Juniper Networks (JNPR) Warns on Q1 Results

Juniper Networks (NYSE: JNPR), the industry leader in network innovation, today provided certain preliminary estimated financial results for the fiscal first quarter ended March 31, 2016.

Revenue for the first quarter of 2016 is now expected to be in the range of $1,090 million to $1,100 million, below the Company's previous guidance of $1,150 million to $1,190 million, due primarily to weaker than anticipated demand from Enterprise and timing of deployments of certain U.S. and EMEA Tier 1 Telecoms. The Company now expects non-GAAP net income per diluted share of $0.35 to $0.37, compared to the Company's previous guidance of $0.42 to $0.46 per diluted share.

(Street sees Q1 EPS of $0.45 on revenue of $1.18 billion)

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

"Although we expect results to be lower than our initial guidance for the first quarter, we remain constructive on fiscal 2016 and expect growth from new products to contribute to our topline, coupled with our ongoing focus on cost discipline to drive non-GAAP operating margin expansion for the full year," stated Rami Rahim, chief executive officer of Juniper Networks.

Conference Call Webcast for First Quarter 2016 Financial Results
Juniper Networks will release full preliminary first quarter financial results on Thursday, April 28, 2016 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.

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