Juniper Networks (JNPR) Prelim. Q3 Results Miss Prior Guidance

Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, today provided certain preliminary estimated financial results for the fiscal third quarter ended September 30, 2017.

Revenue for the third quarter of 2017 is now expected to be in the range of $1,250 million to $1,260 million, below the Company's previous guidance of $1,290 million to $1,350 million, primarily due to lower than expected revenue in our cloud vertical.

The Company now expects non-GAAP net income per diluted share of $0.54 to $0.56, compared to the Company's previous guidance of $0.55 to $0.61 per diluted share.

The above information is preliminary and subject to completion of quarter-end financial reporting processes and review.

"We are confident in our company strategy, product roadmap and strong positioning with our cloud provider customers as we continue to navigate and disrupt a very dynamic industry. Although we are disappointed in our lower than anticipated revenue, we remain focused on operational excellence, cost efficiencies, and delivering long-term, sustainable growth," stated Rami Rahim, Chief Executive Officer of Juniper Networks.

Conference Call Webcast for Third Quarter 2017 Financial Results

Juniper Networks will release full preliminary third quarter financial results on Tuesday, October 24, 2017 after the close of the market. The Company's senior management will host a conference call that day at 2:00 pm PT.

To listen to the conference call, the toll free dial-in number is 877-407-8033, international callers dial +1-201-689-8033. Please dial in ten minutes prior to the scheduled conference call time. The call will also be webcast live and archived on the Investor Relations section of the Company's website at http://investor.juniper.net.

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• BWS Financial Downgrades Inter Parfums (IPAR) to Sell
• Four Tree Island Advisory calls DoubleDown $11.25 offer too low