Juniper Networks (NYSE: JNPR) is expected to report Q3 earnings on Oct. 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 shrink -3.5% and EPS will wither -39.3%.

The average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, Juniper Networks booked revenue of $1.07 billion. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.12 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 $0.19. GAAP EPS of $0.11 for Q2 were 48% lower than the prior-year quarter's $0.21 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 62.2%, 240 basis points worse than the prior-year quarter. Operating margin was 8.4%, 710 basis points worse than the prior-year quarter. Net margin was 5.4%, 490 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.33 billion. The average EPS estimate is $0.77.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 620 members out of 722 rating the stock outperform, and 102 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give Juniper Networks a green thumbs-up, and 24 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 $20.74.

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