Router slump knocks Juniper prelims for six


Router slump knocks Juniper prelims for six

Alex Scroxton

In a preliminary fourth quarter earnings statement, Juniper Networks has said it is likely to miss its original quarterly forecast for the three months to 31 December 2011 after a slump in router demand from service providers, which was particularly acute in the US.

The firm now expects to make sales of between $1.11bn (£717m) and $1.12bn, well under its previous forecast of about $1.17bn. Non-GAAP EPS is expected to be about $0.27 per diluted share; earlier it had called for about $0.34.

Despite the glum forecast, Juniper CEO Kevin Johnson maintaied that although Q4 sales were going to be found wanting, 2011 had still been a record year overall.

"We remain committed to our strategy of innovation in high-performance networking as we continue to manage costs and drive excellence in execution," he said.

Juniper expects to put out a more detailed statement of its financial health after the US markets close on 26 January.

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