News

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.


Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.