Denholm excerpt... PPS should be much higher...
"So in terms of results, we've had five quarters of year-over-year growth and that growth is accelerating in terms of our performance year-to-date. If you look at out year-to-date performance from a earnings perspective, we are up over 50% in terms of expansion in our earnings. We also have had very good demand metrics. For the third quarter; our book-to-bill was greater than one. And our backlog is at a healthy levels as well as our deferred revenue growing quarter-over-quarter."
•Robyn Denholm, chief financial and operations officer, Juniper Networks, presented today at the Credit Suisse conference. They continue to be very positive on the business and continued growth. New products gaining real traction. Nothing negative and are on track to achieve their quarterly projection ,as well as, continued growth into the first half of 2015. If the HFT criminal manipulators allow it, this stock should continue to track up nicely.
•Cantor's Brian White, best known for singing Apple's praises, is reiterating a Buy and $26 PT on Juniper (JNPR +2.3%), while arguing sentiment is "hovering near five-year lows."
•White also argues Juniper should "accelerate its stock buyback program or initiate a cash dividend." The networking/security hardware vendor spent $93M on buybacks in Q3, but with $4B in cash/investments on its balance sheet (partly offset by $1B in debt), Juniper could afford to spend more.
•With security-related weakness weighing on its results, Juniper has missed out on this year's tech rally, and remains well below its early 2011 highs. Shares trade at just slightly over 10x 2014E EPS after backing out net cash/investments.
Rami, the Cisco's comments about the dire forecast about next quarter, about next year on demand that they are working, do you see that?
Rami Rahim - EVP, Platform Systems Division
I am just going to refer back to the outlook that we provided in the last earnings call. I think we are going to -- I am comfortable with that and I would just point out that when it comes specifically to emerging market, our approach to emerging market is just different than our larger competitor. It's much more surgical, it's really focused on investing in key areas of the market where we feel that we have true technology differentiation and it's one that leverages our partner approach. So we have strong partners in the region that will take us to market in those emerging market.
The outlook we talked about in our Q3 earnings (call),there's no change as to how we'd characterize that outlooktoday," Chief Marketing Officer Brad Brooks said in aninterview.
Cisco also said on Wednesday that some customers,particularly in China, were hesitating to buy its equipmentbecause of the scandal arising from the leaking of secret U.S.government documents by Edward Snowden, a former contractor atthe National Security Agency.
"The Snowden effect is not real," Brooks said. "Our businesscontinues to grow in Asia Pac as well as China. As we look atthat business there we've not seen those types of conversationsfrom our customers.
Sounds like CSCOs issues are company specific, this news somewhat encouraging. The new CEO has more customer, market and investment experience from both Verizon and Barclays. I actually think it is a good idea to get someone that knows the business and markets outside the company. They have plenty of employees that know hardware. I would expect him to do a much better job. Can he start 12-1?
Make that now down 25% since Johnson was named CEO. Five years... he was paid millions for losing 25% of shareholder value. Where is the new CEO?????
Your statement is incorrect and ignorant. They are buying back shares every quarter and will continue to do so, they have 1.2 billion more already authorized to repurchase shares in the future. They could repurchase 60 + million shares at the current price and reduce the total share count by over 10% and still have 1.8 billion in cash. They currently have 3 billion in cash and doing little with it... they have been more focused on building their new Sunnyvale headquarters/campus than creating value for shareholders. Just $93 million in repurchase at this price range is a pittance.
Need new leadership to manage this company, Johnson has been a failure and the PPS shows it.
In the last Q, these idiots purchased 4.4 million shares, at the average price 20.92. They continually show their incompetence... the stock spent much time under 20 why didn't they buy late August under 19? Now because of their ineptitude the stock is at 19.05. This kind of stupidity is really unbelievable. They should be loading up at this level. Time to clean house of the leaders ( I use the term loosely) !!!
"We repurchased 4.4 million shares for $93 million at an average price of $20.92. And we have $1.2 billion remaining on our current authorization."
Look at the nice bump in AKAM and FFIV PPS after hours and earnings. This should have happened to JNPR if not for the stupid incompetence of the CEO Johnson and CFO Denholm. Time to fire them both. Don't wait for the replacement, their janitor can do a better job!
Once again the stupid leaders of this company ruin a solid Q by playing the forecast game. They beat on earnings and revenue last Q and now they guide the earnings in line but the mid point on revenues is slightly low. All they had to do is guide inline ( add .01 billion to the high end and the stock would pop. What a bunch of idiots. They continue to ruin the hard work of their employees and the PPS for their shareholders by their incompetence. Watch... they will beat the revenue guidance this Q again! Markets are hitting highs and this stock is off 50%. Time for the new CEO and he should bring in a new CFO, she is worthless.
Well the HFT Wall Street criminals just wiped out the 21 and 22 calls. Watch now... they will run it up. Look for ~23 at earnings release. Nice to see the SEC is on top of all of this.