Talkin' Shift Podcast
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Last episode over 4 years agoDrag racing and automotive performance podcast from 1320video team.
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Episodes (543)
Beyond Meat Inc Q3 2020 Earnings Call
Beyond Meat Inc. (NASDAQ: BYND) Q3 2020 earnings call dated Nov. 09. Corporate Participants: Lubi Kutua — Vice President, Financial Planning and Analysis & Investor Relations Ethan Brown — Founder, President and Chief Executive Officer, Board Member Mark J. Nelson — Chief Financial Officer and Treasurer Analysts: Alexia Howard — Bernstein — Analyst Robert Moskow — Credit Suisse — Analyst Bryan Spillane — Bank of America — Analyst Ken Goldman — JPMorgan — Analyst Rupesh Parikh — Oppenheimer — Analyst Ben Theurer — Barclays — Analyst Adam Samuelson — Goldman Sachs — Analyst John Baumgartner — Wells Fargo — Analyst Michael Lavery — Piper Sandler — Analyst Ben Hartford — Baird — Analyst
Virgin Galactic Holdings, Inc. (SPCE) Q3 2020 Earnings Call
Virgin Galactic Holdings, Inc. (NYSE: SPCE) Q3 2020 earnings call dated Nov. 05, 2020 Corporate Participants: Michael A. Colglazier — Chief Executive Officer Michael P. Moses — President, Space Missions and Safety Jonathan Campagna — Chief Financial Officer Analysts: Adam Jonas — Morgan Stanley — Analyst Robert Spingarn — Credit Suisse — Analyst Myles Walton — UBS — Analyst Ronald Epstein — Bank of America Merrill Lynch — Analyst Oliver Chen — Cowen and Company — Analyst Noah Poponak — Goldman Sachs — Analyst Pete Skibitski — Alembic Global Advisors — Analyst
Dropbox, Inc. (DBX) Q3 2020 Earnings Call
Dropbox, Inc. (NASDAQ: DBX) Q3 2020 earnings call dated Nov. 05, 2020 Corporate Participants: Rob Bradley — Investor Relations Drew Houston — Co-Founder and Chief Executive Officer Tim Regan — Chief Financial Officer Analysts: Philip Rigby — D. A. Davidson & Co. — Analyst Pinjalim Bora — J.P. Morgan & Co. — Analyst Luv Sodha — Jefferies — Analyst Mark Chen — JMP Securities LLC — Analyst Heather Bellini — Goldman Sachs — Analyst
Square, Inc. (SQ) Q3 2020 Earnings Call
Square, Inc. (NYSE: SQ) Q3 2020 earnings call dated Nov. 05, 2020 Corporate Participants: Jason Lee — Vice President Head of Finance & Strategy, Seller Business and Head of Investor Relations Jack Dorsey — Chief Executive Officer Amrita Ahuja — Chief Financial Officer Analysts: Tien-Tsin Huang — J.P. Morgan — Analyst Lisa Ellis — MoffettNathanson — Analyst Jerry Torsan — — Analyst Timothy Chiodo — Credit Suisse — Analyst Darrin Peller — Wolfe Research — Analyst Rayna Kumar — Evercore ISI — Analyst Pete Christiansen — Citi — Analyst Ramsey El-Assal — Barclays — Analyst James Friedman — Susquehanna — Analyst Josh Beck — KBCM — Analyst Andrew Jeffrey — Truist Securities — Analyst Bryan Keane — Deutsche Bank — Analyst
Alibaba Group Holding Limited (BABA) Q3 2020 Earnings Call
Alibaba Group Holding Limited (NYSE: BABA) Q3 2020 earnings call dated Nov. 05, 2020 Corporate Participants: Rob Lin — Head of Investor Relations Daniel Yong ZHANG — Chairman and Chief Executive Officer Maggie Wei WU — Director and Chief Financial Officer Joseph C. TSAI — Executive Vice Chairman Analysts: Binnie Wong — HSBC — Analyst Thomas Chong — Jefferies — Analyst Mark Mahaney — RBC Capital Markets — Analyst Gregory Zhao — Barclays Bank — Analyst Eddie Leung — Bank of America Merrill Lynch — Analyst Alex Yao — J.P. Morgan — Analyst Alicia Yap — Citigroup — Analyst
Zynga Inc. (ZNGA) Q3 2020 Earnings Call
Zynga Inc. (NASDAQ: ZNGA) Q3 2020 earnings call dated Nov. 04, 2020 Corporate Participants: Rebecca Lau — Vice President, Investor Relations and Corporate Finance Frank Gibeau — Chief Executive Officer and Director Gerard Griffin — Chief Financial Officer Analysts: Alex Giaimo — Jefferies — Analyst Mario Lu — Barclays — Analyst Colin Sebastian — Baird — Analyst Matthew Thornton — Truist Securities — Analyst Eric Sheridan — UBS — Analyst David Karnovsky — JP Morgan — Analyst Mike Ng — Goldman Sachs — Analyst Eric Handler — MKM Partners — Analyst Brian Fitzgerald — Wells Fargo — Analyst Matthew Cost — Morgan Stanley — Analyst
