Juniper Networks lowers guidance for Q4
Co lowers guidance for Q4, sees EPS of $0.26-$0.28 vs. Capital IQ consensus of $0.34, and vs. prior guidance of $0.32-$0.36; sees revenue of $1.11-$1.12 bln vs. consensus of $1.19 bln, and vs. prior guidance of $1.16-$1.22 bln. Non-GAAP operating margin is expected to be below the company’s prior outlook of 21% to 23% due to lower than expected Non-GAAP gross margins which were impacted by reduced revenue. Co states, “Although the company’s results are not yet finalized, fourth quarter performance is below the company’s previous outlook primarily due to weaker than expected router demand from service providers. While this was not limited to any single geography, a significant portion of the impact was from US service providers. In addition, product book-to-bill was approximately 1.
Joined Nov 11, 2007
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