Juniper Networks (NYSE: JNPR) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Juniper Networks beat expectations on revenues and earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.

Margins dropped across the board.

Revenue details
Juniper Networks notched revenue of $1.03 billion. The 33 analysts polled by S&P Capital IQ expected revenue of $976.9 million on the same basis. GAAP reported sales were 6.3% lower than the prior-year quarter's $1.10 billion.

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

EPS details
Non-GAAP EPS came in at $0.16. The 35 earnings estimates compiled by S&P Capital IQ predicted $0.13 per share on the same basis. GAAP EPS of $0.03 for Q1 were 88% lower than the prior-year quarter's $0.24 per share.

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

Margin details
For the quarter, gross margin was 61.4%, 540 basis points worse than the prior-year quarter. Operating margin was 4.9%, 1,150 basis points worse than the prior-year quarter. Net margin was 1.6%, 1,020 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $4.43 billion. The average EPS estimate is $0.94.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 639 members out of 737 rating the stock outperform, and 98 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 150 give Juniper Networks a green thumbs-up, and 23 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 $22.44.

The game is changing for makers of communications equipment, and some of the old guard may not make it. Where will Juniper Networks fit in? Who's going to lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.