Juniper Networks' (NYSE: JNPR) announcement that its Q4 revenue and profit will be lower than previous forecasts did not sit well with investors as its stock fell 6.4 percent in late trading.
The vendor attributes the reduced outlook to a slower demand from service providers for its routing platforms.
On a preliminary basis, Juniper said it expects revenue would be $1.11 to $1.12 billion. These figures were lower than its previous forecast of $1.16 to $1.22 billion.
From a per-share earnings perspective, it said expects 26 to 28 cents, down from a previous forecast of 32 to 36 cents.
But sales and profit aren't Juniper's only issues. When Juniper releases its Q4 2011 results on Jan. 26, the company said it will report a lower operating margin than the previous 21 to 23 percent forecast.
For more:
- Bloomberg has this article
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