Earnings season hasn’t quite started, but Juniper Networks has apparently decided to get the bad news out of the way early. The company announced updated revenue and earnings guidance that the markets aren’t terribly pleased with. Whether this is company-specific or part of a broader trend will have to wait for more data.
Juniper says revenue for Q3/2014 is now expected to be $1.11-1.12B, down from $1.15-1.20B, while the range on non-GAAP earnings per share fell to $0.34-0.36, straddling the bottom rung of their original range of $0.35-0.40. The reason given was “lower-than-anticipated demand from service providers, particularly in the U.S.”
Juniper has been moving to streamline its operations this year, under pressure from some of its investors to retool the company.
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