Juniper Networks beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs below consensus; announces CFO resignation :
- Reports Q4 (Dec) earnings of $0.63 per share, $0.04 better than the Capital IQ Consensus of $0.59; revenues rose 19.8% year/year to $1.32 bln vs the $1.3 bln Capital IQ Consensus. Non-GAAP operating margin for the fourth quarter of 2015 increased to 26.0% from 25.5% in the third quarter of 2015, an increase of 4.1 points year-over-year and 0.5 points sequentially
- Co issues downside guidance for Q1, sees EPS of $0.42-0.46 vs. $0.47 Capital IQ Consensus Estimate; sees Q1 revs of $1.15-1.19 bln vs. $1.19 bln Capital IQ Consensus Estimate. Non-GAAP gross margin will be approximately 63.5%, plus or minus 0.5%.
- Co also announced that Denholm notified the Company of her intention to resign as chief financial and operations officer following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2015, and is expected to remain at the company over the next several months to help facilitate a smooth transition. Based on the company's succession planning, the company announced its plans to appoint Ken Miller, the company's senior vice president, finance, to succeed Denholm as chief financial officer.
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