Juniper Networks (JNPR) Cuts Q3 Outlook

Juniper Networks (NYSE: JNPR) provided certain preliminary estimated financial results for the fiscal third quarter ended Sept. 30, 2014.

Revenue for the third quarter of 2014 is now expected to be in the range of $1,110 million to $1,120 million, below the Company's previous guidance of $1,150 million to $1,200 million, primarily due to lower-than-anticipated demand from service providers, particularly in the U.S. Due in part to the Company's continued focus on cost reduction initiatives and the benefit of reduced variable compensation for the quarter, it expects non-GAAP net income per diluted share of $0.34 to $0.36, compared to the Company's previous guidance of $0.35 to $0.40 per diluted share.

*** The Street sees Q3 revs of $1.18 billion and EPS of $0.38.

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

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