Juniper Cuts Q4 2011 Guidance -- Weak SP Router Sales

Citing weaker router sales to service providers, especially U.S. operators, Juniper Networks pre-announced lower than expectations results for Q4 2011.


Juniper now expects Q4 2011 revenue to be in the range of $1,110 to $1,120 million, compared to the company's prior expectation of $1,160 to $1,220 million. Non-GAAP EPS is now expected to be in the range of $0.26 to $0.28 per diluted share, compared to the company's prior expectation of $0.32 to $0.36. In addition, product book-to-bill was approximately 1.


"2011 was a record year of revenue for Juniper, even though our fourth quarter revenue was weaker than expected due to service provider demand," said Kevin Johnson, chief executive officer of Juniper Networks. "We remain committed to our strategy of innovation in high-performance networking as we continue to manage costs and drive excellence in execution."


Full results are expected after the market close on January 26, 2012.
http://www.juniper.net