Juniper (JNPR) Q4 Earnings Miss Estimates, Top Line Falls Y/Y

Juniper Networks, Inc. (JNPR) reported soft fourth-quarter 2023 results, with both the bottom and top lines missing the respective Zacks Consensus Estimate. The company recorded lower revenues year over year, owing to sluggish demand for Cloud Ready Data Center and Automated WAN Solutions. However, increasing SaaS subscriptions and healthy demand for hardware maintenance and professional services partially cushioned the top line. The company’s Annual Recurring Revenue grew 30% year over year to $384 million ...