An unusually large dark pool trade occurred in Juniper Networks $JNPR stock on November 17, 2022. The dark pool order was valued at $6 million and occurred when $JNPR stock traded at $29.98. We think the dark pool trade was a buy order because Juniper stock rose following the trade hitting the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
On the same day the dark pool trade occurred, November 17, 2022, Juniper Networks $JNPR stock formed a Bullish Engulfing candlestick.
Canadian Tire Corporation Chooses Juniper Networks
On November 15, 2022, Juniper Networks announced that Canadian Tire Corporation (CTC) had selected it for its AI-based enterprise solution to modernize its IT infrastructure. Juniper’s network stack, comprising Wi-Fi, wired access switching and SD-WAN, will support an optimized user experience across CTC’s network of 1,700 retail and gas outlets.
CTC chose Juniper’s platform to provide customers with an enhanced, convenient and secure omnichannel experience that seamlessly connects across the customer journey from mobile apps to in-store kiosks and lockers. Juniper has designed a solution for CTC that enhances Wi-Fi connectivity, improves security and enables cloud strategies. CTC will use this platform to speed up problem resolution and response time, improve user experience and ensure a capacity for new ways of working and interacting in the future.
“Juniper’s platform will help CTC enable innovative and personalized experiences for every customer, no matter how they choose to shop, helping to drive our Better Connected strategy,” said Rex Lee, Chief Information and Technology Officer at Canadian Tire Corporation. “By employing Juniper’s AI-driven full-stack solution, we will make numerous enhancements, accelerating our omnichannel strategies, removing complexity and offering intelligent insights to better engage with our customers.”
“The success that Canadian Tire Corporation has had by turning digital engagements into in-store purchases is a testament to the new types of experiences Juniper’s AI-driven solutions can help deliver,” said Manoj Leelanivas, Chief Operating Officer at Juniper Networks. “Juniper’s full-stack platform, with Mist AI, is laying the foundation for the future of retail, including innovative IoT capabilities to support stores in providing superior customer outcomes.”
One of Canada’s largest general merchandise companies, with $16 billion in sales, CTC’s operations include 13 banners and companies, including Canadian Tire, Mark’s, Helly Hansen, SportChek, FGL Sports, PartSource and Party City.
Juniper Networks Reports Preliminary Q3 2022 Financial Results
On October 25, 2022, Juniper Networks reported preliminary financial results for the three months ended September 30, 2022, and provided its outlook for the three months ending December 31, 2022. Juniper Networks reported preliminary Q3 adjusted EPS of 58c versus the consensus estimate of 50c. The company reported preliminary Q3 revenue of $1.41B versus the consensus estimate of $1.35B.
“We delivered record revenue results during the September quarter. Product sales grew 25% year-over-year and we saw double-digit year-over-year growth across all customer verticals and all customer solutions,” said Juniper’s CEO, Rami Rahim. “Our teams are executing extremely well. Based on our current demand, our strong backlog and the actions we’ve taken to procure more supply, we expect to deliver continued revenue strength in Q4, and sustained growth in 2023 and beyond.”