January 9, 2012 / 9:39 PM / 6 years ago

Juniper Networks cuts Q4 outlook

1 Min Read

(Reuters) - Network equipment maker Juniper Networks Inc cut its fourth-quarter outlook, primarily due to weaker-than-expected router demand from service providers, sending its shares down 4 percent in trading after the bell.

Juniper said it now expects fourth-quarter non-GAAP earnings to be in the range of 26 cents to 28 cents a share, compared to its prior expectation of 32 cents to 36 cents a share.

The company expects revenue to be $1.11 billion to $1.12 billion, compared to its prior expectation of $1.16 billion to $1.22 billion.

Juniper said while the weak router demand was not limited to any single geography, a significant portion of the impact was from its U.S. service providers.

Juniper is scheduled to report its fourth-quarter results on January 26, after market close.

Shares of the company were down at $20.94 in trading after the bell. They closed at $21.53 on Monday on the New York Stock Exchange.

Reporting by Bijoy Koyitty in Bangalore; Editing by Supriya Kurane

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