Thursday October 12, 4:55 pm Eastern Time
Juniper Networks Q3 earnings top forecasts
SUNNYVALE, Calif., Oct 12 (Reuters) - Juniper Networks Inc.(NasdaqNM:JNPR - news) ,
a maker of high-speed routers used in computer networks, on Thursday reported third-quarter
earnings that were nearly double analysts forecasts amid strong revenue growth.
The Sunnyvale, Calif.-based company reported third-quarter earnings of $60.34 million, or 17
cents per diluted share, compared with a loss of $785,000 or nil cents per share a year before. Figures exclude amortization of
goodwill, deferred stock compensation and charitable contribution charges in all periods.
Revenues for the third quarter rose to $201.2 million, nearly seven times the $29.6 million in revenues a year before.
On average, analysts polled by First Call/Thomson Financial had forecast earnings of 9 cents per share.
Juniper has gained ground against rival Cisco Systems Inc. (NasdaqNM:CSCO - news), the biggest maker of gear that helps to
power the Internet, with its high-speed routers. It now has market share of about 20 percent and analysts have said it will likely
continue to gain share against principal rival Cisco.
Juniper shares closed down $6-25/64 to $199-39/64 on the Nasdaq, compared with a year-high of $240 and a year-low of
$35-1/16.
Thursday October 12, 4:34 pm Eastern Time
Und Doubleclick erreicht zumindest Vorgaben.
Gruß Dampf
Veritas Q3 earnings beat estimates
MOUNTAIN VIEW, Calif., Oct 12 (Reuters) - Veritas Software Corp. (NasdaqNM:VRTS -
news), which makes storage management software, on Thursday reported earnings that
surpassed analysts' expectations.
The company announced pro forma net income of $70.3 million or 16 cents per diluted share in the latest third quarter, compared
with earnings of $38.9 million or 9 cents per share in the year-ago period.
The latest results beat analysts forecasts for a third quarter profit of 14 cents per share, according to First Call/Thomson Financial.
Revenues rose 73 percent to $317.2 million from $183.4 million in the year-ago quarter.
Including purchase accounting adjustments, Veritas posted a net loss of $148.1 million or 37 cents a share, compared with a net
loss of $183.6 million or 48 cents during third quarter 1999.
