Juniper Networks (JNPR) Q4 2024 earnings summary

Executive summary

• HPE plans to acquire Juniper Networks for $40.00 per share in an all-cash deal valued at $14 billion; DOJ filed a complaint to block the transaction, but both companies remain committed to completion.

• Q4 2024 net revenues rose 3% year-over-year and 5% sequentially to $1,404.1 million; GAAP net income increased 30% year-over-year to $162.0 million.

• Full-year 2024 net revenues declined 9% year-over-year to $5,073.6 million; GAAP net income fell 7% to $287.9 million.

Financial highlights

• Q4 GAAP operating margin improved to 11.9% from 9.2% a year ago; non-GAAP operating margin rose to 19.2% from 18.3%.

• Q4 non-GAAP net income was $216.6 million, up 10% year-over-year; non-GAAP EPS was $0.64.

• Full-year GAAP EPS was $0.86, down 9% year-over-year; non-GAAP EPS was $1.72, down 24%.

• Q4 net cash from operations was $279.8 million, up from $9.1 million a year ago.

• Cash, cash equivalents, and investments totaled $1,770.0 million at year-end, up from $1,324.3 million a year earlier.

Outlook and guidance

• No financial guidance provided due to the pending HPE acquisition.