 million, or 9 cents, in the year-earlier quarter.
BUSINESS
May 21, 2002 | Reuters
Juniper Networks Inc. will buy the Unisphere Networks Inc. unit of Siemens for about $740 million in cash and stock in a move to expand the telecom manufacturer's line of equipment that directs traffic on the Web. Juniper is the No. 2 maker of equipment that directs Internet traffic, behind the granddaddy of telecom equipment providers, Cisco Systems Inc. The deal, which Juniper said will dilute earnings this year, will help the Sunnyvale, Calif.
BUSINESS
October 12, 2001 | Reuters
Juniper Networks Inc. reported a 46% drop in third-quarter operating profit to $32.5 million, or 10 cents a share, but the results exceeded forecasts, helping push its shares up in after-hours trading. Revenue crept up to $201.7 million from $201.2 million and also was above expectations. The Sunnyvale, Calif.-based company also announced a two-year stock buyback program worth as much as $200 million.
BUSINESS
May 26, 2006 | From Bloomberg News
Juniper Networks Inc., the Sunnyvale, Calif., company that makes equipment that directs Internet traffic, will replace Albertsons Inc. in the Standard & Poor's 500 index. Managers of funds that mimic the S&P 500 are now likely to purchase Juniper's shares. S&P announced the switch after the close of regular trading. Juniper shares gained 74 cents to $15.29 during the regular session and climbed to $16.20 after hours.
BUSINESS
November 13, 2001 | Bloomberg News
Juniper Networks Inc., the second-largest maker of equipment for Internet traffic, said Monday that it agreed to pay about $200 million in stock for closely held Pacific Broadband Communications. The purchase of San Jose-based Pacific Broadband will provide Juniper with equipment used by high-speed Internet service providers to handle Internet traffic that arrives through cable-TV lines.
BUSINESS
October 12, 2001 | Reuters
Juniper Networks Inc. reported a 46% drop in third-quarter operating profit to $32.5 million, or 10 cents a share, but the results exceeded forecasts, helping push its shares up in after-hours trading. Revenue crept up to $201.7 million from $201.2 million and also was above expectations. The Sunnyvale, Calif.-based company also announced a two-year stock buyback program worth as much as $200 million.
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