PREMARKET ALERT: Juniper (JNPR)

Posted in General 
July 24th, 2009

Juniper Networks Inc. (Nasdaq: JNPR) shares are down more than 4 percent to $25.42 in early premarket trading of about 9,200 shares as of 8 a.m. Eastern. The stock had been one of the most active in the after-hours session, after its earnings conference call. The company posted EPS of 19 cents a share, a penny above expectations, and guided EPS to a range of 19 to 21 cents, above expectations of 19 cents a share. our estimate and $0.01 above the high end of $0.16-0.18 guidance. But shareholders were disappointed with quarterly gross margin of 64.3 percent, the lowest the company has reported in the past five years, amid stiff price competition. – Mike Tarsala

Comments are closed

-->