Juniper beats quarterly estimates on networking gear demand
Cătălin Roșioru
Juniper Networks, which is being bought by Hewlett Packard Enterprise, beat Wall Street estimates for third-quarter revenue and profit on Thursday, aided by demand for its networking equipment. Sunnyvale, California-based Juniper is benefiting from strong demand from cloud computing firms as they invest heavily to bolster AI infrastructure. For the third quarter, the company reported revenue of $1.33 billion, beating analysts' expectations of $1.26 billion, according to data compiled by LSEG
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