Juniper Networks (NYSE: JNPR) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Juniper Networks's revenues will expand 1.4% and EPS will grow 31.6%.

The average estimate for revenue is $1.09 billion. On the bottom line, the average EPS estimate is $0.25.

Revenue details
 Last quarter, Juniper Networks reported revenue of $1.06 billion. GAAP reported sales were 2.6% higher than the prior-year quarter's $1.03 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.24. GAAP EPS of $0.18 for Q1 were 500% higher than the prior-year quarter's $0.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 63.4%, 200 basis points better than the prior-year quarter. Operating margin was 9.9%, 500 basis points better than the prior-year quarter. Net margin was 8.6%, 700 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.50 billion. The average EPS estimate is $1.14.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 624 members out of 725 rating the stock outperform, and 101 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give Juniper Networks a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Juniper Networks is hold, with an average price target of $21.68.

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