On Jan. 25, Juniper Networks
- Net income included roughly $14 million in charges related to acquisitions, restructuring, and redemption of convertible notes. Without them, Juniper earned $0.20 per stub, in line with Street projections.
- Sales, however, disappointed. Not surprisingly, investors took their objections out on the shares, which fell by almost 21%.
- The outlook isn't much better. According to Reuters, Juniper expects to book between $565 million and $575 million in revenue and $0.19 per stub after special charges. Analysts, however, had projected $586 million and $0.20 a share.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$579,180 |
$575,464 |
$430,053 |
+33.8% |
|
Net Profit |
-- |
$105,530 |
$66,001 |
+59.9% |
|
EPS |
$0.20 |
$0.17 |
$0.11 |
+54.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
68.38% |
70.37% |
-1.99% |
|
Op. Margin |
20.23% |
20.98% |
-0.75% |
|
Net Margin |
18.34% |
15.35% |
+2.99% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,428,765 |
$1,117,841 |
+27.8% |
|
Prepaid Exp. |
$120,784 |
$108,586 |
+11.2% |
|
Accounts Rec. |
$268,907 |
$187,306 |
+43.6% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$460,159 |
$481,440 |
-4.4% |
|
Accounts Pay. |
$165,172 |
$113,890 |
+45% |
Cash Flow Highlights
|
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$642,943 |
$439,448 |
+46.3% |
|
Capital Expend. |
$98,192 |
$63,185 |
+55.4% |
|
Free Cash Flow |
$544,751 |
$376,263 |
+44.8% |
Find out why Fools always follow the money.
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Related Foolishness:
- Juniper looked good in April.
- And again in June.
- What's with Cisco? Is it cheap or not?
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
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Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
