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.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.