Qualcomm Inc. (QCOM) Q4 2020 Earnings Call
Qualcomm Inc. (NASDAQ: QCOM) Q4 2020 earnings call dated Nov. 04, 2020 Corporate Participants: Mauricio Lopez-Hodoyan — Vice President, Investor Relations Steve Mollenkopf — Chief Executive Officer Akash Palkhiwala — Executive Vice President and Chief Financial Officer Cristiano R. Amon — President Analysts: Mike Walkley — Canaccord Genuity — Analyst Samik Chatterjee — JPMorgan — Analyst Matt Ramsay — Cowen — Analyst Chris Caso — Raymond James — Analyst Joe Moore — Morgan Stanley — Analyst Blayne Curtis — Barclays — Analyst Ross Seymore — Deutsche Bank — Analyst Stacy Rasgon — Bernstein Research — Analyst Mitch Steves — RBC Capital Markets — Analyst Rod Hall — Goldman Sachs — Analyst C.J. Muse — Evercore ISI — Analyst Timothy Arcuri — UBS — Analyst
Starbucks Corp (SBUX) Q4 2020 Earnings Call
Starbucks Corp (NASDAQ: SBUX) Q4 2020 earnings call dated Oct. 29, 2020 Starbucks (NASDAQ: SBUX) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The coffee chain reported an 8% decline in Q4 revenues to $6.20 billion, which was better than the Wall Street consensus. Earnings of $0.51 per share also surpassed average analysts’ estimates by 20 cents. SBUX shares fell 1% immediately following the announcement. The stock has traded almost flat so far this year. Corporate Participants: Durga Doraisamy — Vice President of Investor Relations Kevin Johnson — President and Chief Executive Officer Patrick Grismer — Executive Vice President and Chief Financial Officer
Twitter Inc. (TWTR) Q3 2020 Earnings Call
Twitter Inc. (NYSE: TWTR) Q3 2020 earnings call dated Oct. 29, 2020 Revenues increased 14% year-over-year to $936 million. Net income was $29 million, or $0.04 per share, compared to $37 million, or $0.05 per share, last year. Adjusted EPS was $0.19. Average monetizable daily active usage grew 29% to 187 million. Corporate Participants: Krista Bessinger — Director of Investor Relations Jack Dorsey — Chief Executive Officer Ned Segal — Chief Financial Officer Analysts: Lloyd Walmsley — Deutsche Bank — Analyst Doug Anmuth — JPMorgan — Analyst Brian Nowak — Morgan Stanley — Analyst Rich Greenfield — LightShed Partners — Analyst Deepak Mathivanan — Barclays — Analyst Michael Levine — Pivotal Research Group — Analyst Heath Terry — Goldman Sachs — Analyst James Pethokoukis — Jefferies — Analyst Mark Shmulik — Bernstein — Analyst Justin Patterson — KeyBanc — Analyst
Apple Inc. (AAPL) Q4 2020 Earnings Call
Apple Inc. (NASDAQ: AAPL) Q4 2020 earnings call dated Oct. 29, 2020 Gadget giant Apple Inc. (NASDAQ: AAPL) Thursday said the sales of iPhone decreased in the fourth quarter, restricting total sales growth to just 1%. However, the results topped the market’s expectations. Sales of iPhone, the company’s flagship product, decreased 21% from last year to $26.4 billion in the Septemberer-quarter. At $64.69 billion, total revenue was up 1%, which also came in above the estimates. The tech firm recorded net income of $12.67 billion or $0.73 per share during the three-month period, compared to $13.69 billion or $0.76 per share last year. It was better than the outcome analysts’ had predicted. Corporate Participants: Tejas Gala — Senior Manager, Corporate Finance, and Investor Relations Tim Cook — Chief Executive Officer Luca Maestri — Senior Vice President and Chief Financial Officer Analysts: Shannon Cross — Cross Research — Analyst Jeriel Ong — Deutsche Bank — Analyst Katy Huberty — Morgan Stanley — Analyst Amit Daryanani — Evercore — Analyst Samik Chatterjee — J.P. Morgan — Analyst Krish Sankar — Cowen & Company — Analyst Kyle McNealy — Jefferies — Analyst Chris Caso — Raymond James — Analyst
Alphabet Inc (Google) Q3 2020 Earnings Call
