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Juniper Networks stock price
Juniper Networks latest news:
Juniper shares fall after soft fourth-quarter guidance, earnings miss
Juniper Networks Inc. shares plunged in the extended session Tuesday after the company issued softer-than-expected fourth-quarter guidance and missed on earnings. Juniper shares fell 6.6% to $24.44 after hours. The company reported third-quarter net income of $174.4 million, or 46 cents a share, compared to $172.4 million, or 45 cents a share, in the year-ago period. Adjusted earnings were 55 cents a share. Revenue fell to $1.26 billion from $1.29 billion in the year-ago period. Analysts surveyed by FactSet had estimated an adjusted 56 cents a share on revenue of $1.28 billion. For the fourth quarter, Juniper executives estimate adjusted earnings of 49 cents to 55 cents a share on revenue of $1.23 billion, plus or minus 30 million. Analysts model earnings of 62 cents a share on revenue of $1.35 billion. Juniper stock has fallen 7.4% this year, with the S&P 500 index rising 14.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Juniper Networks shares fall after profit, revenue warning
Shares of Juniper Networks Inc. fell more than 10% late Wednesday after the networking company lowered its third-quarter revenue and profit outlook. Juniper lowered third-quarter revenue expectations to a range of $1.25 billion to $1.26 billion, compared with a previous guidance of between $1.29 billion and $1.35 billion, "primarily due to lower than expected revenue in our cloud vertical," the company said in a statement. Juniper cut its per-share adjusted profit expectations to 54 cents to 56 cents, compared with a previous guidance of 55 cents a share to 61 cents a share. Juniper is scheduled to report third-quarter results on Oct. 24 after the bell. The shares ended Wednesday down 1.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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