Not-Jumping Juniper (JNPR)

Posted in pre-market 
April 21st, 2010

Juniper Networks, Inc. (NASDAQ: JNPR) is down despite the notion that it beat earnings at $0.27 EPS vs. $0.26 estimates but its outlook for the current quarter is only in-line with estimates. Revenue was put at $950 million, plus or minus $20 million, versus expectations of $945 million and earnings were only guided in-line.  So much for that catching up to Cisco…. Shares were down as much as 7% after the news after closing at $31.56 yesterday.  Shares are down 6.55% at $29.49 on almost 200,000 shares as of 8:58 AM EST.  This 52-week range is $17.59 to $32.16 and average volume is 6.5 million shares.

JON OGG

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