Alphabet Inc (NASDAQ: GOOG/GOOGL) Q3 2020 earnings call dated Oct. 29, 2020 Alphabet Inc. (NASDAQ: GOOG/GOOGL), the parent of Google, reported third-quarter 2020 results Thursday. Both earnings and revenues increased and came in above experts’ projection. Shares of the internet search giant gained during the extended trading session, soon after the announcement. Total revenues rose 14% year-over-year to $46.17 billion in the third quarter and beat the estimates. Google advertising revenue increased10%, while Search & Other revenue was up 6%. Reflecting the strong top-line performance, net income moved up to $11.2 billion or $16.4 per share in the September-quarter from $7.01 billion or $10.12 per share a year earlier. For the most recent quarter, analysts were looking for a lower number. Corporate Participants: Jim Friedland — Director of Investor Relations Sundar Pichai — Chief Executive Officer, Google Ruth M. Porat — Senior Vice President and Chief Financial Officer, Alphabet and Google Analysts: Eric Sheridan — UBS — Analyst Doug Anmuth — J.P. Morgan — Analyst Heather Bellini — Goldman Sachs — Analyst Brian Nowak — Morgan Stanley — Analyst Brent Thill — Jefferies — Analyst Justin Post — Bank of America Merrill Lynch — Analyst Mark Mahaney — RBC Capital Markets — Analyst Daniel Salmon — BMO Capital Markets — Analyst Colin Sebastian — Robert W. Baird — Analyst Ross Sandler — Barclays — Analyst
Facebook, Inc. (FB) Q3 2020 Earnings Call
Facebook, Inc. (NASDAQ: FB) Q3 2020 earnings call dated Oct. 29, 2020 Facebook (NASDAQ: FB) reported third-quarter 2020 financial results after the closing bell on Thursday. The social media giant reported a 22% spike in Q3 revenue to $21.47 billion, which was well above the Wall Street consensus. Net earnings of $2.71 per share also surpassed the street consensus by a wide margin. FB shares gained 2% immediately following the announcement. The stock has gained 34% since the beginning of this year. “We expect our fourth quarter 2020 year-over-year ad revenue growth rate to be higher than our reported third quarter 2020 rate, driven by continued strong advertiser demand during the holiday season. Additionally, Oculus Quest 2 orders have been strong which should benefit Other Revenue,” the company said in a statement. Corporate Participants: Deborah Crawford — Vice President, Investor Relations Mark Zuckerberg — Founder, Chairman and Chief Executive Officer Sheryl Sandberg — Chief Operating Officer Dave Wehner — Chief Financial Officer Analysts: Brian Nowak — Morgan Stanley — Analyst Eric Sheridan — UBS Financial Services Inc. — Analyst Justin Post — Bank of America Merrill Lynch — Analyst Brent Thill — Jefferies LLC — Analyst Heather Bellini — Goldman Sachs Group Inc. — Analyst Douglas Anmuth — JPMorgan Chase & Co. — Analyst Michael Nathanson — MoffettNathanson — Analyst Mark Mahaney — RBC Capital Markets — Analyst Youssef Squali — Truist Securities — Analyst
Amazon.com Inc. (AMZN) Q3 2020 Earnings Call
Amazon.com Inc. (NASDAQ: AMZN) Q3 2020 earnings call dated Oct. 29, 2020 Net sales increased 37% year-over-year to $96.1 billion. Net income increased to $6.3 billion, or $12.37 per share, from $2.1 billion, or $4.23 per share, last year. For the fourth quarter of 2020, net sales are expected to grow 28-38% year-over-year to $112-121 billion. Jeff Bezos Corporate Participants: Dave Fildes — Head of Investor Relations Brian T. Olsavsky — Senior Vice President and Chief Financial Officer Analysts: Brian Nowak — Morgan Stanley — Analyst Doug Anmuth — J.P. Morgan — Analyst Justin Post — Merrill Lynch — Analyst Heath Terry — Goldman Sachs — Analyst Mark Mahaney — RBC Capital — Analyst Eric Sheridan — UBS — Analyst
KFC, PizzaHut, TacoBell: All you need to know about Yum! Brands Q3 2020 Earnings
