Juniper Networks' first-quarter forecast disappoints, shares slide

Juniper Networks' first-quarter forecast disappoints, shares slideShares of Sunnyvale, California-based Juniper fell more than 9 percent in after-hours trading. The weak forecast was only due to deployment delays from cloud customers and "not about a loss of share or footprint to the competition", Juniper Chief Executive Rami Rahim said on a post-earnings call. Like larger rival Cisco Systems Inc, Juniper has been focusing on areas such as cloud computing to offset softness in the switches and routers markets.




from Yahoo Finance http://ift.tt/2nrATrv
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