- Barrons.com•2 days ago
Shares of networking equipment maker (JNPR), which competes with (CSCO) and (ANET), among others, are down $1.49, or 6%, at $22.73, after the company yesterday afternoon reported Q2 results that beat consensus, and a better-than-expected Q3 revenue view, but warned of in the networking market. During the conference call following the report, said pressure on prices had hit gross profit and would probably continue to do so the rest of this year: While I'm pleased with our overall results, the macro environment in Q2 was more challenging than we originally anticipated, and gross margins came in below our guidance. Non-GAAP gross margins were 63%, down 7/10 sequentially.
Telefonaktiebolaget LM Ericsson (publ)NasdaqGS
After hours: 7.42-0.02 (-0.27%) as of 4:11 PM EDT
|Bid||7.25 x 3000|
|Ask||7.52 x 400|
|52wk Range||6.96 - 10.80|
|Day's Range||7.37 - 7.45|
|Avg Vol (3m)||3,865,623|
As of 4:00 PM EDT. Market closed.