Total revenues increased 8% year-over-year to $1.44 billion. Net income rose 11% to $283 million and EPS grew 14% to $0.92. Adjusted EPS increased 27% to $1.01. Worldwide system sales, excluding foreign currency translation, grew 1%. Link to infograph: https://news.alphastreet.com/yum-earnings-all-you-need-to-know-about-yum-brands-q3-2020-earnings-results/
Cognizant Technology Solutions Corp (CTSH) Q3 2020 Earnings Call
Cognizant Technology Solutions Corp (NASDAQ: CTSH) Q3 2020 earnings call dated Oct. 28, 2020. Revenues remained relatively flat year-over-year at $4.2 billion. GAAP net income was $348 million, or $0.64 per share, compared to $497 million, or $0.90 per share, in the same period a year ago. Adjusted EPS was $0.97. For the full year of 2020, revenues are expected to be approx. $16.7 billion while adjusted EPS is expected to be $3.63-3.67 Corporate Participants: Katie Royce — Global Head of Investor Relations Vice President, Corporate Communications Brian Humphries — Chief Executive Officer Jan Siegmund — Chief Financial Officer Analysts: Jason Kupferberg — Bank of America Merrill Lynch — Analyst Lisa Ellis — MoffettNathanson — Analyst Ashwin Shirvaikar — Citi — Analyst Bryan Bergin — Cowen & Company — Analyst Keith Bachman — BMO Capital Market — Analyst James Friedman — Susquehanna Financial Group — Analyst
eBay Inc (EBAY) Q3 2020 Earnings Call
eBay Inc (NASDAQ: EBAY) Q3 2020 earnings call dated Oct. 28, 2020 eBay (EBAY) stock drops after Q3 earnings slightly miss estimates. E-commerce giant eBay Inc. (NASDAQ: EBAY) reported higher earnings and revenues for the third quarter of 2020. But the company’s stock declined on Wednesday evening. The company also revised up its full-year guidance. Net income was $664 million or $0.88 per share in the September-quarter, compared to $310 million or $0.25 per share in the prior-year quarter. Adjusted earnings advanced to $0.85 per share in the latest quarter from $0.52 per share in the third quarter of 2019. Driving the bottom-line growth, net revenues rose 25% annually to $2.61 billion, helped by an increase in gross merchandise volume. There was a 5% growth in the number of annual active buyers, for a total of 183 million global active buyers Corporate Participants: Joe Billante — Vice President of Communications and Investor Relations Jamie Iannone — President and Chief Executive Officer Andy Cring — Interim Chief Financial Officer Analysts: Scott Devitt — Stifel — Analyst Richard Kramer — Arete Research — Analyst Colin Sebastian — Robert W. Baird — Analyst Tom Champion — Piper Sandler — Analyst Stephen Ju — Credit Suisse — Analyst Youssef Squali — Truist Securities — Analyst Edward Yruma — KeyBanc Capital Markets — Analyst Robert Drbul — Guggenheim Securities — Analyst Brian Nowak — Morgan Stanley — Analyst
United Parcel Service, Inc. (UPS) Q3 2020 Earnings Call
United Parcel Service, Inc. (NYSE: UPS) Q3 2020 earnings call dated Oct. 28, 2020. Revenues increased nearly 16% year-over-year to $21.2 billion. Net income rose 11.8% to $2 billion, or $2.24 per share. Adjusted EPS rose 10.1% to $2.28.. UPS is not providing guidance due to the uncertainty related to the pandemic. Corporate Participants: Scott Childress — Investor Relations Officer Carol B. Tome — Chief Executive Officer Brian Newman — Chief Financial Officer Analysts: Amit Mehrotra — Deutsche Bank — Analyst Chris Wetherbee — Citi — Analyst Allison Poliniak — Wells Fargo Securities — Analyst David Ross — Stifel Financial Corp. — Analyst David Vernon — Bernstein — Analyst Allison Landry — Credit Suisse — Analyst Scott Schneeberger — Oppenheimer — Analyst Ravi Shanker — Morgan Stanley — Analyst Jordan Alliger — Goldman Sachs — Analyst Jack Atkins — Stephens, Inc. — Analyst Scott Group — Wolfe Research — Analyst Jairam Nathan — Daiwa — Analyst Brandon Oglenski — Barclays — Analyst
MasterCard Inc. (MA) Q3 2020 Earnings Call
