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According to RBC Capital Markets, network infrastructure vendor Juniper Networks generated $250 million in cash during its 2008 2nd Quarter. RBC Capital Markets Managing Director - Mark Sue commented to yours truly: "Juniper's results were strong and total revenues grew 7% sequentially to $879M ahead our street high $855M." "Due to strong router demand, a revamped product cycle and improving traction with enterprises switches, Juniper is increasing its full year outlook between $3.59B and $3.62B vs. the consensus of $3.50B." "EPS increases to a range of $1.14 and $1.17 vs. the consensus of $1.13." "Our rating is Outperform and our price target of $30 is 21X our CY09 earnings of $1.45 (up from $1.41)." "Juniper maintains $2.86 per share in cash." "Infrastructure increased 9% sequentially to $576M driven by the strength in the TX and MX series (250 customers)." "The enterprise centric SLT segment actually hung in there at $148M (+2% QoQ) with a strong showing from the new EX series switch which grew to $10M." "Services grew 4% sequentially to $155M." "Americas were 44%, down 7% sequentially yet EMEA at 35%, grew +29% sequentially." "APAC at 21% grew +12% sequentially with strength from China, India and Japan." "The higher international mix may explain the modest gross margin decline." "Gross margins declined sequentially from 68.4% to 67.6%, which shouldn't be a major surprise considering they were at abnormally high levels in the prior quarter." "Margins are likely to remain in the 66%-68% range going forward." "Operating margins improved modestly from 23.5% to 23.6% with Juniper reiterating its target to exit the year at 25%." "SLT operating margins still lagged at just 6%." "Cash generation remains strong at $250M per quarter." "DSOs remain in check at 40 days." "Total deferred revenues grew 5% sequentially to $592.8M." "The router market remains healthy and incremental progress on the enterprise segment may enable Juniper to broaden its top line growth prospects." "We're assuming Juniper may exit CY09 with operating margins of 26.6%, a target which may further enable earnings to outpace revenue growth." View Cisco on Wall Street Buy your Cisco Refurbished from me. Search 61,289 current Cisco Job openings worldwide. Harmonic: International sales equal to US during 2008 2nd quarter NETGEAR: Asia Pacific sales soar almost 50% during 2008 2nd quarter F5 Networks: Deal sizes remain consistent at near $200k Radware: Average deal size remains stable at $80k Foundry: Strong trends from North American service provider sales Brad Reese on Cisco Story Archives Cisco Jobs Cisco Resumes 2008 Cisco Salary Rates Post Cisco CV/Resume FREE