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Originally Posted by wisconsinstock1
 Sold my first 30 calls for profit and bought more calls at the end. If this bounced tomorrow this could be very good however didn't like the selling volume at the end.
.JUXKC JNPR NOV 15 Call $15.15 40 $1.00 $4,000.00 0.99 $3,960.00 ($40.00) |
Juniper Networks Inc. (JNPR), the world’s No. 2 maker of networking gear, reported second-quarter sales and profit that topped analysts’ estimates, citing demand for new products.
Profit excluding certain costs was 19 cents a share, Juniper said today in a statement, compared with the average analyst projection of 16 cents, according to data compiled by Bloomberg. Sales were $1.07 billion, while analysts had estimated $1.05 billion.
Juniper has rolled out new, higher-margin routers, trying to gain ground amid sluggish demand from telecommunications companies and stepped-up competition from Cisco Systems Inc. (CSCO) and Hewlett-Packard Co. The quarterly results show that Juniper’s newest gear, especially its T4000 router, is starting to gain traction, said Brian Marshall, an analyst at ISI Group.
“It’s moving in the right direction,” Marshall, who is based in San Francisco, said in an interview. “Expectations were extremely low. The better quarter is a good thing. The guidance is conservative.”
In the third quarter, profit excluding some costs will be 15 cents to 18 cents a share on sales of $1.04 billion to $1.08 billion, the Sunnyvale, California-based company said. Analysts on average had estimated profit of 21 cents and revenue of $1.11 billion.
Juniper shares rose as high as $16.01 following the report. They had declined 2.7 percent to $14.82 at the close in New York.
Second-quarter net income dropped to $57.7 million, or 11 cents a share, from $115.6 million, or 21 cents, the company said. Sales in the year-earlier period were $1.12 billion.
Separately, Juniper said it will pay Riverbed Technology Inc. (RVBD) $75 million to license products that help speed application performance. The two companies will also collaborate on products that increase the efficiency of large networks and speed mobile technologies.
Shares of Riverbed, which also posted better-than-forecast second-quarter profit today, jumped as much as 27 percent to $18.44 after the announcements. Profit before certain costs was 23 cents a share, the San Francisco-based company said in a statement, compared with the 21-cent average analyst estimate.
Juniper shares have tumbled 27 percent this year as orders from telecommunication-service providers faltered and Cisco grabbed market share with price cuts and aggressive sales strategies. Juniper and Cisco are both under pressure from subdued spending on networking equipment, particularly among government agencies and in Europe, where the debt crisis has crimped demand.
Cisco, the world’s largest computer-networking equipment maker, said yesterday it was cutting about 1,300 workers, or 2 percent of its workforce, in part because of the “economic environment in certain parts of the world.”
Juniper gets more than 60 percent of revenue from telecommunications companies. In May, Chief Technology Officer Pradeep Sindhu said demand for Juniper’s gear from those companies was “unsettled” and deals were taking longer.
On June 12, Juniper reduced its forecast for gross margin, the percentage of revenue left after subtracting production costs, for 2013 to 2015 to 63 percent to 66 percent. That was down from a previous forecast for gross margin of 66 percent to 68 percent. Chief Financial Officer Robyn Denholm said Juniper’s newer products need time to become profitable and the economy has crimped demand.
Revenue will rise 9 percent to 12 percent in 2013 to 2015, Denholm also said last month.
Nice little level that Cisco dropped down to......Perhaps it was earnings related ?
Lol.....One's got to LOVE all this stuff called "TA"
Shares in the networking giant tumbled 6% Tuesday after VMware—a joint venture partner of Cisco's—announced that it would buy software start-up Nicira for $1.3 billion. Though Nicira's current sales are tiny—in the single-digit millions, according to a person close to the company—the potential for its software looks big. It has the potential to do to network switching what VMware already has done to servers. The key word is "virtualization." VMware's software helps
Man.......I've zoomed up on this Juniper $20 Buck Level......a NUMBER of times here now.....
The most agregious of these times was back in late April, when it performed that fantastic "gyration"
Yes......There is DEFINATELY SOMETHING that's making our Wall Street,
Just TOTALLY DROOL over this level.
Figure out which way (and when) it's gonna (big time) REACT to it ?.....
And that there could be your Retirement.
Good Luck
