It’s coming. Beware.
8 replies (most recent on top)
There's nothing fake @ZqODKC9-1vze and this is not utter rubbish @ZqODKC9-4mnk.
Just checked the transcripts, Jess Lubert, the VP of investor relations kicked off the last earnings call saying...
"Our discussion today will include non-GAAP financial results. Reconciliation information can be found on the Investor Relations section of our website under Financial Reports. Commentary on why we consider non-GAAP information a useful view of the company's financial results is included in today's press release."
I consider this type of hand waving, nothing but a deception tactic to make the audience "look here, look there, while we pull the wool over your very eyes". To me, this is the real "utter rubbish" we should be concerned about at Juniper.
Watch out for these bloody crooks.
Don't want to say if JNPR is guilty or not, but If you only knew what goes on with ... "shifting earnings and expenses" between products, or quarters, to artificially bloat perceived revenue for certain products, and help these products appear to be doing better than others within the company and in the industry.
This appears to be a common practice these days, and the only thing the CEO and CFO has to do to cover their áss is say "non-GAAP" on the earnings report/call. Crazy huh?
Now please educate yourself and stop posting 'fake news'. Why don't you look at the earnings reports since Rami became CEO and count the GAAP vs non-GAAP earnings reports, and report back to all of us on what you find out?
Ha Ha... Pro-forma Baby! The saving grace for conniving thieves like Rami and his team of crooks.
All this B.S. make the crooked leadership rich at the expense of jobs in the lower ranks.
Stealth layoffs have stopped. Keep exposing these bāstards to stop the craziness.
Hmmm... Truth be known, financial misrepresentation is not unique to juniper. It happens everywhere.
You may have noticed that some companies repeatedly emphasize "adjusted" (also known as non-GAAP or pro forma) earnings over GAAP earnings. GAAP is short for "generally accepted accounting principles". GAAP accounting standards offer uniformity in how companies report their financial performance.
When a CFO and CEO report "adjusted" or "Non-GAAP" numbers, you can be sure they are "cooking the books" and covering their ásses at the same time.
Get educated, biatch!
Utter rubbish non-story.
Most US companies use loopholes to shift cost centers and revenue attribution to make some products artificially appear to do better in sales than others.
For example if a routing product (MX) appears to be doing poorly, during "soft" market conditions, they may choose to report all switching optics sales to support the MX numbers. The loophole being, we can claim customers maybe buying spare optics (by the hundreds), for the handful of MXs they own.
Similarly, when an OS runs on multiple platforms, chargeback of development expenses can be bundled to a product that is doing poorly and the other products can be artificially made to look more profitable.
Will anyone go to jail for this type of misrepresentation? They should, but won't.
This is deception, but analysts have caught on.
Troll. And Fake news. Unless you back up your claim with facts.