MasterCard Inc. (NYSE: MA) Q3 2020 earnings call dated Oct. 28, 2020 Mastercard (NYSE: MA) reported lower earnings and revenues for the third quarter, which also missed Wall Street’s expectations. The credit card firm’s stock declined early Wednesday, following the announcement. Third-quarter revenues decreased 14% annually to $3.8 billion and missed the consensus forecast. The top-line was hurt by the impacts of COVID-19. Adjusted earnings plunged to $1.60 per share from $2.15 per share in the third quarter of 2019. Earnings also missed analysts’ prediction. Reported profit dropped to $1.5 billion or $1.51 per share from $2.1 billion or $2.07 per share a year earlier. Shares of Mastercard have gained 14% in the past twelve months. They dropped during Wednesday’s pre-market trading soon after the company unveiled the quarterly numbers. Corporate Participants: Warren Kneeshaw — Head of Investor Relations Ajay Banga — Chief Executive Officer Michael Miebach — President and Chief Executive Officer-Elect Sachin Mehra — Chief Financial Officer Analysts: Craig Maurer — Autonomous Research — Analyst Lisa Ellis — MoffettNathanson — Analyst Darrin Peller — Wolfe Research — Analyst Bob Napoli — William Blair — Analyst Jason Kupferberg — Bank of America — Analyst Tien-Tsin Huang — JPMorgan — Analyst James Faucette — Morgan Stanley — Analyst Bryan Keane — Deutsche Bank — Analyst Chris Donat — Piper Sandler — Analyst Sanjay Sakhrani — KBW — Analyst Ramsey El-Assal — Barclays — Analyst
Visa, Inc. (V) Q4 2020 Earnings Call
Visa Inc (NYSE: V) Q4 2020 earnings call dated Oct. 28, 2020 Visa Inc (NYSE: V) reported fourth-quarter 2020 financial results after the closing bell on Wednesday. The payment services company reported a 17% decline in Q4 revenues to $5.1 billion but surpassed the Wall Street consensus. Earnings of $1.12 per share were also better than what analysts had anticipated. Visa shares gained 1% immediately following the announcement. The stock has lost 5% of its value since the beginning of this year. Corporate Participants: Mike Milotich — Senior Vice President of Investor Relations Alfred F. Kelly, Jr. — Chairman and Chief Executive Officer Vasant Prabhu — Vice Chairman and Chief Financial Officer Analysts: Dan Dolev — Mizuho Securities — Analyst Robert Napoli — William Blair & Company — Analyst Bryan Keane — Deutsche Bank Securities — Analyst Sanjay Sakhrani — Keefe, Bruyette & Woods — Analyst Ramsey El-Assal — Barclays — Analyst Lisa Ellis — MoffettNathanson — Analyst Dan Perlin — RBC Capital Markets — Analyst Tien-Tsin Huang — J.P. Morgan — Analyst Jason Kupferberg — Bank of America Merrill Lynch — Analyst Darrin Peller — Wolfe Research — Analyst
Gilead Sciences Inc. (GILD) Q3 2020 Earnings Call
Biopharmaceutical company Gilead Sciences Inc (NASDAQ: GILD) Wednesday said its third-quarter earnings increased, aided by higher revenues. The results also exceeded the market’s prediction. Adjusted earnings increased 29% to $2.11 per share from $1.64 per share a year earlier. Analysts were looking for a smaller bottom-line number. Net income, on an unadjusted basis, came in at $360 million or $0.29 per share, compared to a loss of $1.17 billion or $0.92 per share in the prior-year period. Revenues moved up 17% year-over-year to $6.58 billion in the September-quarter and exceeded the market’s prediction. The company’s stock closed Wednesday’s regular trading lower, hut gained during the after-hours session Corporate Participants: Douglas Maffei — Senior Director, Investor Relations Daniel O’Day — Chairman and Chief Executive Officer Johanna Mercier — Chief Commercial Officer Merdad Parsey — Chief Medical Officer Andrew Dickinson — Chief Financial Officer Diana Brainard — Senior Vice President, HIV and Emerging Viral Infections
Ford Motor Company (F) Q3 2020 Earnings Call
