SUNNYVALE, Calif. (AP) _ Juniper Networks Inc. (JNPR) on Monday reported fourth-quarter net income of $168.4 million.
On a per-share basis, the Sunnyvale, California-based company said it had profit of 49 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.
The computer network equipment maker posted revenue of $1.21 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $1.19 billion.
For the year, the company reported profit of $345 million, or 99 cents per share. Revenue was reported as $4.45 billion.
For the current quarter ending in April, Juniper expects its per-share earnings to range from 24 cents to 30 cents.
The company said it expects revenue in the range of $1 billion to $1.06 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.03 billion.
Juniper shares have decreased nearly 1% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $24.47, a fall of 14% in the last 12 months.