Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Juniper Networks Shares Dropped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Juniper Networks (NYSE: JNPR  ) have dropped by as much as 10% today after the company reported preliminary earnings with worse-than-expected guidance.

So what: Revenue in the quarter was $1.06 billion, with non-GAAP earnings per share of $0.24. Both results were mostly in line with expectations, and CEO Kevin Johnson said renewed demand from service providers was offset by weaker performance in enterprise sectors, such as federal and financial services.

Now what: Guidance for the coming quarter calls for revenue in the range of $1.07 billion to $1.1 billion, with adjusted earnings per share of $0.22 to $0.26. Analysts were expecting an adjusted profit of $0.27 per share. UBS is keeping a "neutral" rating, saying Juniper isn't firing on all cylinders. Goldman Sachs still thinks the stock is a "sell" in part because of macro headwinds and a weaker competitive position. Lazard Capital is also "neutral" and is waiting for clarity on product adoption.

Interested in more info on Juniper Networks? Add it to your watchlist by clicking here.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2384926, ~/Articles/ArticleHandler.aspx, 9/25/2016 12:04:24 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
JNPR $23.79 Down -0.07 -0.29%
Juniper Networks CAPS Rating: **