Ford Motor Company (NYSE: F) Q3 2020 earnings call dated Oct. 28, 2020 Revenues rose 1% year-over-year to $37.5 billion. Net income amounted to $2.4 billion, or $0.60 per share, compared to $0.4 billion, or $0.11 per share, last year. Adjusted EPS was $0.65 Corporate Participants: Lynn Antipas Tyson — Executive Director, Investor Relations James D. Farley — Chief Executive Officer John Lawler — Chief Financial Officer Marion Harris — President and Chief Executive Officer, Ford Motor Credit Company Analysts: John Murphy — Bank of America – Merrill Lynch — Analyst Rod Lache — Wolfe Research — Analyst Emmanuel Rosner — Deutsche Bank Research — Analyst Adam Jonas — Morgan Stanley — Analyst Ryan Brinkman — JP Morgan — Analyst Mark Delaney — Goldman Sachs — Analyst Brian Johnson — Barclays — Analyst Dan Levy — Credit Suisse — Analyst Joseph Spak — RBC Capital Markets — Analyst
General Electric Company (NYSE: GE) Q3 2020 Earnings Call
General Electric offers an earnings surprise in Q3. General Electric (NYSE: GE) reported third-quarter 2020 financial results before the opening bell on Wednesday. The industrial giant reported a 17% decline in Q3 revenues to $19.4 billion, which fell short of the Wall Street consensus. Meanwhile, the company surprised the street with a profit of $0.06 per share, even as investors were anticipating a loss. GE shares gained 3.5% immediately following the announcement. The stock has fallen 40% since the beginning of this year. CEO H. Lawrence Culp, Jr. said in a statement, “We are improving our profit and cash performance with organic margin expansion in every segment except Aviation, though orders more broadly remain under pressure.”
Boston Scientific Corporation Q3 2020 Earnings Call
Boston Scientific Corporation, doing business as Boston Scientific, is a manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology. Boston Scientific is primarily known for the development of the Taxus Stent, a drug-eluting stent which is used to open clogged arteries. With the full acquisition of Cameron Health in June 2012, the company also became notable for offering a minimally invasive implantable cardioverter-defibrillator which they call the EMBLEM Subcutaneous Implantable Defibrillato
Harley-Davidson Inc. (HOG) Q3 2020 Earnings Call
Harley-Davidson (HOG) stock jumps after Q3 results beat Street view. Shares of Harley-Davidson, Inc. (NYSE: HOG) rose sharply early Tuesday after the superbike maker reported third-quarter results that beat estimates. Third-quarter profit came in at $120 million or $0.78 per share, compared to $87 million or $0.55 per share in the same period of last year. Analysts were looking for a smaller bottom-line number. Adjusted earnings advanced to $1.05 per share from $0.70 per share in the third quarter of 2019. Meanwhile, total revenues dropped 8% annually to $1.17 billion in the third quarter but exceeded the consensus forecast. Infographic: https://news.alphastreet.com/earnings-harley-davidson-nysehog-reports-q3-2020-financial-results/
Juniper Networks Inc (JNPR) Q3 2020 Earnings Call
Juniper Networks Inc (NYSE: JNPR) Q3 2020 earnings call dated Oct. 27, 2020. Transcript: Click here What awaits Juniper Networks (JNPR) in the post-pandemic era -- Strong cash position and effective cost management should help the management continue with its expansion plan. When the virus outbreak rattled markets in recent months, one sector that remained less affected was information technology. As the uncertainty deepens, networking solutions provider Juniper Networks, Inc. (NYSE: JNPR) sees both headwinds and benefits in the second half of the year. Corporate Participants: Jess Lubert — Vice President, Investor Relations Rami Rahim — Chief Executive Officer Ken Miller — Executive Vice President and Chief Financial Officer Analysts: Ittai Kidron — Oppenheimer — Analyst Rod Hall — Goldman Sachs — Analyst Paul Silverstein — Cowen and Company — Analyst Sami Badri — Credit Suisse — Analyst Tim Long — Barclays — Analyst Samik Chatterjee — JP Morgan — Analyst Simon Leopold — Raymond James — Analyst Amit Daryanani — Evercore — Analyst Aaron Rakers — Wells Fargo — Analyst Jeff Kvaal — Wolfe Research — Analyst Meta Marshall — Morgan Stanley — Analyst