Despite the solid Q4, estimates for Q1, 2011, may disappoint. For the period ending March 31, Juniper expects revenue to range from $1.06 billion to $1.11 billion, up 19% from last year but down as much as 11% from Q4. Analysts expected revenue of $1.09 billion for Q1.
Juniper estimates net income per share, minus expenses, charges and other items, will range between $0.30 and $0.33. Analysts were looking for $0.34 in per share earnings for Q1.
Juniper attributes the conservative guidance to seasonal buying trends, especially in the enterprise. Customers likely flushed their budgets in Q4 and are building up war chests for purchases later in the year.
Indeed, Johnson says the economy is improving, and is especially robust in North America. Enterprise is "very healthy," he said.
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